Valuation of development land, Hong Kong
A valuation of property that is considered to be suitable for development, or redevelopment, may be required for many reasons. These may include, among others, advice on loan security, acquisition, sale, valuation of options, capital taxes, planning purposes and appraisals.
This guidance note discusses the approach to the valuation of property where the proposed development is of a cleared, or greenfield, site, or where the site is to be redeveloped by removing all, or substantially all, of the existing buildings and constructing new buildings. These various scenarios are referred to throughout as 'development land'.