Eres : Digital Library : Works

Paper eres2003_130:
Property valuation in China: current status and prospect for international practitioners

id eres2003_130
authors Cao, Albert
year 2003
title Property valuation in China: current status and prospect for international practitioners
source 10th European Real Estate Society Conference (10-13 June 2003) Helsinki, Finland
summary The re-emergence of the property market in China since late 1980s has resulted in the rapid growth of the market for valuation services and of professional property valuation bodies. However, the valuation profession has been trapped in technical, ethical and political issues and the market is segmented due to statutory and non-statutory monopolistic practices. This paper reports the findings of a survey of the standard methods of valuation used, the codes of practice adopted, and the conflicts among the professional bodies. It evaluates the methods and codes of practices using those adopted by the RICS as the benchmark. It then analyses the role of the government and its changes to provide an explanation of the development of property valuation in an institutional perspective. Finally the paper probes the opportunities for international property valuation practitioners to participate in the market when China opens up the market to honour its commitments for the entry of the World Trade Organisation.
series ERES:conference
email acao@brookes.ac.uk
discussion No discussions. Post discussion ...
ratings
session Session 11, Valuation in Different Institutional Settings
last changed 2008/12/29 19:09
HOMELOGIN (you are user _anon_448131 from group guest) Powered by SciX Open Publishing Services 1.002