VALUATION OF LEASED LAND IN INDUSTRIAL ZONE

VALUATION OF LEASED LAND IN INDUSTRIAL ZONE

Before proceeding with the construction of industrial parks, conducting land price appraisal is an extremely important step that we cannot ignore. So why must appraise the price of industrial park land? Which agency is responsible for this issue or the current situation and difficulties in appraisal in our country? Please take a moment to reflect on this with us.

The comparable properties are the average rental rates of LURs for industrial zones located in the same location. However, the comparable assets have different location, infrastructure, investment environment, support services, security, etc., so these are the basic factors affecting the price of leased land use rights. . The comparison coefficient is determined on the basis of comparing external factors of an asset subject to price appraisal and comparable assets, including:
• Location
• Area size
• The infrastructure
• Support services
• Investment environment

Necessity of industrial zone land price appraisal
As a resource-rich country with abundant and cheap labor force, investment, expansion and development of industrial zones, export processing zones are considered one of the right spearheads for the economic development of our country. The current. However, in order to be able to build these industrial zones, it is required that we calculate and consider many important issues including the appraisal of land prices for industrial parks to be built. Why is this assessment so necessary?
First of all, land price appraisal in industrial zones will help investors and individuals with land know the exact value of the land. From there, there will be the best plan, compensation and support for those whose land is acquired to help them hand over their land safely. Because of that, the progress of site clearance and construction of industrial zones will be faster and on schedule.

Land price appraisal in industrial zones is essential
On the other hand, this appraisal is also the basis for the State or the investor to come up with appropriate land lease policies to encourage businesses to rent land, build factories ...
In addition, the appraisal of land prices in industrial zones is also a premise for the State to have grounds to adjust, propose appropriate policies, bring more benefits to investors as well as businesses.

Thus, the appraisal of industrial zone land prices plays a very important role. It is considered a step, an indispensable job in the process of building and developing industrial parks in our country as well as other countries in the world.

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