英文房地产评估报告
Real Estate Evaluation Report
Ⅰ.Object
Evaluated: Real estate of Room 20A, Block B, World Trade Square, Fu Hong Road,Futian District, Shenzhen City
Ⅱ. Consigner: Tong Xin
III. Evaluation Company: Shenzhen Touchstone Real Estate Appraisal and Consultancy
Co., Ltd.
Ⅳ. Valuators: Zhao Yang, Zheng Shuo, Liu Shujing, Shen Xiaowei
Ⅴ. Evaluation Date: March. 30th, 2008 to March 31th, 2008
Ⅵ.Evaluation Report
Number:
STCPZi (2008A)05GA No.0018
Contents
Ⅰ. A Letter to the Consigner (1)
Ⅱ. Declaration of Valuators (2)
Ⅲ. Assumptions and Limitations to the Evaluation (3)
Ⅳ. Evaluation Result Report (4)
ⅰ.Consigner
ⅱ. Valuating part
ⅲ. Object of Evaluation
ⅳ. Purpose of Evaluation
ⅴ. Base Date of Evaluation
ⅵ. Definition of Value
ⅶ. Basis of Evaluation
ⅷ. Principle of Evaluation
ⅸ. Evaluation Method
x. Evaluation Results
xi. Valuators
xii. Evaluation Date
xiii. Period of Validity of the Evaluation Report
Ⅴ. Annex (8)
A Letter to the Consigner
Dear Tong Xin
Entrusted by you, our company has evaluated the real estate of Room 20A, Block B, World Trade Square, Fu Hong Road,Futian District, Shenzhen City in order to provide reference for you to learn the current market value .
Subject to evaluation purpose, our valuators have carried out field survey and market research abided by evaluation principles, strictly keeping to evaluation procedures and rational evaluation methods. Coupled with influences of the valuators’ experience and analysis on the affecting factors of property value, we finally conclude that the open market value of the aforesaid apartment on March 30th, 2008 is RMB Two Million, Eight Hundred Sixty Seven Thousand, Three Hundred Seventy Six (RMB2,867,376).
Refer to the following table for evaluation results.
List of Evaluation Results
Shenzhen Touchstone Real Estate Appraisal and Consultancy Co., Ltd.
(stamp)
Legal representative: (signet)
(Registered valuator)
March 31th,2008
Declaration of Valuators
We solemnly make the following declaration:
1. The facts stated by the valuators in the evaluation report are true and accurate.
2. The analysis, opinion and conclusion in the report are the valuators’ fair and professional analysis, opinion and conclusion, which, however, are limited by the assumptions and limitations stated herein.
3.The valuators are of no relation with the object of evaluation in the report and have no personal relation of interest or bias with the parties concerned.
4. The valuators analyze, form opinion, conclude and prepare the evaluation report according to the national standard—Code for Real Estate Appraisal.
5. The valuators have surveyed the object of evaluation in the report on the spot.
6. Several annexes are attached to the report, which are of equal effect with and shall be considered as an integral part of the text of the report.
7. No one has provided important professional help for the report.
Registered real estate valuator of China: (signature)
Assumptions and Limitations to the Evaluation
I. Assumptions of Evaluation
The value we evaluated is the open market value, namely the objective and reasonable price formed on the basis of the open market value standard.
The open market value standard denotes that the objective and reasonable price or value evaluated shall be the price formed most probably in the open market. The so-called open market denotes a competitive market on which purposes of all trades are to pursue economic benefits to the utmost extent; the traders have grasped all necessary market information, have abundant time to trade and necessary professional knowledge about their trade object. Besides, market trade conditions are open and are not exclusive, namely, all of main parties of the market may trade on a free and equal basis.
II. Limitations to the Evaluation Results
1．The property right of object of evaluation is subject to the Title Deed of the consigner.
2．Related data of the object of evaluation, such as floor area, which has not been measured by us on the spot, shall be subject to the Title Deed provided by the consigner.
3．Instead of having tested the structure as required, we have only general reconnaissance for the house; therefore we cannot determine whether there is defect inside.
4．The evaluated value is the open market value of the object on the base date of evaluation, including market price of land and estimated taxes and expenses during transfer, without consideration of the affecting factors of evaluation results such as fluctuation of market price, change of expense and tax ratio, liquidation upon mortgage due and forced punishment in the future.
5．Neither the limitations of the possible affecting factors of object value such as mortgage and guarantee nor influence of change of related economic policies of the State and other irresistible force have been considered in the report.
6．It shall be noticed that the evaluated price in the report shall be applied in a more prudential manner, as since the second half year of 2005, the price of Shenzhen real estate has tended to rise all along, in particular since the beginning of 2007, the market price has risen at an increasing speed, which has greatly added foam to real estate market.
7．The evaluation in the report is provided only for the purpose stated herein rather than other purposes.
8．The data provided by the consigner are the important basis of our evaluation and the consigner shall be responsible for authenticity and accuracy of the data. We will not be responsible for any consequence resulting from any misrepresentation in the data.
9．The content of the report shall not be published partially or wholly without permission of our company.
Evaluation Result Report
I. Consigner
Tong Xin
II. Valuator
Shenzhen Touchstone Real Estate Appraisal and Consultancy Co., Ltd.
Legal representative: Chen Ping
Qualification grade: Grade One Real Estate Evaluation Unit of the State (License Number: JFGZZi [2006] No.026); engaging in Evaluation of Land throughout the Country (Registered number: A200744001)
Address: Room 403 of Nanguang Building, Huafu Road No.1004, Shenzhen City
Telephone:（0755）83778788
III. Object of Evaluation
1. Status of Right of the Object of Evaluation
2. General Information of Object of Evaluation
IV. Purpose of evaluation
To provide reference for learning about the market value
V. Base date of evaluation
March. 30th, 2008
VI. Definition of value
The evaluated value denotes the objective and reasonable value of the evaluation object formed on evaluation date on the basis of the open market value standard and the assumptions and limitations to the evaluation.
VII. Evaluation Basis
1. Code for Appraisal of Real Estate GB/T50291-1999;
2. Related laws, rules and policies of Shenzhen City, Guangdong Province, Ministry of Land and
Resources, Ministry of Construction and the State Council;
3. Title Deed and other legal documents and related data provided by the consigner;
4. Investigation of market rental and sale price and related information of Shenzhen real estate
market;
5. Specific situation and data from field survey of the valuators
VIII. Evaluation Rules
1. Rule of legitimacy
2. Rule of “ highest and best use”
3. Rule of substitution
4. Rule of evaluation base date
IX. Evaluation Method and Course
1. Evaluation method
As the real estate market of the area where the object is located is active and comparable examples are available, valuators have selected the market comparison method as the basic method of the evaluation to arrive at the value of the object after data analysis and field survey of the object through repeated research following the Code for Appraisal of Real Estate and according to features and specific situation of the object.
The market comparison method is an evaluation method to compare the object of evaluation with similar real estates traded recently and to arrive at the objective and reasonable price of the object by amending the known prices of similar real estates.
2. Calculation Course
After market research, valuators have selected the following three trade cases as the comparison samples since they are in close trade time and share same purposes and similar section area.
Price Calculation Table
Evaluated price of the object of comparison=Total of (amended price of each compared real estate×comparison weight)=14,100 Yuan/square meter
X. Validity of Evaluation Report
Period of validity of the report is one year without great fluctuation of market during the period (from March. 31th, 2008 to March 30th, 2009). In case of great fluctuation of the market or exceeding one year, the object shall be revaluated.
XI. Valuators
Surveyor: Zheng Shuo Signature:
Valuator: Zhao Yang Liu Shujing Signatures:
Telephone: 0755-********
Auditor: Shen Xiaowei Signature:
Telephone: 0755-********
Annex
ⅰ. Duplicate of Location Sketch Map of the Object of Evaluation
ⅱ. Duplicates of Related Pictures
ⅲ. Duplicate of Title Deed
ⅳ. Duplicates of Business License and Evaluation Certificate of Evaluation Unit