part 6 principles and practice of property valuation part 6 principles and practice of property valuation contents paragraphs page 1 4 supply and demand 140 141 5 6 possible values ...
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...Part principles and practice of property valuation contents paragraphs page supply demand possible values landed properties methods site reports the market sales one dominant feature in hong kong is that total land by large fixed although reclamation can provide marginal increases another government s dual role hksar both regulator biggest landowner its policies affect considerably a third side relative inelasticity whenever there substantial developers will start to build new buildings meet as it generally takes few years construct cannot be satisfied immediately if economic conditions continue favourable increase further prices rise other join however at some stage catch up with or even surpass then fall boom bust cycle thus common following are factors for political stability an important consideration international city affected situation oil movements us interest rates state world economy wars terrorist attacks etc all therefore indices particularly gross domestic product unemploy...