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A Comparative Study of Real

Estate

Valuation

in Mainland China

and Taiwan

Fung- Y

J"

ao

Chen

Abstract

Due to differences in land ownership systems, there exits variant recognition and operation on real estate value between Mainland China and Taiwan. This

paper will compare the Act of land assessment in the public sector and the regulation of land valuation in private sector. For example, in Mainland China, the use of the scientific method to monitor the level of land value is an

excellent approach for land policy, and the method of lot assessment in Taiwan

is an efficient method that allow mass appraisal for public sector particularly

for the collection of land taxes. However, both Mainland China and Taiwan should pay attention to both income and comparative approachs, so that the factor of land speculation can be excluded. Finally, the paper suggests that both sides of the Taiwan strait should establish the database for more reasonable

valuation.