tỷ lệ kèo bóng đá 88 Experts: Separate Valuation Standards Needed for Each Real Estate Segment

(VTC News) - Experts emphasize that in order to accurately determine land prices, it is necessary to issue separate valuation standards for different real estate segments.

At a thematic seminar titled “Land Valuation – A Key to Sustainable Real Estate Market Development” held on June 12, TS Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association (VNREA), noted that real estate prices in the market change rapidly, while the process of data collection, valuation, tỷ lệ kèo bóng đá 88 approval of specific land prices often takes several months. By the time official land price decisions are issued, market conditions may have already changed, disrupting developers’ financial plans.

Another major challenge lies in the quality of input data. In practice, issues such as underreported transaction values, off-the-book deals, tỷ lệ kèo bóng đá 88 fragmented data across tax authorities, notary offices, land administration agencies, banks, tỷ lệ kèo bóng đá 88 trading platforms still exist.

“No real data means no real market price,” Mr. Khoi emphasized.

Experts also pointed to the reluctance of responsibility among consulting organizations, valuation units, tỷ lệ kèo bóng đá 88 approving authorities. If land is undervalued, it may lead to concerns over losses of public assets; if overvalued, projects may become financially unfeasible, preventing implementation tỷ lệ kèo bóng đá 88 limiting housing accessibility.

In addition, many emerging real estate segments such as condotels, officetels, data centers, green industrial real estate, logistics facilities, tỷ lệ kèo bóng đá 88 long-term rental housing still lack dedicated valuation standards.

Therefore, TS Nguyen Van Khoi proposed issuing separate valuation frameworks for each real estate category, including commercial housing, social housing, rental housing, industrial parks, logistics, tourism real estate, office buildings, shopping centers, agricultural real estate, tỷ lệ kèo bóng đá 88 future-formed assets. Each category should have appropriate formulas for cash flow, risk coefficients, capital costs, occupancy rates, payback periods, tỷ lệ kèo bóng đá 88 profit margins.

For social housing, rental housing, tỷ lệ kèo bóng đá 88 worker accommodation, valuation mechanisms should be designed with a social welfare orientation, rather than purely commercial pricing logic.

“If borrowing costs tỷ lệ kèo bóng đá 88 procedural requirements are calculated as for commercial housing, it is impossible to achieve affordable prices for low- tỷ lệ kèo bóng đá 88 middle-income groups,” he stressed.

Sharing the same view, Nguyen The Phuong, Vice Chairman tỷ lệ kèo bóng đá 88 Head of the Research tỷ lệ kèo bóng đá 88 Technology Transfer Committee of the Vietnam Valuation Association, also supported the development of separate valuation standards for different segments such as commercial housing, social housing, worker housing, tourism real estate, offices, shopping centers, agricultural real estate, tỷ lệ kèo bóng đá 88 emerging asset classes. Each segment should adopt valuation methods based on cash flow characteristics, capital costs, tỷ lệ kèo bóng đá 88 risk levels.

For social housing tỷ lệ kèo bóng đá 88 worker rental housing, valuation mechanisms should prioritize social objectives rather than purely commercial approaches.

He also proposed the development of a national real estate price database with interconnection across land management, taxation, notarization, banking, real estate trading platforms, auctions, tỷ lệ kèo bóng đá 88 construction licensing systems to ensure more accurate reflection of actual market transaction prices.

Mr. Phuong further highlighted ongoing challenges in land valuation, particularly delays in data collection, appraisal, tỷ lệ kèo bóng đá 88 approval processes. By the time valuation decisions are issued, market conditions may have shifted significantly, affecting business financial plans.

Another issue is the lack of reliable market data, including under-declared transaction prices tỷ lệ kèo bóng đá 88 incomplete datasets, which complicates valuation efforts.

He also noted the “risk-averse mindset” among consultants, valuation firms, tỷ lệ kèo bóng đá 88 approving agencies. Undervaluation may risk losses of state assets, while overvaluation may reduce market liquidity, hinder project implementation, tỷ lệ kèo bóng đá 88 limit housing access.

In addition, the lack of clear distinction in valuation purposes—such as land use fee calculation, compensation, auctions, bank collateral, transfers, or equitization—creates further inconsistencies in application.

Regarding land price adjustment coefficients, Mr. Phuong stated that the difficulty in quantifying influencing factors such as market fluctuations, planning changes, tỷ lệ kèo bóng đá 88 infrastructure conditions continues to create challenges for local authorities in implementation.

(Source:)