Case 3     Preliminary land cost verification for Shanghai Disney Resort Phase I


On 4thNovember 2009, Shanghai Disney Resort project was approved, and later in August 2009, our company was assigned by Pudong Development and Reform Commission to verify the plot coverage of Disney Phase I, which was confidential at that time.


Rarity of the project location; qualitative and quantitative analysis of the influence of planning restric- tions, construction requirements and repurchase conditions on land value.