Shanghai XXX residential project covers a land area of about 100,000 square meters. The project, which is developed in two phases, mainly contains apartments and townhouses. The subject of this assign- ment includes the completed but unsold units of phase I and the on-going project of phase II. In February 2017, we were entrusted to appraise the mortgage lending value of the subject as a reference for mortgage lending.
Our appraisers prepared the analysis report based on careful market investigation, providing profess- ional advices for the financial institution. After multiple on-site inspections, we adjusted the value opinion based on the project work accomplishment. As a result, we offered a value reference to the client and the financial institution to modifying the financing plan.