| Article ID: | iaor200938043 |
| Country: | United Kingdom |
| Volume: | 8 |
| Issue: | 234 |
| Start Page Number: | 176 |
| End Page Number: | 189 |
| Publication Date: | Mar 2007 |
| Journal: | International Journal of Management and Decision Making |
| Authors: | Mak Stephen W, Liu Yvonne Y T |
| Keywords: | financial |
This paper describes a project research regarding the use of the Hedonic Price Model (HPM) for mass real property appraisal. This project aims at developing a series of HPM equations for a major Hong Kong real estate surveyor. The main housing estates in Hong Kong are based on historical transaction data and other value‐added property attributes. The outcomes meet with the stringent requirement of professional property appraisers in Hong Kong. On top of nominal HPM equation valuation figures, two indices will be used to qualify them to the satisfied valuation.