Necessity of industrial zone land price appraisal

As a resource-rich country with abundant and cheap labor force, investment, expansion and development of industrial zones, export processing zones are considered one of the right spearheads to develop our countrys economy. The current. However, in order to be able to build these industrial zones, it is required that we calculate and consider many important issues including the appraisal of land prices for industrial parks to be built. What is the reason why this assessment is so necessary?

First of all, the land price appraisal in industrial zones will help investors and individuals with land know the exact value of the land. From there, there will be the best plan, compensation and support for those whose land is acquired to help them hand over their land safely. Because of that, the progress of site clearance and construction of industrial zones will be faster and on schedule.

Land price appraisal in industrial zones is essential

On the other hand, this appraisal is also the basis for the State or the investor to come up with appropriate land lease policies to encourage businesses to rent land, build factories ...

In addition, the appraisal of land prices in industrial zones is also a premise for the State to have grounds to adjust, propose appropriate policies, bring more benefits to investors as well as businesses.

Thus, the appraisal of industrial zone land prices plays a very important role. It is considered an indispensable step and job in the process of building and developing industrial parks in our country as well as other countries in the world.

Difficulties in appraising land prices for industrial zones today

Currently, the appraisal of prices in general and appraisal of land prices in industrial zones in particular still face many problems and shortcomings that significantly affect the appraisal situation across the country.

First of all, the provisions of the Law of our country in this field still have no specific and clear regulations. There are still overlaps among the States normative documents, causing conflicts in the process of land price appraisal in industrial zones. This contradiction can be found in the very provisions of the Ordinance on Real Estate Pricing and Valuation which are stipulated in the Law on Real Estate Business.