Annual Report 2009 - Greentown China Holdings Limited
Annual Report 2009 - Greentown China Holdings Limited
Annual Report 2009 - Greentown China Holdings Limited
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Valuation <strong>Report</strong> and Analysis<br />
3. As at the date of valuation, the State-owned Land Use Rights Certificate of the property with a site area of approximately<br />
182,404 sq.m. out of the total 246,126 sq.m. has not been obtained yet. However, for referencing purpose, we have valued the<br />
property on the assumption that all of the valid State-owned Land Use Rights Certificates of the property have been issued<br />
to the property, all land premium, related fees for the grant of the certificate and costs necessary to render the site ready for<br />
immediate development have been fully settled.<br />
4. As at the date of valuation, the State-owned Land Use Rights Certificate of the property with a site area of approximately<br />
53,379 sq.m. out of the total 146,756 sq.m. has not been obtained yet. However, for referencing purpose, we have valued the<br />
property on the assumption that all of the valid State-owned Land Use Rights Certificates of the property have been issued<br />
to the property, all land premium, related fees for the grant of the certificate and costs necessary to render the site ready for<br />
immediate development have been fully settled.<br />
5. As at the date of valuation, the State-owned Land Use Rights Certificate of the property has not been obtained yet. However,<br />
for referencing purpose, we have valued the property on the assumption that all of the valid State-owned Land Use Rights<br />
Certificates of the property have been issued to the property, all land premium, related fees for the grant of the certificate and<br />
costs necessary to render the site ready for immediate development have been fully settled.<br />
6. As at the date of valuation, the State-owned Land Use Rights Certificate of the property has not been obtained yet. However,<br />
for referencing purpose, we have valued the property on the assumption that all of the valid State-owned Land Use Rights<br />
Certificates of the property have been issued to the property, all land premium, related fees for the grant of the certificate and<br />
costs necessary to render the site ready for immediate development have been fully settled.<br />
7. As at the date of valuation, the State-owned Land Use Rights Certificate of the property has not been obtained yet. However,<br />
for referencing purpose, we have valued the property on the assumption that all of the valid State-owned Land Use Rights<br />
Certificates of the property have been issued to the property, all land premium, related fees for the grant of the certificate and<br />
costs necessary to render the site ready for immediate development have been fully settled.<br />
8. As at the date of valuation, the State-owned Land Use Rights Certificate of the property has not been obtained yet. However,<br />
for referencing purpose, we have valued the property on the assumption that all of the valid State-owned Land Use Rights<br />
Certificates of the property have been issued to the property, all land premium, related fees for the grant of the certificate and<br />
costs necessary to render the site ready for immediate development have been fully settled.<br />
9. As at the date of valuation, the State-owned Land Use Rights Certificate of the property has not been obtained yet. However,<br />
for referencing purpose, we have valued the property on the assumption that all of the valid State-owned Land Use Rights<br />
Certificates of the property have been issued to the property, all land premium, related fees for the grant of the certificate and<br />
costs necessary to render the site ready for immediate development have been fully settled.<br />
10. As at the date of valuation, the State-owned Land Use Rights Certificate of the property has not been obtained yet. However,<br />
for referencing purpose, we have valued the property on the assumption that all of the valid State-owned Land Use Rights<br />
Certificates of the property have been issued to the property, all land premium, related fees for the grant of the certificate and<br />
costs necessary to render the site ready for immediate development have been fully settled.<br />
11. As at the date of valuation, the State-owned Land Use Rights Certificate of the property has not been obtained yet. However,<br />
for referencing purpose, we have valued the property on the assumption that all of the valid State-owned Land Use Rights<br />
Certificates of the property have been issued to the property, all land premium, related fees for the grant of the certificate and<br />
costs necessary to render the site ready for immediate development have been fully settled.<br />
12. As at the date of valuation, the State-owned Land Use Rights Certificate of the property has not been obtained yet. However,<br />
for referencing purpose, we have valued the property on the assumption that all of the valid State-owned Land Use Rights<br />
Certificates of the property have been issued to the property, all land premium, related fees for the grant of the certificate and<br />
costs necessary to render the site ready for immediate development have been fully settled.<br />
13. As at the date of valuation, the State-owned Land Use Rights Certificate of the property has not been obtained yet. However,<br />
for referencing purpose, we have valued the property on the assumption that all of the valid State-owned Land Use Rights<br />
Certificates of the property have been issued to the property, all land premium, related fees for the grant of the certificate and<br />
costs necessary to render the site ready for immediate development have been fully settled.<br />
230<br />
<strong>Greentown</strong> <strong>China</strong> <strong>Holdings</strong> <strong>Limited</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2009</strong>