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CALCULATION AND BALANCE OF BENCHMARK LAND PRICE

Hui Yin

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Abstract

The benchmark land price refers to an average price of different class at normal market,at some specific time point,in different utilization,one fixed year's volume ratio.Due to some variation in connotation,selection of parameters,means and assessors during evaluating the benchmark land price,it is difficult to compare the benchmark land prices in different locations with big influence over land market,thus necessitating a balanced land price.This paper,based on a case study of Dandong city,illustrates how to calculate the balanced benchmark land price from components and spatial balance.

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What this paper is about

The benchmark land price refers to an average price of different class at normal market,at some specific time point,in different utilization,one fixed year's volume ratio.Due to some variation in connotation,selection of parameters,means and assessors during evaluating the benchmark land price,it is difficult to compare the benchmark land prices in different locations with big influence over land market,thus necessitating a balanced land price.This paper,based on a case study of Dandong city,illustrates how to calculate the balanced benchmark land price from components and spatial balance.

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Available abstract

The benchmark land price refers to an average price of different class at normal market,at some specific time point,in different utilization,one fixed year's volume ratio.Due to some variation in connotation,selection of parameters,means and assessors during evaluating the benchmark land price,it is difficult to compare the benchmark land prices in different locations with big influence over land market,thus necessitating a balanced land price.This paper,based on a case study of Dandong city,illustrates how to calculate the balanced benchmark land price from components and spatial balance.

Key concepts: Benchmark (surveying), Connotation, Land price, Balance (ability), Point (geometry), Selection (genetic algorithm), Econometrics, Computer science

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