THE LEGAL REQUIREMENTS OF APPROPRIATE HERITAGE PROPERTY VALUATION METHOD

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Junainah Mohamad ◽  
Suriatini Ismail ◽  
Abdul Rahman Mohd Nasir
Keyword(s):  
Public Service ◽  
Thematic Analysis ◽  
Reliable Method ◽  
Economic Indicator ◽  
Property Value ◽  
Legal Requirements ◽  
Legal Documents ◽  
Property Valuation ◽  
Valuation Method ◽  
International Laws

Heritage property value is an important economic indicator to a country. Thus, it is imperative that the value is derived from an accurate and reliable method of valuation. However, in Malaysia, there are no specific standards that can be referred to for conducting an assessment for heritage property valuation. Thus, this paper fills the gap by reviewing five provisions of the Malaysian laws and four provisions of the international laws that are related to heritage property valuation. Thematic analysis of the documents is undertaken by using five keywords that relate to heritage property valuation, namely: definition, factors, method, procedure and type of values. Out of nine legal documents analysed, Valuation of Specialised Public Service Assets has the most information needed as a guidance for heritage property valuation.

scholarly journals A Review of the Impact of Green Building Certification on the Cash Flows and Values of Commercial Properties

2020 ◽  
Vol 12 (7) ◽  
pp. 2729 ◽  
Author(s):  
Niina Leskinen ◽  
Jussi Vimpari ◽  
Seppo Junnila
Keyword(s):  
Green Building ◽  
Cash Flows ◽  
Commercial Real Estate ◽  
Property Value ◽  
Real Estate Markets ◽  
Property Valuation ◽  
Valuation Method ◽  
Strong Focus ◽  
Green Certificates ◽  
The Impact

This study aims to review empirical research concerning the impact of green certificates on property cash flows and values, particularly from professional property investors’ perspective. The study uses discounted cash flows (DCF), a widely used property valuation method in income-generating properties, as a methodological framework. In this study, over 70 peer-reviewed studies were identified, categorized, and analyzed in the DCF framework. The reviewed studies indicated that certificates might increase the rental income and decrease the operating expenses, vacancy, and risks of a property. Together with the brand value of certificates, these enhancements should lead to an increase in property value. The number of studies has grown rapidly during the 2010s. Lately, studies have developed from asset-level to portfolio-level examinations. Although the reviewed studies found certification to be beneficial, the range of reported benefits was wide, and over half of the studies concentrated on U.S. commercial real estate markets, with a strong focus on LEED and ENERGY STAR certificates. From a property valuation perspective, applying these results to other markets and certificates might be challenging. Property values that fully reflect the environmental performance of properties would be a key to motivate mainstream investors to adopt sustainable property features.

scholarly journals Administrative Law Aspects of Bringing Employees of Prosecution Authorities to Disciplinary Liability

2020 ◽  
Vol 12 ◽  
pp. 59-61
Author(s):  
Vladilen V. Strelnikov ◽  
Keyword(s):  
Law Enforcement ◽  
Public Service ◽  
Administrative Law ◽  
Practical Implementation ◽  
Scientific Article ◽  
Legal Analysis ◽  
Law Enforcement Agencies ◽  
Legal Norms ◽  
The Public ◽  
Legal Documents

The scientific article analyses issues related to the practical implementation of legal norms governing the procedure for disciplinary liability of prosecutors. A theoretical analysis of the interpretations of disciplinary responsibility in the public service formulated by leading legal scholars was carried out. A comparative legal analysis has been carried out of the regulations governing the procedure for the imposition of disciplinary penalties in State bodies, including law enforcement agencies and the legal documents governing these issues in the prosecutor’s office.

Legal Challenges on Developing Education Policy for Immigrants in Turkey

2018 ◽  
pp. 242-260
Author(s):  
Mehmet Durnalı ◽  
Barış Eriçok
Keyword(s):  
Education Policy ◽  
Main Part ◽  
Action Plans ◽  
Legal Basis ◽  
Problem Statement ◽  
Legal Documents ◽  
Legal Challenges ◽  
International Laws ◽  
Republic Of Turkey ◽  
And Training

The aim of this study is to present one of conceptual issues in the context of legal challenges on comprehensive and accurate policies for education vital to be developed and executed ensuring that immigrants in Turkey can be trained and educated very efficiently, in other word, it aims to emphasize main legal basis of immigrants in Turkey and education or training references in those legal documents. Firstly, introduction part provides an overview of concept of main themes from different holistic perspectives systematically referring to literature. Furthermore, problem statement of current study is emphasized subsequently. In main part, firstly, main outline of special national and international laws, regulations, signed action plans, protocols and other policies concerning just directly refugees and immigrants after the establishment of Republic of Turkey will be put forwarded and secondly they will be analyzed and discussed in terms of themes referring to education and training of immigrants.

The property market, property valuations and property performance measurement

1985 ◽  
Vol 112 (1) ◽  
pp. 19-60 ◽  
Author(s):  
David P. Hager ◽  
David J. Lord
Keyword(s):  
Mathematical Model ◽  
Mathematical Models ◽  
Performance Measurement ◽  
The Other ◽  
Property Market ◽  
Institutional Investment ◽  
Property Valuation ◽  
Valuation Method ◽  
Property Performance

1.1. The Institute has discussed papers on most aspects of institutional investment in recent years, with the notable exception of property. This is not due to the lack of importance of this investment sector to pension funds and life offices, but perhaps to the greater role of actuaries (rather than surveyors) in the other investment media and to the interest in mathematical models for gilts and equities.1.2. In this paper we have not tried to produce a mathematical model of the property market, a new valuation method for property or solutions to the extensive problems of property performance measurement and indices. We have, however, tried to pull together, in a single paper, the volumes of material on the property market and property valuation methods. We have also tried to set down some of the pitfalls of property performance measurement, which often tend to be overlooked in the relentless pursuit for more statistics in this important area.

scholarly journals VALUE INFLUENCING MECHANISM OF GREEN CERTIFICATES IN THE DISCOUNTED CASH FLOW VALUATION

2014 ◽  
Vol 18 (3) ◽  
pp. 238-252 ◽  
Author(s):  
Jussi Vimpari ◽  
Seppo Junnila
Keyword(s):  
Cash Flow ◽  
Scientific Literature ◽  
Property Value ◽  
Discounted Cash Flow ◽  
Property Valuation ◽  
Valuation Model ◽  
Influencing Mechanism ◽  
Green Certificates ◽  
Industry Professionals ◽  
Discounted Cash Flow Valuation

The market value of green properties is already acknowledged in scientific literature, but it has still remained unclear how green certificates are incorporated into property valuation. In this study, value influencing mechanism of green certificates in property investment is studied. A widely used discounted cash flow (DCF) model for property valuation was constructed and communicated with spreadsheet to industry professionals for valuing an office property in metropolitan Finland. The goal was to understand the value influencing mechanism and even deeper to identify the differences in DCF parameters between certified properties and non-certified properties. The results show that a green certificate increases on average the property value with 9.0% in the DCF valuation model. Improved yield and net rental income were the main reasons for the higher property value. Interestingly, this is the first known study to empirically open the value influencing mechanisms of green properties presented in earlier theoretical studies.

scholarly journals VALUATION OF AERONAUTICS AND SPACE TECHNOLOGY AT LAPAN

2019 ◽  
Vol 4 (01) ◽  
pp. 1
Author(s):  
Erni Br Simanjuntak ◽  
Gede Harja Wasistha
Keyword(s):  
Intellectual Property ◽  
Jel Classification ◽  
Competitive Advantages ◽  
Space Technology ◽  
Property Market ◽  
Capital Theory ◽  
Property Valuation ◽  
Quantitative And Qualitative Research ◽  
Valuation Method ◽  
The Cost

<p><em>New challenges arises for government institutions engaged in research and engineering to continuously innovate and develop technologies that have competitive advantages and provide income for the country through royalty from licensed technology. This research carried out to valuate the aeronautics and space technology. The objective of the study is to develop appropriate intellectual property valuation methods. This research is a case study utilizing sequential mix method which is the combination of quantitative and qualitative research. By using intellectual capital theory, this research-broaden the literatures on the technology valuation in the field of aeronautics and space. This study fills research gap on the existing technology valuation method that is still partially conducted by government research and development. </em></p><p><em>This study discusses the value of intangible assets and licenses from intellectual property that are calculated through three valuation approaches, such as cost-based approach, income-based approach, and market-based approach. The results of the study show that the most appropriate intellectual property valuation method are the cost-based approach and income-based approach.</em></p><p><strong><em>JEL Classification: </em></strong><em>O30, O31, O33</em><strong></strong></p><strong><em>Keywords</em></strong>: <em>Cost Based Approach,</em><em> Income Based Approach, Intellectual Property, Market Based Approach, Sequential Mix Method </em>

scholarly journals El régimen de los medios de comunicación en Italia. El sistema de radio y televisión: ¿una anomalía en el contexto comparado?

2015 ◽  
pp. 459
Author(s):  
Giorgia Pavani
Keyword(s):  
Public Service ◽  
The Other ◽  
Comparative Perspective ◽  
Public Service Broadcasting ◽  
Media System ◽  
El Sistema ◽  
International Laws ◽  
New Challenges ◽  
Medios De Comunicacion

El artículo ofrece una panorámica de los medios de comunicación en Italia con una atención particular al servicio público de radio y televisión y sus nuevos desafíos, a fin de determinar si se respetan los principios de independencia y neutralidad recogidos en la normativa estatal, europea e internacional. El análisis da cuenta también de los resultados de otras ciencias no jurídicas desde una perspectiva interdisciplinar y comparada.The paper analyzes the Italian media system with a focus on public service broadcasting and his new challenges, to verify if they observe the principles of independence and impartiality fixed in the national, european and international laws. The analysis considers also the other sciences results in a interdisciplinary and comparative perspective.

COMMERCIAL LEISURE PROPERTY VALUATION: A COMPARISON OF THE CASE STUDIES IN UK AND LITHUANIA

2010 ◽  
Vol 14 (1) ◽  
pp. 35-48 ◽  
Author(s):  
Vida Maliene ◽  
Steponas Deveikis ◽  
Louise Kirsten ◽  
Naglis Malys
Keyword(s):  
Case Studies ◽  
Investment Decision ◽  
Individual Case ◽  
Open Market ◽  
Property Development ◽  
Factors Affecting ◽  
Property Valuation ◽  
Valuation Method ◽  
Valuation Process ◽  
The Uk

The development of leisure as an economic activity has come into focus over the last century. Nowadays, a commercial leisure property has gained an important role within the total spectrum of world economies. Despite these developments in the leisure sector, the valuation of property for the purpose of commercial leisure is still regarded as an Achilles’ heel. The accepted approach to the property valuation in UK is to perform an open market valuation for the existing use. However, for the specialized properties including leisure assets, the distinctive valuation methodology has to be applied. This paper outlines the principles of methodology that are commonly used for the valuation of leisure property in the UK, Lithuania and other countries. Factors affecting the valuation process with respect to the property development and investment decision are discussed. The study is accompanied with examples of valuation method applications and analyses of individual case studies of golf course valuation. Santruka Per pastaraji šimtmeti laisvalaikio vystymas tapo reikšminga ekonomikos veiklos sritis. Šiuo metu laisvalaikio verslo nekilnojamasis turtas vaidina svarbu vaidmeni pasaulio šaliu ūkineje veikloje. Nepaisant laisvalaikio sektoriaus išsivystymo, nekilnojamojo turto vertinimas laisvalaikio verslo srityje vis dar yra silpnas. JK priimtas nekilnojamojo turto vertinimo būdas pagristas atviros rinkos vertinimu pagal turto paskirti. Tačiau specializuotam nekilnojamajam turtui, taip pat ir laisvalaikio, išskirtinis vertinimo metodas turi būti taikomas. Šiame straipsnyje apibūdinami principai, kurie taikomi laisvalaikio nekilnojamojo turto vertinimui JK, Lietuvoje ir kitose šalyse. Straipsnyje nagrinejami veiksniai, kurie daro itaka vertinimo procesui, kai nekilnojamasis turtas vertinamas vystymo ar investavimo tikslais. Tyrime pateikti golfo aikštynu vertinimo metodu ir analizes pavyzdžiai.

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