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Library's collection Library's IT development CancelLand contamination could be a problem in an investment because it can
decrease the value of investment. This can be caused by the following: uncertainty
in the process of cleaning, the cost that arise and law obligations.
In valuing contaminated land and property, the valuer is expected to have
environmental datas which can be used when valuing contaminated land and
property. Those environmental datas are general information, contaminated
information, treatment information, and valuation information.
The approaches that are used for valuing are: firstly, cost to correct
approach which takes an uncontaminated value figure, using either the invesment
method or comparative method, and deducts remediation costs. The end result is
the contaminated value.
Secondly, the explicit Discounted Cash Flow approach. Valuer is expected
to consider a few factors that affect the valuation. Those factors are knowledge of
contaminated land treatment techniques, cost estimates, cost changes, the
forecasting of future rent, capital flows and depreciation, and also not forgetting to
include stigma valuation in the valuation report.
Those approach used for valuing contaminated land and property are
expected to yield valuable because contaminated land can be turned to usable
land.