Chinese Neutral Real Estate Appraisal FirmRichard Cai, CCIM · Report Format Sample 中文

Real Estate Appraisal Report · De-identified Format Sample

What does a formal appraisal report
contain, section by section?

This page uses a de-identified sample to present the full chapter structure and summary fields of a narrative-format appraisal report, prepared in line with the national association's narrative report template — for anyone considering a formal appraisal.

Narrative reportMarket Value of LandValued as if vacantComparison + Land Development Analysis

De-identification notice: The client, owners, parcel numbers and address, report number, appraiser certificate numbers, dates, area, figures and all images have been removed, generalized, or replaced with sample values. Nothing here maps to any specific property or actual assignment, and it is not the value conclusion of any case. This page illustrates report format and structure only.


Report summary page

Summary field format (sample)

The summary page at the front of a formal report states the engagement, the subject property, the valuation premise and the value conclusion in fixed fields. Below is a de-identified example.

Appraisal Report Summary

Report number, client, and appraiser signature appear in the formal report; this sample uses placeholders or sample values throughout

Report No.
(stated in formal report)
Client
A social-welfare foundation (sample)
Subject
Residential-zone land, established urban district, northern Taiwan (several parcels)The formal report states the section, parcel numbers, building number and address
Zoning
Residential (sample)
Site area
~250 pingsample value
Purpose
Reference for land market value
Value type
Market Value
Valuation date
(a specific date)reflects the market on that date
Inspection date
(a specific date)
Special condition
Per the client's instruction, the existing building is disregarded; land is valued "as if vacant"
Methods used
Comparison Approach; Land Development Analysis
Other rights
None (sample)
Value conclusion (sample values)SAMPLE
Land unit priceNT$167,000 /ping
Total land valueNT$41,750,000

Report structure

The table of contents of a full report

Following the national association's narrative template, a formal report typically covers these five parts. This is a structural outline only, with no actual case content.

I. Preface

  1. Statement of appraisal independence
  2. Basic declarations of the report
  3. Limiting conditions of use

II. Basic engagement details

  1. Client
  2. Basic data of the subject
  3. Valuation date and inspection date
  4. Value type and appraisal conditions
  5. Purpose of the appraisal
  6. Conflict-of-interest statement
  7. Site inspection findings
  8. Sources of appraisal data

III. Value-forming factor analysis

  1. General factors (macroeconomy, business cycle)
  2. Regional factor analysis
  3. Individual factor analysis
  4. Highest-and-best-use analysis
  5. Land value increment tax estimate

IV. Value estimation

  1. Selection of methods
  2. Estimation process
    1. Comparison approach
    2. Land development analysis
  3. Reasoning for the value decision (reconciliation)
  4. Value conclusion

V. Supporting materials

  1. Appraiser's credentials
  2. Location, aerial and zoning maps of the subject
  3. Location maps of subject and comparables
  4. Photographs of subject and comparables
  5. Land register, cadastral map, and zoning certificate
  6. Land value and increment-tax analysis table
  7. Other technical appendices (e.g. construction-cost adjustment)

Appraisal process

The six stages behind the report

1

Confirm engagement & scope

Define the subject, purpose, valuation date, value type and special conditions.

2

Title & regulatory review

Check the land register, urban planning, use controls and other rights.

3

Site inspection

Observe road frontage, topography, current use and surroundings.

4

Market data collection

Select land and new-build sale comparables comparable to the subject.

5

Method calculation & checking

Apply the comparison approach and land development analysis, cross-checking results.

6

Reconciliation & conclusion

Explain the weighting by data reliability and method fit, and form the value opinion.


Value estimation

Two methods and reconciliation (sample values)

The report cross-checks value with two or more methods, then explains the weighting and reconciles the final figure. All values below are illustrative.

Comparison Approach

Sales Comparison Approach

Select comparable land sales; adjust item by item for transaction circumstances, date, and regional and individual factors; then weight to indicate the subject's unit price.

Indicated price (sample)NT$166,000/ping

Land Development Analysis

Residual Method

Estimate the gross sales value of a reasonable completed development, then deduct construction, design, marketing, management, taxes, interest and profit to back out the land value.

Indicated price (sample)NT$168,000/ping

Reconciliation: 166,000 × 50% + 168,000 × 50% = NT$167,000/ping → sample total ~ NT$41,750,000 (167,000 × 250 ping)


Declarations & limiting conditions

Limits on use of the report (template highlights)

The preface of a formal report states the appraiser's independence, basic declarations and limiting conditions. The following are common limiting points from the narrative template, to show the boundaries of a report's applicability:

  1. The conclusion serves only the purpose stated in the report; a change of purpose may change the figure.
  2. The result reflects the market on a specific valuation date, not a real-time price.
  3. The conclusion holds under the report's stated assumptions and conditions (e.g. valued as if vacant).
  4. No part of the report may be made public without the appraiser's written consent.
  5. The value of the whole property may not be split by ownership share and applied to other appraisals.

This page is an illustrative sample of format and structure. It does not constitute a value opinion on any specific property and must not be used as a basis for transaction, financing, tax, litigation or other decisions. Actual assignments should be handled by a real estate appraiser according to the specifics of each case.

For international clients

Valuation for foreign nationals in Taiwan

English-language appraisal and bilingual reports for foreigners, expatriates and overseas companies with interests in Taiwan.

Real estate appraisal

Land, residential, commercial and defective property in Taiwan — for purchase, financing, tax, litigation or inheritance.

Asset valuation

Real estate and income-producing or business-related assets, valued with an explainable, market-based approach.

Intangible asset valuation

Trademarks, patents, goodwill and other intangible assets, for transactions, accounting, tax or dispute purposes.

Bilingual reports

Every report can include an English executive summary so overseas stakeholders understand the conclusion at a glance.

Need a formal appraisal

Need a complete, explainable formal appraisal report?

This page explains report format and structure only. If you have a land, income-property, aged-building, defective-property or family-succession appraisal need, you are welcome to contact Richard Cai. Scope and required materials are confirmed before any formal appraisal begins.