| The capability of non-renewable, storing and increasing value of land usingrights makes it effectively release the credit risk of borrowers as warrantee. At present,real estate mortgage loan is the main form of commercial banks to provide loans, andits normal operation has great significance for protecting bank assets safety andproviding the necessary finance for enterprises. Therefore, how to valuate areasonable value of the land using rights mortgage and provide a reference for thebanks to determine the amount of mortgage loans have been to a big issue which bothlenders and borrowers are concerned.Due to technical and moral deficiencies exist in security assessment practicesunfair objective valuation result, overestimate the value of collateral assets of thephenomenon, to a certain extent, promoted the formation of non-performing loans.This article draws on the existing research results, trying to find operational appraisalmethods. First discuss the concept, propose and economic behavior of the mortgagevalue appraisal of land using rights, introduce the three main valuation type andmethods of land using rights value appraisal, analyze the feasibility of variousmethods to achieve the mortgage value of land using rights under determined purposeand value type. Then, we adjust the hypothetical development method and using DCFapproach in an assessment case of residential land using rights. Finally we summarizethe existing problems of domestic valuation practices of land use rights mortgagevalue and put forward the improvement proposal.This paper argues that hypothetical development method is reasonable andsuitable for land use right mortgage valuation. But due to the use of the realization ofvalue types and valuation methods is subject to objective market conditions, therefore,the valuers should be based on the reality of market conditions to select the valuationtype and appraisal method when appraisal the mortgage value of land use rights. |
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