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Property

Open market value

In the realm of finance, we often come across the term 'best price'. This refers to the highest amount that can be obtained for a property when it is sold under fair and unbiased conditions. It is determined by taking into account the market value and any relevant legal assumptions. In simpler terms, it is the most optimal price that can be expected for a property at the time of its valuation.

Urban centers

In the realm of urban development, cities were traditionally categorized into groups, namely A, B, and C. As part of this classification, a limit was imposed on the maximum ...

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Bare shell

A bare shell refers to the state of a property after construction has been completed, and basic building services have been installed. This includes flooring options such as...

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Anchor tenant

In the retail industry, anchor stores play a vital role in attracting shoppers to a shopping center. These are typically large department or variety chainstores, strategical...

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Effective rent

Understanding the financial terms related to leasing property is crucial for occupiers. One such term is the gross rent, which accounts for the base rent, maintenance charge...

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