Visualisation and dissemination of 3D valuation units and groups – An LADM valuation information compliant prototype

Abstract

The timely and effective dissemination of property values is an essential part of a transparent and efficient property valuation system. Over the last decade, web-based data-sharing systems have been increasingly used for the dissemination of assessed property values. 3D valuation units (e.g., condominium) and groups (aggregation of valuation units, e.g., a building floor in a multi-occupied building, a multi-occupied building, street, district or valuation zone) may be required to better communicate with users and to support a more effective and efficient dissemination. However, none of these systems share valuation information associated with 3D representation of the valuation units and groups. In this paper, a prototype of a web-based system is developed utilising the proposed Valuation Information part of the Edition II of the ISO 19152 Land Administration Domain Model compliant dataset for not only disseminating the spatial, physical, thematic and temporal characteristics of 3D valuation units, but also for sharing the valuation statistics at each designated level and with level-specific attributes. It is expected that the outcomes of this work may contribute to the development of local or national valuation systems and systems for geo-based data visualisation for effective and efficient sharing of valuation information. As such, it is anticipated that the study's outcomes will not only increase the level of communication with the public, but also support politicians and planners in their decision-making processes and help them to better analyse and understand the property market. With the proposed system, confidence in valuation results can be further increased due to the high level of transparency.