GLOSSARY
Under-constructionA commercial property that is “under construction” is in the process of being built or renovated. It indicates that the property is not yet completed and may not be ready for occupancy or use. |
Under-valuationWhen the value of a commercial property is assessed as being lower than its actual worth, it is known as under-valuation There can be various reasons for this, such as inaccurate appraisal methods, insufficient market analysis, or overlooking certain value-adding factors of the property. |
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UtilitiesRefer to essential services such as electricity, water, gas, telecommunications, and sewerage provided to a commercial property. |
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