This course aims to provide students with a comprehensive understanding of: (1) the land use planning and land management systems in Hong Kong, SAR and (2) property appraisal approaches and applied valuation practice of the Hong Kong Special Administrative Region. It will also compare the similarities and differences of town planning and land management systems and examine their implications on property development, conveyance of land and buildings, land title, and property rights. Issues relating to changing demography and globalization, local economy and economic development strategy, sustainable development and environment impact assessment will also be discussed.