3D Modelling for Property Valuation in China: A High-resolution Remote Sensing-based Approach

Rapid urban development in China has transformed the cityscapes, with a dramatic increase in high-rise buildings. However, the current 2D property valuation methods neglect the vertical dimension, even though that aspect contains significant indicators that impact property value – such as types of views, scope of vision and daylight. 3D modelling of geographical data can help to change this in high-rise and highly-density areas, going beyond 2D to enable identification of complex property characteristics in the vertical dimension too. This article presents research to explore a 3D modelling approach using remote sensing data for more precise property valuation.