The following table shows information about fair value measurement of the investment property using significant unobservable inputs (Level 3):
| Valuation techniques | Unobservable input |
Inter-relationship between key unobservable inputs and fair value measurement |
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|
2017 |
Market comparison and
cost |
Comparable price:
- Land: RMB 24 to RMB 34 (US$4 to US$5) per square foot
- Retail: RMB 352 to RMB 859 (US$56 to US$139) per square foot |
The estimated fair value increases with higher comparable price |
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|
2016 |
Market comparison and
cost |
Comparable price:
- Land: RMB 24 to RMB 34 per square foot
- Retail: RMB 337 to RMB 847 per square foot |
The estimated fair value increases with higher comparable price |
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