Market Value is intended to mean the estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion. [The HKIS Valuation Standards (2020 Edition) ]

市值指某項物業經適當市場推廣後，自願買方與自願賣方雙方均在知情、審慎及並無強迫的情況下行事，於估值日基於各自獨立利益需進行交易而應達致的估計金額。

物業估價報告 Property Valuation Report 常見Market Value is Free of all Encumbrances的意思
市值 Market Value 為一項物業的估算價值。市值 Market Value不包括買賣費用和稅項( transaction costs or any taxes)。在評估一項物業市值時，不應考慮該物業所附帶的任何產權負擔(encumbrances )，如按揭(mortgage)、債務(debenture )等