Appraisal & Consulting

Vigers has over 30 years of experience in undertaking appraisals and valuations – acting for financial institutions, major listed companies, government entities and individuals.
We carry out valuations of all types of property – retail, commercial, industrial, residential and development sites – for a wide range of purposes. We also have particular expertise in the appraisal and valuation of specialised properties, plant, machinery and equipment, businesses, trademarks, intellectual property and intangibles.

  • Mergers and Acquisitions
  • Company Accounts
  • Initial Public Offerings
  • Joint Ventures
  • Development Feasibility
  • Taxation
  • Liquidation and Receivership

We have reinforced our established internal system by implementing and running in accordance with the internationally recognised standard ISO 9001. Since September 1998, Vigers have been accredited HKQAA ISO 9001 (Certificate No.:CC1210), which has been upgraded to ISO 9001-2008 version in 2008.

Business Valuation

What is the value of a business? Whatever the reason you need to know this information, getting on accurate figure can be a challenge. There are hard-to-measure intangibles that may be the vital constituents of a business. Business valuation has been called an art, rather than a science and it calls upon experts to quantify value. Vigers has been focusing on business valuations for a number of years and the expertise covers, but is not limited to, the following categories:

Valuation of Intellectual Property and Intangibles

Valuation of Intellectual Property and Intangibles
Film Production Rights
Financial Assets
Information Database
Bio-logical Assets
Safety Licences
Computer Software
Technology and Bio-chemical Know-how

Our track record covers a variety of industries ranging from traditional sectors like pharmaceuticals, bio-chemicals, machinery manufacturing, snack foods, paper/ pulps, power plants, natural gas supply, toll roads, cemeteries, container terminals, etc. to “new-economy” sectors like application software, IC chips, ISP, SMS, MMS, 3G, TMT, green industries etc. as well as service sectors like business consultation and investment consultation businesses, mainly serves the purposes of IPO’s, mergers & acquisitions, internal and external accounting reference.


We advise on land and development issues, including development studies, lease modifications, land exchanges, premium assessments, compensation claims, compulsory acquisitions and town planning.


Vigers’ e-Valuation is one of the leading online valuation platforms in Hong Kong and provides instant online valuations. Our advanced Internet-based system provides up-to-the-minute information covering over 1 million residential apartments and houses in Hong Kong.

Infrastructure Valuation

The provision of infrastructure is considered highly essential to a region / country’s economic development and growth.

There are several types of infrastructure projects:

Power generation
Container ports
Piers / docks

In some or most infrastructure projects, a government or quasi-government authority grants a concession to build and operate the project for a finite term, perhaps 20-30 years, at the end of which the right reverts back to the authority – Build, Operate, Transfer (BOT). The project entity relies on the revenues received from operating the concession to repaying development costs, related debt and operating expenses and to earn an adequate rate of return having regard for the risks undertaken.

Plant and Machinery Valuation

As one of the few property consultants to provide a specialised plant and machinery valuation service, Vigers takes pride in fulfilling the most sophisticated clients’ needs with systemic yet creative approaches. Our professional valuers offer a wealth of experience and talent developed through many years of training with comprehensive knowledge of industry, machinery and machine tools.
With extensive experience, Vigers’ dedicated plant and machinery valuers have been involved in the valuation of various projects for the purpose of initial public offerings, mergers and acquisitions, joint venture financing, receivership, insurance and other corporate requirements.

Our plant and machinery valuation experience covers a broad range of industries, which include:

Metal Working and General Machining
Public Utilities
Mining and Quarrying
Vigers - David Cheung

David Cheung

Executive Director
Appraisal and Consulting


We fuse insights with research, strategy and communications for immediate business impact.

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