1. A piece of land owned by Mr. Que is plagued by informal settlers. Given the following data, compute as to how much the Assessors office should value the property. Support your computation with an explanation. 

Lot Area: 630 square meters. Along Commonwealth Avenue where there are a lot of business establishments. There is no source of water supply. There is flooding in the area during the rainy season. Last month, a property 100 meters away which is a corner lot was sold at P70,000.00 per square meter. There are approximately 50 families occupying the lot. 

 

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