The Tianjin government has started appraising apartments damaged in last month's massive blasts, local authorities said on Sunday.
The municipal government has selected Fangda Real Estate Appraisal Company to assess apartments in seven residential compounds, where more than 17,000 units were damaged by the 12 August blasts.
The company will suggest whether an apartment requires rebuilding or buyback, said Huang Jisheng, general manager of the company.
The appraised value will be compared with the contract value of the apartments, and the higher price will be used for buyback, he said.
In addition, another 30 percent of value will be provided to residents as compensation, he added.
Two blasts tore through a warehouse that stored large amounts of toxic chemicals at the Tianjin port late.
The Tianjin government has started appraising apartments damaged in last month's massive blasts, local authorities said on Sunday.
