Prague Development Company (PDS) has performed the first ever market valuation of 10 locations where it is planning new, primarily housing construction. The market price of the assets as of 1 June 2021 was estimated at3.939 billion crowns by Knight Frank, a renowned international advisory company. Until now, Prague registered only the book value of its assets, which is significantly lower. PDS intends to evaluate its portfolio of real properties once a year, a common practice among private property managers. The current market value will serve as a key indicator for Prague’s strategic decisions in asset management.