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"plottage" Definitions
  1. the area included in a plot of land

3 Sentences With "plottage"

How to use plottage in a sentence? Find typical usage patterns (collocations)/phrases/context for "plottage" and check conjugation/comparative form for "plottage". Mastering all the usages of "plottage" from sentence examples published by news publications.

Plottage is the increase in value realized by combining adjacent parcels of land into one larger parcel. The process of combining the parcels is known as assemblage. Generally, the value of the whole parcel will be greater than the sum of the individual smaller parcels.
In such cases, the price paid for any particular piece is not its market "value" (with the idea usually being, though, that all the pieces and prices add up to the market value of all the parts) but rather its market "price". At other times, a buyer may willingly pay a premium price, above the generally accepted market value, if his subjective valuation of the property (its investment value for him) was higher than the market value. One specific example of this is an owner of a neighboring property who, by combining his own property with the subject property (assemblage), could obtain economies- of-scale and added value (plottage value). Similar situations sometimes happen in corporate finance.
Jang BoGo Memorial Hall, which is a 2F reinforced concrete structure with a plottage of 14,472m², a building area of 1,739m², and an exhibition space of 730m², has on its ground floor Central Hall, Video Room, Special Exhibition Hall, storage, and lounge and on its second floor its permanent exhibition venues of Exhibition Hall 1, Sea Route, and Exhibition Hall 2. Central Hall on 1F displays ‘Trade Ships of Jang BoGo’, which was made to one fourth of the actual size by Director Ma Gwang- nam of Cheonghaejin Ship Institute and donated by Sea King Jang BoGo Memorial Society, and a large wooden mural(8m x 2.2m) entitled ‘Sea King Jang BoGo’, which was created with linden tree by Lu Guangzheng, the Chinese craft art maestro. The permanent exhibition hall on 2F is divided into the four themes of ‘Root’, ’Formation of Cheonghaejin’, ‘Maritime Empire’, and ‘Voyage’, which respectively display relevant exhibits.

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