The search for a pleasant home has concerned people ever since. Paradoxically, people
are facing strong difficulties in finding a decent place to settle their lives in cities. As such, the …

Considering the existence of strong policy intervention in China, this paper introduces policy
uncertainty into standard Real Options framework, and provides a theoretical explanation for …

Form-based zoning ordinances can provide real estate developers with the ability to alter
the mix of residential and commercial space included in their projects so long as they …

In estimating the market value of a property by income approach, the determination of the
capitalization rate is ordinarily conducted through analogical process. The procedure is …

Purpose The purpose of this paper is to examine developers' optimal development timing
when developers are heterogeneous and have different marginal costs in a real estate …

This paper shows that ignoring differences in developers' competitive strength and their
bidding behavior in land auctions leads to distorted valuation of urban lands. Using the …

The results of a study seeking to advance a typology of hotel owners as well as examining
the composition of hotel owners in Australia and New Zealand are reported. Interview …

To estimate the value of a real estate through the capitalization of the incomes, the
determination of the suitable cap rate is generally make with the analogical process. This is …

This paper reviews the literature on new housing supply. The paper starts by summariz& ing
the results of the empirical studies on housing supply, showing that overall these studies …

A suitable cap-rate is generally determined through an analogical process in order to
estimate the value of any real estate through the capitalization of the incomes. The analogy …