scholarly journals International Real Estate Review

2021 ◽  
Vol 24 (1) ◽  
pp. 1-17
Author(s):  
Yongqiang Chu ◽  
◽  
Tien Sing ◽  
Keyword(s):  
Real Estate ◽  
Real Options ◽  
Demand Uncertainty ◽  
Market Volatility ◽  
Real Estate Development ◽  
Demand Shock ◽  
Inverse Effect ◽  
Option Values ◽  
Empirical Tests ◽  
The Cost

Developers make decisions around timing and intensity simultaneously when exercising a development option. Built on the early real options models, we allow the demand shock and the cost functions to be dependent on the intensity of real estate development. Based on a set of input parameters, the numerical results show that demand uncertainty delays development activities, and the rental elasticity to density change has an inverse effect on the deferment option values. In a market where the intensity impact on rental income is small, development activities are likely to be curtailed when market volatility increases. More empirical tests could be conducted on whether more smaller-scale projects are triggered in down markets relative to up markets.

scholarly journals Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development

2003 ◽  
Author(s):  
Laarni T. Bulan ◽  
Christopher J. Mayer ◽  
C. Tsuriel Tsuriel Somerville
Keyword(s):  
Real Estate ◽  
Real Options ◽  
Real Estate Development ◽  
Irreversible Investment

On the Cost of Sustainable Landscape in Real Estate Development

2013 ◽  
Vol 409-410 ◽  
pp. 719-723
Author(s):  
Ning Yu
Keyword(s):  
Real Estate ◽  
Life Cycle Cost ◽  
Economic Benefits ◽  
Landscape Design ◽  
Real Estate Development ◽  
Aesthetic Value ◽  
The Cost ◽  
Sustainable Landscape ◽  
Impact Cost ◽  
Functional Purpose

Being confronted with global environment crisis, sustainability is regarded as the functional purpose of landscape construction. Transformational ideas should be applied to real estate development to emphasize the existence and continuation of the life of landscape basing on seeking economic benefits and optimizing aesthetic value. From the perspective of the cost of sustainable landscape, the projects being built which would affect landscape cost should be probed into and a sustainable way of landscape design in real estate development should be paved by means of calculating direct cost, life cycle cost, and environmental impact cost of landscape.

scholarly journals Analysis the Appropriate using Standard Costing Applying in Land Cost Component of Real Estate Development Activities: A Case Study of PT Subur Agung

2011 ◽  
Vol 2 (1) ◽  
pp. 408
Author(s):  
Elfrida Yanti
Keyword(s):  
Real Estate ◽  
Cost Estimation ◽  
Real Estate Development ◽  
Selling Price ◽  
Cost Component ◽  
Standard Cost ◽  
Land Cost ◽  
The Cost ◽  
Land Improvement

Standard cost is generally used by manufacturing business, which direct material, labor, and factory overhead are cleared allocated. On real estate business in this case PT Subur Agung use standard cost based on three costs, raw land, land improvement and interest expense categories instead of direct material, direct labor and overhead. Developer use these cost to predict the project cost and estimate the pre-selling price, in accordance with the cost estimation classification matrix, the variance range is in the expected accuracy rate by testing the variance percentage between standard cost and actual cost. The additional similar projects in PT Subur Agung also follow the same scope. All these evidences have proved the appropriate using standard costing in land cost component of real estate development activities but how it applies this article will analyze in this particular project with using descriptive and exploratory method. The analysis started by knowing the conceptual situation of PT Subur Agung and the data was presented in tables and calculation with detail explanation. 

A Real Options Model of Real Estate Development with Entitlement Risk

2019 ◽  
Author(s):  
Yiying Cheng ◽  
Steven P. Clark ◽  
Kiplan S. Womack
Keyword(s):  
Real Estate ◽  
Real Options ◽  
Real Estate Development

scholarly journals QUALITATIVE ANALYSIS OF VIEW CHARACTERISTICS OF RESIDENTIAL PROPERTY

2019 ◽  
Vol 4 (3) ◽  
pp. 44-51
Author(s):  
Марина Оберемок ◽  
Marina Oberemok ◽  
Андрей Наумов ◽  
Andrey Naumov ◽  
Марина Щенятская ◽  
...  
Keyword(s):  
Real Estate ◽  
Qualitative Analysis ◽  
Functional Dependence ◽  
Market Price ◽  
Real Estate Development ◽  
Residential Property ◽  
Residential Real Estate ◽  
High Demand ◽  
The Cost

Some kinds of residential real estate are characterized by a special view from the windows. Apartments with unique characteristics are in high demand among the population, therefore the cost of these objects exceeds the average market price. As a rule, developers try to make the best use of the visual prospects of residential real estate. The paper provides a qualimetric analysis of estimation the view characteristics of apartments in Belgorod based on the demand factors. There is the classification of view components of residential real estate on the basis of urban planning, aesthetic, emotional and other functions. Conclusions on the cost of the view are formed taking into account the criteria of its attractiveness. Functional dependence is obtaine. It allows to determine the surcharge to the cost of residential real estate based on differences in the view. The practical aim of determining the specifics of apartments pricing with a view is the ability to manage demand and to improve the efficiency of residential real estate development.

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