Download or read book Demand Uncertainty Timing of Development and Leasehold Land Valuation written by Hui Yao and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops and tests a long-dated American call option pricing model for valuing development land under leasehold. We analyze and test option values in ten detailed Hong Kong cases involving purchase, holding, converting and developing land. We test also for optimal exercise of long-dated American calls using processes based on the optimal trigger ratio feature of the perpetual American call option model. Generally, the empirical results confirm presence of a positive and non-trivial option premium (mean 5.274%) in the cases, and that developers appear to delay exercise to the point predicted by the real options model.
Download or read book Flexibility and Real Estate Valuation under Uncertainty written by David Geltner and published by John Wiley & Sons. This book was released on 2018-02-23 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a revolutionary conceptual framework and practical tools to quantify uncertainty and recognize the value of flexibility in real estate development This book takes a practical "engineering" approach to the valuation of options and flexibility in real estate. It presents simple simulation models built in universal spreadsheet software such as Microsoft Excel®. These realistically reflect the varying and erratic sources of uncertainty and price dynamics that uniquely characterize real estate. The text covers new analytic procedures that are valuable for existing properties and enable a new, more profitable perspective on the planning, design, operation, and evaluation of large-scale, multi-phase development projects. The book thereby aims to significantly improve valuation and investment decision making. Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers is presented at 3 levels. First, it introduces and explains the concepts underlying the approach at a basic level accessible to non-technical and non-specialized readers. Its introductory and concluding chapters present the important “big picture” implications of the analysis for economics and valuation and for project design and investment decision making. At a second level, the book presents a framework, a roadmap for the prospective analyst. It describes the practical tools in detail, taking care to go through the elements of the approach step-by-step for clarity and easy reference. The third level includes more technical details and specific models. An Appendix discusses the technical details of real estate price dynamics. Associated web pages provide electronic spreadsheet templates for the models used as examples in the book. Some features of the book include: • Concepts and tools that are simple and accessible to a broad audience of practitioners; • An approach relevant for all development projects; • Complementarity with the author's Commercial Real Estate Analysis & Investments—the most-cited real estate investments textbook on the market. Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers is for everyone studying or concerned with the implementation of large-scale or multi-phase real estate development projects, as well as property investment and valuation more generally.
Download or read book Property Development written by John McMahan and published by McGraw-Hill Companies. This book was released on 1989 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Urban Growth and the Circular Economy written by S. Syngellakis and published by WIT Press. This book was released on 2018-08-29 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presented at the 1st International Conference on Urban Growth and the Circular Economy that was held in Alicante, Spain the papers included in this book focus on the continuing and rapid growth of cities and their regions of influence and how that has led to the need to find new solutions which allow for promoting their sustainable development. The quest for the Sustainable City has until recently focused on the efficient use of resources with the application of technical advances giving rise to the definition of SMART Cities. The economic model emphasised however is still “linear” in the sense that the design and consumption follows the pattern of extraction of natural resources, manufacturing, product usage and waste disposal. The continuous growth of urban population has recently given rise to the emergence of a new model which responds better to the challenges of natural resource depletion as well as waste management. This model has been called the “circular economy”. The circular economy is a recent concept based on the reuse of what up to now has been considered wastes, reintroducing them into the productive cycle. The objective of the circular economy is to reduce consumption and achieve savings in terms of raw materials, water and energy, thus contributing to the preservation of resources in order to reach sustainable development. One of the most important of these resources is water which is becoming a scarce commodity in an ever expanding world whose population demands a better standard of living. Water is required for agricultural purposes as well as by industry, in addition to its use by the general population. The recycling of water is an essential component of the circular economy. There is no possibility for the success of a long term economic policy without addressing the problems of natural resources and environmental pollution, which will affect the reuse of materials and products. The current market economy based on a linear model from resource extraction, manufacturing, consumption and waste disposal, has not proved a long term suitable solution, in spite of the substantial efforts made in reducing its environmental impacts. This is largely due to the continuous population growth, in a society that demands high standards of living, thus requiring an ever increasing share of natural resources.
Download or read book An Assessment of Development and Production Potential of Federal Coal Leases written by and published by . This book was released on 1981 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Optimal Timing of Land Development written by Donald C. Shoup and published by . This book was released on 1969 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk Uncertainty and Decision Making in Property written by P. Byrne and published by Routledge. This book was released on 2002-11-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides undergraduates in surveying and property professionals with a clear practical explanation of the various management techniques to improve their property development decisions.
Download or read book Abstract of the Final Environmental Statement Federal Coal Management Program written by United States. Bureau of Land Management and published by . This book was released on 1979 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Coal Management Program written by United States. Bureau of Land Management and published by . This book was released on 1978 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Coal Management Program written by and published by . This book was released on 1979 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sessional Papers written by Great Britain. Parliament. House of Commons and published by . This book was released on 1910 with total page 1138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Black Diamond written by and published by . This book was released on 1912 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Coal Leases on BLM Lands in New Mexico written by United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy Resources and Materials Production and published by . This book was released on 1980 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Asia s Financial Crisis and the Role of Real Estate written by Koichi Mera and published by Routledge. This book was released on 2016-07-08 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by a distinguished academic and a professional economist from the World Bank clearly demonstrates the significant role played by the real estate sector in inducing the Asian crisis; the linkage of the real estate sector to the general economy; the causes of real estate booms and subsequent busts; and the economic costs of real estate price volatility. The book also includes suggestions for moderating such volatility in the future.
Download or read book The Coal Trade Bulletin written by and published by . This book was released on 1910 with total page 972 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Final Supplemental Environmental Impact Statement Appendices written by United States. Department of the Air Force and published by . This book was released on 2000 with total page 826 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Homestead Air Force Base AFB Disposal and Reuse written by and published by . This book was released on 1994 with total page 828 pages. Available in PDF, EPUB and Kindle. Book excerpt:
