Time-on-market in Chinese condominium presales

The condominium presale market is characterized by information asymmetry between the developer and potential buyers. A condominium developer faces conflicting incentives to sell units quickly at a lower price to generate cash and sales momentum versus to hold prices high and endure longer marketing...

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Bibliographic Details
Main Authors: Xiaorong Zhou, Velma Zahirovic-Herbert, Karen M. Gibler
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2018-05-01
Series:International Journal of Strategic Property Management
Subjects:
Online Access:https://journals.vgtu.lt/index.php/IJSPM/article/view/1547