Riskiness of Real Estate Development: A Perspective from Urban Economics and Option Value Theory
In this article, we define a new construct for urban economic and investment analysis, which revisits the conventional wisdom that investment in real estate development is riskier than investment in stabilized property assets. This new construct, referred as a “development asset value index” (DAVI),...
| Format: | Article |
|---|---|
| Language: | English |
| Published: |
Wiley
2020
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| Online Access: | https://hdl.handle.net/1721.1/126820 |