Analysis of the Investment Evaluation of the Uncertain Real Estate Project

Xingfang Li () and Shiqiang Zhao
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Xingfang Li: Beijing university of Civil Engineering and Architecture
Shiqiang Zhao: Beijing university of Civil Engineering and Architecture

Chapter Chapter 40 in Proceedings of the 17th International Symposium on Advancement of Construction Management and Real Estate, 2014, pp 395-402 from Springer

Abstract: Abstract The economic quickly development in China has provided opportunities for the real estate project investment. The rise in the real estate project activity has caused an increase in competition in the Chinese market. By the investment evaluation, the investors can control the project more confident and increase the competition abilities. This study analyzes the sources of the real estate project uncertainties. Based on the traditional financial evaluation, the paper introduces the new Adjusted Cash Flow Method, adjusted Discount Rate Method and the real option theory to resolve the uncertainties. Finally, this paper draws a conclusion that the three methods above are more suitable than the traditional ones for the uncertain real estate project.

Keywords: Investment evaluation; Uncertain factor; Real estate (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-35548-6_40

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DOI: 10.1007/978-3-642-35548-6_40

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