Please use this identifier to cite or link to this item:
Title: Pricing of presale properties with asymmetric information problems
Authors: Leung, B 
Hui, E 
Seabrooke, B
Issue Date: 2007
Source: Journal of real estate portfolio management, 2007, v. 13, no. 2, p. 139-152 How to cite?
Journal: Journal of Real Estate Portfolio Management 
Abstract: Property developers have increasingly used forward contracts to pre-sell uncompleted properties to enhance their financial viability. However, there are limited researchers exploring the hidden forward risks arising from asymmetric information issues embedded in forward property markets. This study sets up a Forward-Spot Property Index-Tracking (FSIT) model, which is able to capture not only the risks arising from market uncertainty during the construction time-lag and the discount required to compensate for the missing rents within the forward contract period, but also the risk premium imposed on a purchase of a presale property arising from asymmetric information issues.
ISSN: 1083-5547
Appears in Collections:Journal/Magazine Article

View full-text via PolyU eLinks SFX Query
Show full item record


Last Week
Last month
Citations as of Aug 16, 2018

Page view(s)

Last Week
Last month
Citations as of Aug 13, 2018

Google ScholarTM


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.