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Title: The effect of public target on the Public-Private Partnership (PPP) residential development
Authors: Liu, Y
Xu, YL
Wang, ZY 
Keywords: Housing supply
Optimal development
Project risk
Public housing
Public-private partnership
Issue Date: 2018
Publisher: Vilnius Gediminas Technical University
Source: International journal of strategic property management, 2018, v. 22, no. 5, p. 415-423 How to cite?
Journal: International journal of strategic property managementprint+eissn 
Abstract: A growing importance of public-private partnership (PPP) in public housing projects has drawn much attention. This paper presents a theoretical analysis exploring the effect of the public target on the private's optimal strategy in a PPP housing project. An option-based model is established to show that an increase in the proportion of public housing will delay the project development. It indicates that the government needs to consider the trade-off between the waiting time and the supply of public housing. On the other hand, due to the delay effect, the expected project value would rise because the private developer is willing to wait for a better environment in the presence of a rise in public housing. Both private and public sector can benefit from this accurate evaluation model and its implications.
ISSN: 1648-715X
EISSN: 1648-9179
DOI: 10.3846/ijspm.2018.5224
Rights: Copyright © 2018 The Author(s). Published by VGTU Press
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
The following publication Liu, Y., Xu, Y.L., & Wang, Z.Y. (2018). The effect of public target on the Public-Private Partnership (PPP) residential development. International journal of strategic property management, 22 (5), 415-423 is available at
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