WU, Ming-Cheng; LIN, I-Cheng; HUANG, Yi-Ting; Chang-Rong - In: Journal for Economic Forecasting (2015) 1, pp. 143-158
We are currently witnessing a boom in the real estate industry worldwide, and presale investing (or “Buying Off Plan”, as it is known in Europe) is increasingly popular. This paper conducts a pricing model based on the real option method to assess presale houses. This paper takes into...