In Australia the number of providers of reverse mortgages has risen substantially in recent years. It has been promoted to seniors as a means of accessing equity locked up in a residential house, especially after the owner/s has retired. Although there have been some teething problems, the...

This paper uses the concept of real option to match and explain some of the observed behaviours in the NPRC development program in Guangzhou with reference to office supply. The observed supply lag and the persistent use of residential property for office space in inner-city areas are examined,...