Real option theory models real estate development as a developer-controlled exercise of an option to construct the optimal structure at the optimal time. In practice, most projects encounter a highly uncertain entitlement (i.e., regulatory approval) process that is largely uncontrollable by the...

This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property...

In January-October 2012, entities of all the forms of ownership built 476,500 apartments with the total floorspace of 40.1m sq. meters which amounts to 103.8% on the respective period of 2011. The ratio between the price of housing and households' income in 2012 points to the fact that housing...

In January-October 2012, entities of all the forms of ownership built 476,500 apartments with the total floorspace of 40.1m sq. meters which amounts to 103.8% on the respective period of 2011. The ratio between the price of housing and households' income in 2012 points to the fact that housing...

In January-April 2014, 231,100 apartments with floorspace of 17.9m sq. meters which amounts to 127% on the respective period of 2013. In Q1 2014, the average actual cost of building of 1 sq. meter of residential housing rose by 12.52% as compared to Q1 2013 and amounted to Rb 39,290. The ratio...

116,300 residential apartments were built in the period of January 2014 thru February 2014, with a total residential floor space measuring 8.7m sq. meters, an increase 34.3%. year-on-year. According to the Federal Service for State Registration, Cadastre and Cartography (Rosregister), in 2013...

In January–October 2013, entities of all the forms of ownership built 566,800 apartments with floorspace of 45.4m sq. m which is equal to 113.3% on the respective period of 2012. In 2013, the correlation between the price of housing and households' income points to higher affordability of...

In January–April 2015, entities of all the patterns of ownership built 295,100 apartments with the total floorspace of 23.4m sq. meters which is equal to 128.4% as compared to the respective period of 2014. In Q1 2015, the average actual cost of building of a sq. meter of housing rose by 1.25%...

In January-February 2015, 155,900 apartments were commissioned and their total floorspace of 12.3m sq. meters exceeded by 40.6% the result of January-February 2014. According to the data of the Rosreestr, in 2014 the volume of registered titles to land plots (6735253 registration certificates),...

In Q1 2016, 224,000 flats were built totaling to 15.6 mn sq. m, which constitutes 84% of the floor space commissioned in Q1 2015. In Q1 2016, the volume of land mortgage loans extended to individuals exceeded by 52.8% the volume of land mortgage loans extended to individuals in Q1 2015 and its...