Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/28141
Title: The ex ante measurement and modeling of direct real estate investment risk
Authors: LI YUN
Keywords: Ex Ante, Measurement, Modeling, Risk, Direct Real Estate, Investment
Issue Date: 22-Sep-2008
Source: LI YUN (2008-09-22). The ex ante measurement and modeling of direct real estate investment risk. ScholarBank@NUS Repository.
Abstract: In the real estate risk modeling, it is the uncertainty associated with the anticipation of market outcomes, and not the inherent historical variability of the market itself, that is the key measure of risk (Mei & Liu, 1993, Wheaton, Torto, 2001). From such a perspective, further on consideration of the limited data availability and the non-normal distribution of the real estate returns, an ex ante measurement and the modeling of direct real estate investment risk are explored. This modeling of real estate investment provides us a better understanding of the risk behavior in direct real estate investment, leads to an accurate risk-adjusted pricing of an underlying direct real estate asset for a mortgage and offers good potential in a number of areas such as estimating expected returns, asset allocation, portfolio management, risk monitoring and performance measurement. It fills the knowledge gap concerning the pricing of the direct real estate.
URI: http://scholarbank.nus.edu.sg/handle/10635/28141
Appears in Collections:Ph.D Theses (Open)

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Final PhD Thesis -Li Yun_Sep 20 2008.pdf832.17 kBAdobe PDF

OPEN

NoneView/Download

Page view(s)

217
checked on Jan 19, 2018

Download(s)

217
checked on Jan 19, 2018

Google ScholarTM

Check


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