Please use this identifier to cite or link to this item: https://doi.org/10.1080/09599910500411028
DC FieldValue
dc.titleHighest and best use in the valuation of mixed-use development sites: A linear programming approach
dc.contributor.authorAddae-Dapaah, K.
dc.date.accessioned2013-10-14T05:09:11Z
dc.date.available2013-10-14T05:09:11Z
dc.date.issued2005
dc.identifier.citationAddae-Dapaah, K. (2005). Highest and best use in the valuation of mixed-use development sites: A linear programming approach. Journal of Property Research 22 (1) : 19-35. ScholarBank@NUS Repository. https://doi.org/10.1080/09599910500411028
dc.identifier.issn09599916
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/46152
dc.description.abstractThe study deals with the ascertainment of the highest and best use in the valuation of a mixed-use development site in the context of Singapore where the introduction of 'white sites,' which gives the developer maximum flexibility on the best mix of permitted uses, have made the valuation of such sites intriguing. Valuers in Singapore rely on the Residual method to value 'white sites' because of the dearth of sales data. It is argued that the usefulness of the residual method may be severely compromised, as the method cannot resolve the optimization problem on which the highest and best use or mix of uses of such sites depends. The study theoretically and empirically demonstrates that a combination of linear programming and the Residual method would provide a well- researched and scientifically supported estimate of value. © 2005 Taylor & Francis.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1080/09599910500411028
dc.sourceScopus
dc.subject'White site'
dc.subjectHighest and best use
dc.subjectLinear programming
dc.subjectMixed-use development
dc.subjectResidual method
dc.subjectValuation
dc.typeArticle
dc.contributor.departmentREAL ESTATE
dc.description.doi10.1080/09599910500411028
dc.description.sourcetitleJournal of Property Research
dc.description.volume22
dc.description.issue1
dc.description.page19-35
dc.identifier.isiut000415459500002
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