Does high-end housing always have a premium luxury value? A theoretical and numerical study

Using the real options approach, we try to evaluate the luxury value inherent in high-end housing and estimate its premium returns based on the simulation of the model. The key finding of the paper is that the luxury premium from the value of the high-end housing can be identified by the real optio...

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Bibliographic Details

Published in:	International Journal of Strategic Property Management
Main Authors:	Chih-Hsing Hung, Ming-Chi Chen, Shyh-Weir Tzang, Chung-Chieh Cheng
Format:	Article
Language:	English
Published:	Vilnius Gediminas Technical University 2023-11-01
Subjects:	luxury value high-end housing luxury premium high-end housing value real options
Online Access:	https://jeelm.vgtu.lt/index.php/IJSPM/article/view/20257