Valuing leasing risks in commercial property with a discrete-time binomialtree option model

Journal of Property Investment & Finance

Volumn 22, Issue 2, 2004, Pages 173-191

  Foo Sing, Tien ^a   Liang Tang, Wei ^a  

^a NATIONAL UNIVERSITY OF SINGAPORE   (Singapore)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84993099105     PISSN: 1463578X     EISSN: None     Source Type: Journal    
DOI: 10.1108/14635780410536179     Document Type: Article

References (12)

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2. CBRE (2000), Tenant's Guide to Office Space in Singapore, CB Richard Ellis, Singapore.
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4. Grenadier, S.R. (1995a), “Valuing lease contracts: a real-options approach”, Journal of Financial Economics, Vol. 38, pp. 297-331.
5. Grenadier, S.R. (1995b), “The persistence of real estate cycles”, Journal of Real Estate Financial and Economics, Vol. 10, pp. 95-119.
6. Grenadier, S.R. (1995c), “Flexibility and tenant mix in real estate projects”, Journal of Urban Economics, Vol. 36, pp. 357-378.
7. Grenadier, S.R. (1996), “Leasing and credit risk”, Journal of Urban Economics, Vol. 42, pp. 333-364.
8. JLW Property Consultants (1994), A Tenant's Guide to Office Space in Singapore, JLW Property Consultants Pte Ltd, Singapore.
9. Ward, C.W.R. (1982), “Arbitrage and investment in commercial property”, Journal of Business Finance and Accounting, Vol. 9 No. 1, pp. 93-108.
10. Ward, C.W.R. and French, N. (1996), “The valuation of upward-only rent reviews: an option pricing model”, Journal of Property Valuation and Investment, Vol. 15 No. 2, pp. 171-182.
11. Ward, C.W.R. and Hendershott, P.H. (2000), “Incorporating option-like features in the valuation of shopping centers”, Real Estate Finance, Vol. 16 No. 4, pp. 31-36.
12. Ward, C.W.R., Hendershott, P.H. and French, N. (1998), “Pricing upwards-only rent review clause”, Journal of Property Valuation and Investment, Vol. 16 No. 5, pp. 447-454.