This paper uses the concept of real option to match and explain some of the observed behaviours in the NPRC development program in Guangzhou with reference to office supply. The observed supply lag and the persistent use of residential property for office space in inner-city areas are examined,...

Cycle theory is one of the basic human observations of the natural world as well as in human societies. It is defined by the Dictionary of Theories as íevents, economics and political systems move through cycles similar to the natural life-cycles of living beingsî (Bothamley 2002, p.133)....

This paper focuses on the theory of economic transformation, applied to property market emergence and comparing different transitional economies. Past experience of the Chinese and East European markets has major differences. This paper reviews the Chinese economic transition with emphasis...

In Australia the number of providers of reverse mortgages has risen substantially in recent years. It has been promoted to seniors as a means of accessing equity locked up in a residential house, especially after the owner/s has retired. Although there have been some teething problems, the...