Zhou ChaoHua. The Real Option Method of Real Estate Exploitation Evaluation[J]. Journal of Civil and Environmental Engineering, 2005, 27(3): 101-105. DOI: 10.11835/j.issn.1674-4764.2005.03.040.
Real estate exploitations have high risk and its exploitation environment is quite uncertain. The traditional investment value methods
such as the net present value and discount cash flow methods
usually undervalue the real estate value. In this paper the real option pricing theories and methods are applied to discuss real estate investment value under uncertainty. This method provides a new approach for real estate items.