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Obsolescence in hedonic price estimation of the financial impact of commercial office buildings: The case of Kuala Lumpur

Obsolescence in hedonic price estimation of the financial impact of commercial office buildings:... This paper discusses the empirical findings of an analysis of the financial impact of obsolescence using the hedonic price technique. The difference between the rental price of a building and the highest rental price of office buildings in the market was used as the measure of the financial impact of obsolescence on the building. The analysis shows that the financial impact caused by obsolescence can be analysed and estimated for use in building design and investment appraisals. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Construction Management & Economics Taylor & Francis

Obsolescence in hedonic price estimation of the financial impact of commercial office buildings: The case of Kuala Lumpur

Construction Management & Economics , Volume 12 (1): 8 – Jan 1, 1994

Obsolescence in hedonic price estimation of the financial impact of commercial office buildings: The case of Kuala Lumpur

Construction Management & Economics , Volume 12 (1): 8 – Jan 1, 1994

Abstract

This paper discusses the empirical findings of an analysis of the financial impact of obsolescence using the hedonic price technique. The difference between the rental price of a building and the highest rental price of office buildings in the market was used as the measure of the financial impact of obsolescence on the building. The analysis shows that the financial impact caused by obsolescence can be analysed and estimated for use in building design and investment appraisals.

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References (5)

Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
1466-433X
eISSN
0144-6193
DOI
10.1080/01446199400000005
Publisher site
See Article on Publisher Site

Abstract

This paper discusses the empirical findings of an analysis of the financial impact of obsolescence using the hedonic price technique. The difference between the rental price of a building and the highest rental price of office buildings in the market was used as the measure of the financial impact of obsolescence on the building. The analysis shows that the financial impact caused by obsolescence can be analysed and estimated for use in building design and investment appraisals.

Journal

Construction Management & EconomicsTaylor & Francis

Published: Jan 1, 1994

Keywords: Obsolescence; hedonic price; rental income; design

There are no references for this article.