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This study proposes strategic decision models in both a deterministic and a stochastic framework to examine the effects of neighbourhood externalities and developersa?? reputational strength on strategic development decisions. Results reveal that externalities and developersa?? reputation positively influence development decisions. The study also empirically tests reputation premiums in residential property new sale prices using actual transaction data in Singapore. Findings show that developers earn premiums on their reputation.","abstract_html":"When making real estate development decisions, developers would rely on not only the general market conditions at a macroeconomic level but also the specific market conditions, such as externalities of neighbourhood properties and competitorsa?? reputational strength. However, the effects of developersa?? reputational strength and neighbourhood externalities on strategic real estate development decisions have been omitted in the earlier literature. This study proposes strategic decision models in both a deterministic and a stochastic framework to examine the effects of neighbourhood externalities and developersa?? reputational strength on strategic development decisions. Results reveal that externalities and developersa?? reputation positively influence development decisions. The study also empirically tests reputation premiums in residential property new sale prices using actual transaction data in Singapore. Findings show that developers earn premiums on their reputation.","abstract_has_math":false,"creators":["DONG ZHI"],"institution":null,"degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2004,"date_issued":"2004-05-27","date_published":"2004-05-27","updated_at":"2026-07-24T03:31:13Z","subjects":["Optimal Payoff, Reputational Strength, Externality, Competitive Development Strategies, Real Estate Development Options, Reputation Premium"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":null,"outbound_label":null,"outbound_source":null},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:creator","label":"Author","values":["DONG ZHI"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.issued","label":"Date","values":["2004-05-27"]},{"key":"dc:relation.isreferencedby","label":"Dc Relation Isreferencedby","values":["https://scholarbank.nus.edu.sg/handle/10635/14018"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Optimal Payoff, Reputational Strength, Externality, Competitive Development Strategies, Real Estate Development Options, Reputation Premium"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["https://scholarbank.nus.edu.sg/bitstreams/3ac4bf0d-a874-4c20-8b47-1de4057d7e58/download","https://scholarbank.nus.edu.sg/bitstreams/16d8ad5c-1a06-48e7-9b26-114d750b077c/download","https://scholarbank.nus.edu.sg/bitstreams/a579d3e7-ef3d-4f25-905a-f4d60d698b55/download","https://scholarbank.nus.edu.sg/bitstreams/230a02d9-65bf-4c45-8f3e-0a808201350c/download","https://scholarbank.nus.edu.sg/bitstreams/50c4c69b-0180-45d0-b29e-08b89fa3b459/download","https://scholarbank.nus.edu.sg/bitstreams/04018885-c98a-4df3-a48e-31efe6b8e8d8/download","https://scholarbank.nus.edu.sg/bitstreams/3333bafe-a1dc-4eb3-b80f-21389b384c72/download","https://scholarbank.nus.edu.sg/bitstreams/6109a433-79d4-44e5-99a0-36ef3bb1f97c/download","https://scholarbank.nus.edu.sg/bitstreams/8e57dfa9-850c-47f8-9a20-d787f87f2104/download"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["When making real estate development decisions, developers would rely on not only the general market conditions at a macroeconomic level but also the specific market conditions, such as externalities of neighbourhood properties and competitorsa?? reputational strength. 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