预售制度下房地产开发项目的现金流创值.pdfVIP

of the Projectvalu e，inclu des internalvalu e an d externalvalu e. T he goal of real estate develoPm ent Proj ect 15 cap ital return . T he b a sie stu d y u n it 15 c ap ita l am o u n t. D iffe ren t fin an c ia l b eh av io rs m ak e d iffe ren t co st an d su P P Iy o f e aP ita l am o u n t. 5 0 w e ean g et a fin a n c ia l ev a lu atio n m o d e l o f v a lu e一a d d . W e ev a lu ate th e d egr e e o f e ffi c ien t u se o f cap ital fund s by u sing cap ital effi eiently eoeffi cient (the tUr e am ount of eap ital / equ ity caP ital vo lum e): w e evalu ate th e sale in com e eontribution s on the Projectby u sing the intem al lev erage coefficient (the tm e am ount of cap ital / actual am ount of eap ital exP enditures);w e u se external lev erage co effi eient (the am ount of surp lu s cap ital/ real cap ital stock) to describ e th e exeess inv estm ent cap acity on the n ext develoPm ent Projeet，w h ich 15 m ade by the currentP roject. In su mm ary， th ere ar e thl e e P aht s to a ch iev e th e v a lu e 一ad d g o a l， in cre a sin g rev en u e an d red u c in g th e am o u n t o f c aP ita l ex P en d i饭 re s a s w e ll a s oP tim iz in g th e am o u n t o f rea l e ap ita l. w 七 P ro v ed th o se b y analyzing the fin an cial date of th e “矶值ter Im ag e C ity，’Project.T hu s，w e P ro P o se d th e fin an c ia l ev a lu atio n o f su b 一in d ic ato rs in rea l e state d ev e lo P m en t，a n d s加 d y th e ir re latio n sh iP an d ch an g in g ran g e . In co n c lu sio n ，th e m an ag em en t g o a l o f rea l e state d ev e lo P m en t 15 c a sh flo w a d d 一v a lu e ， th e v a lu e o f re a l e state d