Economic Evaluation Of Real Estate Project Based On Monte Carlo Simulation Technique

The economic evaluation of the real estate project is an important part of the feasibility analysis of the real estate project,reasonable and reliable economic evaluation can promote the development and construction of real estate projects.So,the real estate developers can objectively evaluate the project's internal rate of return(IRR)and net present value(NPV)and other aspects,so as to better find the key of the project and improve the economic benefits of the project.On the basis of reviewing and summarizing the relevant theories and research methods of the economic evaluation of real estate development projects,this paper is based on a systematic review and summary of the economic evaluation of real estate projects,a mathematical model of economic evaluation index is set up,And taking a real estate development project in Huangdao District of Qingdao as the research object,With the Monte Carlo simulation method and the MATLAB software,the changes of the main uncertainty factors of the project's internal rate of return and the net present value are analyzed.The results of the study show that: The project has good market prospects and economic benefits,and the project is feasible in general.But it still needs to be controlled from the supervision of market research,development and construction process,so as to ensure the successful completion of the project and realize the expected income.