Real Estate Development Companies Research Articles

KEBERHASILAN USAHA DITINJAU DARI BALANCE SCORECARD

This research aims to develop a system for measuring the organizational performance of real estate development companies based on the concept of Balance Scorecard (BSC) and Analytical Hierarchy Process (AHP) at PT. Meka Asia Property. This research is a type of quantitative research with a descriptive approach. This research uses primary data and secondary data with several data collection methods including interviews, questionnaires, literature studies and documentation. The research results show that PT. Meka Asia Properti has performed well. Judging from the average score obtained, it is 3.7 which is included in "Good Company Performance". From the AHP results, the weight of each perspective is 0.64 for the customer perspective which shows the highest priority, and than the internal business process perspective at 0.21, then the financial perspective with a weight of 0.11, then the last one is 0 .04 for the growth and learning perspective which has the lowest weight

Developing an ISO 45001-based OHSMS for a Bogotá, Colombia real estate and property development company

Today, many organizations are seeking to implement continuous improvement plans not only to achieve greater economic benefits but also to improve the quality of life for their employees. The importance of reducing and preventing workplace accidents, protecting the health and well-being of employees, and preventing work-related illnesses has increased. This article focuses on the development of an Occupational Health and Safety Management System (OHSMS) for an organization in the real estate and property development services sector in Bogotá. The design of the OHSMS is based on the identification of the deficiencies of the current system and the proposal of continuous improvement, according to the ISO 45001: 2018 standard. The design process included three stages of research: 1. initial diagnosis, 2. hazard and risk assessment, and 3. management system performance assessment with appropriate controls and indicators. This article evaluates working conditions in production and in enclosed spaces, such as offices. The integration of these aspects ensures a comprehensive vision of occupational health and safety in real estate and property development companies. The design of the OHSMS is an essential step towards the continuous improvement of working conditions and the well-being of employees. Compliance with the ISO 45001: 2018 standard aims to ensure a safe and healthy working environment for all members of the organization.

Diagnosing the availability of the dimensions of a prosperous organization: An analytical study of the opinions of a sample of employees in Modon Real Estate Development Company

Diagnosing the availability of the dimensions of a prosperous organization: An analytical study of the opinions of a sample of employees in Modon Real Estate Development Company

Analysis of Marketing Tools Used by Real Estate Development Companies Using Secret Client Research – a Case Study From Krakow

Abstract The aim of the paper is to find out what marketing tools are used by development companies operating in Poland to attract customers and whether the impact of the Fourth Industrial Revolution on marketing can be observed. The secondary aim of the paper is to determine whether developers building investments in the area of the restricted use area (O.O.U.) use more marketing tools to convince potential customers to buy. For this purpose, a secret client survey was used and the research sample consists of four development companies and four of their investments in Kraków. The research conducted led to the disclosure of marketing tools used by developers. The survey shows that some elements of home branding, storytelling and banner ads, social media ads, ads on websites and portals and information brochures are being used. Through the use of virtual walks, housing visualization and the use of social media in advertising, the impact of the Fourth Industrial Revolution on marketing in the industry can be seen. The analysis shows that companies creating developments in the restricted use area are not using more tricks to attract customers. All developers selected for the study use a similar number of marketing tools.

Impact of Information Disclosure on Financial Risks of Listed Real Estate Companies in Vietnam

The study analyzes the impact of disclosure on the financial risks of real estate development companies. The data was collected from the annual reports and financial statements of 35 listed companies on the Ho Chi Minh City Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX) from 2019 to 2021. The results show that more information disclosure leads to lower financial risks for companies besides other firm-specific factors. According to the regression results of the financial risk model, variables such as return on sales (ROS), return on total assets (ROA), and inventory turnover (IT) are not significantly statistical for the financial risk dependent variable (FR). The variables of firm size (SIZE), age of the firm (AGE), the degree of financial leverage (DFL) and basic profitability (BEP), are all positively related to risk. The remaining 5 variables of information disclosure (DS), debt-to-total assets (TD), short-term solvency (CR), GDP growth rate (GDPg), and inflation (IR) are negatively related to financial risk. Our results emphasize the importance of disclosure and make several implications for companies.

The impact of marketing knowledge on Customer Satisfaction with mediating role of marketing innovation: evidence from Egyptian real estate development companies.

The impact of marketing knowledge on Customer Satisfaction with mediating role of marketing innovation: evidence from Egyptian real estate development companies.

The practice of Amoeba post-practice sustainable business model in real estate – taking zhongliang as example

This paper studies the practice of the amoeba model in China’s real estate industry, manage to analysis the advantages and disadvantages along the company’s development, taking the management case of Zhongliang as an example, which is a top 20th real estate development company, and considering the crisis in the post-epidemic market downturn environment. In conclusion, the article puts forward suggestions on the application of the amoeba model in the enterprise.Research aim. With the study of previous research, we leave questions. Is it possible to effectively implement the Amoeba model in China, given the circumstances of cultural differences between China and Japan? The motivation for the study in this paper is to schedule the Amoeba model in Zhongliang, China’s leading real estate company known for Amoeba’s management, to identify key factors in Amoeba’s widespread use and the impact of the system in the real estate industry during the pandemic.Results. What is Amoeba? The word amoeba originally refers to a single-celled amoeba whose body can protrude pseudopods in all directions, making the shape changeable, hence the name “amoeba”. The biggest characteristic of amoeba is that it can change with the changes of the external environment and constantly adjust itself to adapt to the living environment it faces. Kazuo Inamori introduced this idea into enterprise management, dividing the enterprise into several independent and tiny business units, each business unit realizes revenue independently, and conducts corresponding cost accounting, and then develops independent performance on this basis. Assessment. This advanced business model not only made the second electric power company he founded to become a Fortune 500 company, but also brought JAL back to life. Amoeba’s business model is not only refined management, but also enables enterprises to cultivate their own management talents. This model transforms large enterprises into small operations, which enables enterprises to maintain the advantages of large enterprises in scale and at the same time have the flexibility of small enterprises; at the same time, it improves the enthusiasm of employees to participate in operation, enhances the motivation of employees, and quickly cultivates talents for enterprises; through perfect accounting The mechanism enables enterprise leaders to grasp the actual situation of enterprise operation at all times, make correct decisions in time, and reduce the risk of enterprise operation.With the development of the economy, the requirements for management methods are gradually increasing, and the extensive management model is no longer suitable for the management requirements of modern enterprises. The amoeba management method proposed by Kazuo Inamori meets the requirements of modern enterprises and is increasingly favored by strategists. In an era of vigorous development of the real estate industry and fierce competition, after introducing the Amoeba business model in 2015, Zhongliang has reached a rapid growth from 3.5 billion to 100 billion by 2018.Conclusion. Zhongliang has been able to solve three main factors that could be the obstacles within its rapid growth path – structure, responsibility division and incentives for staffs. Firstly, with the rapid expansion of business and a large number of projects, the scope, difficulty and cost of group management and control have increased significantly. The headquarters has slow decision-making and low efficiency, and each functional department has a high degree of professional control and approval of everything; the service capacity is limited, and it cannot form a strong support for the project. Secondly, the project management team has unconsummated rights and responsibilities, lack of business awareness, and extensive project management leads to higher and higher project development costs, lower and lower project profit margins, and serious delay in the project development process. Last and the most important, with the introduction of a large number of excellent management talents, it is urgent to establish a corresponding talent development and incentive mechanism, to give all kinds of talents opportunities and platforms to fully display their talents, to fully stimulate their wisdom and potential, and to turn them into the driving force of enterprise development. Instead of a large inflow and outflow of staffs, human resources are wasted in the handover.

Factors Influencing the Adoption of Entrepreneurial Orientation in Nigeria’s Real Estate Firms

The study revealed both the factors influencing the Entrepreneurial orientation (EO) and the extent of its adoption by the real estate firms in South West, Nigeria. The population of the study consists of two groups of estate developers in the study area; the Real Estate Development Companies (REDC) and the Estate Surveyors and Valuers (PESV) in the study area. The study adopted a weighted Mean Score with a 5 Likert scale to appraise the factors affecting the EO of real estate firms and the perception of the respondents on the extent of adoption of the EO dimensions by the real estate firms. The finding of the study revealed that the issue of employees in dealing with situations was scored as the highest factor influencing EO of real estate firms The study concluded that factors relating to the issue of employees in the real estate business must be taken into consideration to increase business performance; the study recommends that the utilization innovativeness and other EO dimensions could lead to improved performance of the real estate firms. Therefore, the government and policymakers need to come up with a programme that could be tailored to help the real estate firm and integrate EO strategic behaviour in their management practices. Keywords: Entrepreneurial orientation, real estate firms, EO dimensions, performance. DOI: 10.7176/JESD/13-12-03 Publication date: June 30 th 2022

Toward Sustainable Tourism in Qatar: Msheireb Downtown Doha as a Case Study

Qatar has developed a strategy of sustainable tourism and development, which focuses on highlighting the spirit of the Qatari identity and heritage. This strategy goes hand in hand together with the line of the Qatar National Vision 2030. Hence, Msheireb Properties, which is a real estate development company and a subsidiary of Qatar Foundation, focuses in developing a sustainable tourism strategy. Thus, Qatari cultural heritage presented in the heart of the post-modern futuristic city of Msheireb through the project of Msheireb Museums that are hosted in four traditional houses. Msheireb Properties renovated the four houses in a sustainable way that aimed to create a dynamic relationship between tourism and cultural heritage. Msheireb Properties preserved models of traditional architecture through the establishment of Msheireb Museums. This article discusses the development of sustainable tourism in Qatar and the preservation of the Qatari cultural heritage and identity through the story of two museums in Msheireb, the Radwani House Museum and the Company House Museum.

Financing Options and Growth Rate of Real Estate Development Companies in Kenya

Financing decisions have been a challenge to real estate developers in Kenya. This is because, real estate investments are perceived to be capital intensive in nature. It is expected that real estate sector should develop in line with population increases which characterises most emerging economies. However, the provision of housing units per year is below the demand. In Nairobi region the demand for housing is 200,000 units per year while the actual production is estimated to be 50,000 units annually thus outlining a shortage of 150,000 units. Past studies indicate that where a robust financial market prevails, investors are able to access funds for investment projects. This current study seeks to establish the effect of financing option on real estate growth in Kenya. The specific objectives were; to determine the effect of mortgage financing on growth rate of real estate development companies in Kenya, to find out the effect of retained earnings on growth rate of real estate development companies in Kenya, to establish the effect of private equity on growth rate of real estate development companies in Kenya, to determine the effect of joint venture on growth rate of real estate development companies in Kenya and assess the moderating effect of firm size on relationship between financing options and growth rate of real estate development companies in Kenya. This study was be anchored by the following theories namely: lien theory of mortgages, pecking order theory, transaction costs theory, resource dependency theory and housing cycle theory. The target population of this study comprised of all the seventy-two companies who are members of the Kenya Property Developers Association (KPDA). The sample size comprised of twenty three companies which was thirty percent of the sample frame. The sample size was selected using simple random sampling design. This study used descriptive research design with a regression model with the regressor being real estate growth rate which was expressed in growth rates of housing units for each firm. Therefore, this study followed panel data analysis as individual firm data was collected for a time span of five years 2014 to 2018. Results showed that mortgage financing positively but insignificantly affected growth rates of real estate development companies in Kenya. Further results showed that retained earnings as source of financing option impaired significantly growth rates of real estate development companies. Private equity was found to improve growth rates of real estate development companies significantly. Joint venture too positively but insignificantly influenced growth rates of real estate development companies in Kenya. Lastly, firm size was found to be a non-moderator but rather an explanatory variable and impaired growth rates in a significant manner. This study recommended that real estate development companies should increase use of private equity in financing housing projects as this increases growth rates of the entities.

The Interpretation of Article 42-3 of the Inheritance andGift Tax Act―Legal Problems and Legal Improvements for Gift Tax on Expedient Gift Using Real Estate Development Company―

The Interpretation of Article 42-3 of the Inheritance andGift Tax Act―Legal Problems and Legal Improvements for Gift Tax on Expedient Gift Using Real Estate Development Company―

Effects of environmental orientation, green marketing mix and social capital on the competitive advantage of real estate developers in Bali

PurposeTo test and explain about the implementation of the green marketing mix strategy, based on an environmental orientation and social capital in increasing the competitive advantage of the real estate developer or company in Bali.Design/methodology/approachData collected in this study are primary data. Primary data collection is done by survey method using a research instrument in the form of a questionnaire. This research was conducted at real estate development companies in several cities in Bali. The sample unit is a real estate developer in Bali whose scope of operation project is at least 20 hectares, which means the scale of the property business is a middle-class and upper-class company. The unit of analysis is the company developer in Bali, while the respondent is General Manager, CEO or company owner. Data analysis employs inferential statistics of partial least square (PLS).FindingsThe findings in this study indicate that environmental orientation and competitive advantage do not have a significant direct relationship. However, it has an indirect effect through the adoption of a green marketing mix strategy. Thus, the application of the green marketing mix strategy has a positive and significant impact on increasing competitive advantage. Then, environmental orientation has a direct and significant influence on the application of the green marketing mix. Social capital has a positive and significant influence on competitive advantage.Originality/valueThe originality of this study is evident from the effort to deepen the analysis about the Competitive Advantage uses a green marketing mix strategy for real estate developers as a service company. Although there are many studies on EO, the results are still varied so that this becomes something interesting. Thus, in this study the concept of the effect of EO influence was developed on the implementation of the green marketing mix strategy by green property developers.

Structural Equation Modeling: The Impact of Leader Attitudes on the Innovative Work Behaviour in Real Estate Development Companies

Leadership and innovation management are academic disciplines of high interest to scholars for decades. The fast changing and volatile business environment require companies to constantly improve their processes to remain competitive on the market. In particular, real estate development companies significantly benefit from innovativeness as each property development is unique, underlies different construction purposes and laws. Therefore, real estate developers need to bring the developable area in line with the building construction. One major driver to boost the competitiveness of organisations can be found in the individual innovative work behaviour of employees. To benefit from the individual’s innovative work behaviour, leadership embodies a major influence factor. In particular, this article examines how leader attitudes affect the innovative work behaviour of staff members working in real estate development companies. Therefore, the author developed and calculated a structural equation model to examine this relationship. The results from the structural equation modelling show that integrity and loyalty positively and significantly affect the innovative work behaviour of employees in real estate development companies. Consequently, demonstrating loyalty and integrity from leaders towards staff members improves the innovativeness of the entire organisation. Moreover, this research supports the relevance for the trait approach to leadership as leader attitudes contribute to different extents to the innovative work behaviour.

Residential property and break-ins

PurposeThe purpose of this paper is to examine realtors and residents’ perceptions of the effectiveness of Crime Prevention through Environmental Design (CPTED) in reducing night-time and daytime break-ins in residential estate.Design/methodology/approachThe study adopted case study methods. Two residential estates (one at inner and the other at outer city) were selected as cases of the study. Data were collected from two sets of respondents: realtors and tenants. In the realtors’ cluster, all real estate and property development companies were sampled since the population is very small. Systematic sampling technique was used to select residents. Respondents were asked to answer closed-ended questions on socio-economic and demographic characteristics, perception of property crime, spending on CPTED and effectiveness of CPTED. Data were analyzed using the descriptive and inferential statistics.FindingsFindings disclose that more than half of the residents of inner and outer city had been victims of housebreaks and these incidences are expected to increase in the nearest future. To reduce break-ins, findings show that realtors and residents have spent on both formal and informal surveillance with emphasis on ensuring visual control over premises. Furthermore, respondents confirm the effectiveness of CPTED in deterring break-ins. The study establishes variation in the realtors and tenants’ perception of break-ins as spending on CPTED strategies vary between them, with locations and types of properties.Practical implicationsSocial and human factors remain very important as far as the prevention of break-ins is concerned. These should be taken into considerations when improving CPTED approach in the future. Besides, adequate attentions should be given to daytime break-in. Nonetheless, night-time break-ins should not be neglected. Furthermore, the study emphasizes the importance of visible, clean and well-lit premises as ways of reducing break-ins. It is therefore suggested that residential properties should be well lit at nights, while CCTV and security personnel be positioned in strategic places and within security viewing range so as to send fast alerts to the nearest police stations in the cases of break-in(s).Originality/valueVery few studies on effectiveness of CPTED have mainly concentrated on how CPTED works in residential estates. No study till date, have explored how realtors perceive CPTED in preventing break-ins. Besides, this study contributes to existing literature having revealed variation in the realtors and tenants’ spending on CPTED on the basis of property location and types of residential properties.

Environmental area conservation through urban planning: case study in Dhaka

Purpose There are some environmentally critical areas (ECAs) in cities such as flood flow areas, agricultural land, canals, rivers, water bodies, forests and hills that need to be conserved from land transformation. The purpose of this paper is to review the compliance, challenges and significance of urban planning, and to develop a contextual framework of urban planning for environmental area conservation to improve the urban environment in case study city Dhaka, the capital of Bangladesh. Design/methodology/approach This research is based on a qualitative thematic analysis of the available relevant literature. Findings This research identified non-compliance of the contemporary urban plans such as indiscriminate land conversion activities in the ECAs. Conflicting interests between the urban plans concerning protection of the conservation areas and business interests of the community people and the real estate development companies are identified as the major challenges. Dhaka faces several environmental problems such as loss of biodiversity and ecosystem, waterlogging, flooding, pollution, reduction of vegetation, groundwater depletion, temperature increase and a reduction in agriculture and fishing because of land conversion in the ECAs. Practical implications Urban planning with effective conservation area management, conflict resolution through communication and participation, creation of economic opportunity to generate income from the ECAs and assessment of the conservation strategies and interventions might ensure environmental conservation in Dhaka. Originality/value The conceptual framework of urban planning for environmental conservation is innovative as this could be a basis for other cities in Bangladesh and in other developing countries.

An Analysis of the Management Performance of Real Estate Development Company- Focusing on real estate development company in Seoul

An Analysis of the Management Performance of Real Estate Development Company- Focusing on real estate development company in Seoul

Barriers in Post-Merger Integration in the Real Estate Development Companies in the United Arab Emirates: An AHP Approach

Barriers in Post-Merger Integration in the Real Estate Development Companies in the United Arab Emirates: An AHP Approach

Cost Evolution Throughout the Construction Value Chain

This study is based on the following observation: there is a significant difference between the initial budget forecast and the final budget of construction project. Cost differences in construction projects between the first estimate made by the engagement committee and the actual construction cost at the end of the project are highlighted. Our study therefore focuses on indicators that track the overall cost of a construction project from the client's perspective, in this case the real estate development company. The objectives are as follow: Highlight cost variances in construction projects and analyze the gaps between the initial cost design by customer and final construction. The waste between the "design", “marketing” and "construction" phases is discussed. The paper also quantifies waste in terms of cost between the phases. The analysis reveal that the overall cost evolution is 2.59%, with 0.89% coming from the Construction phase and 1.72% from the Marketing phase, and 0.09% from the Design phase. The results could be of interest to a wide range of researchers working on the interface between the design and construction phases.

Strategizing the for-profit city: The state, developers, and urban production in Mega Manila

This article explores the evolving role of real estate developers in the wider metropolitan region of Manila, the Philippines. We argue that, given the relational nature of these actors, they are a relevant object of analysis for the formulation of “mid-level” theories that take into account both global, macroeconomic trends and local, history-dependent contingencies. As we consider developers’ activities and interactions with a wide range of public and private actors, we retrace their gradual empowerment since the beginning of the postcolonial period. As a handful of powerful land-owning families created real estate development companies, urban production quickly became dominated by a strong oligarchy capable of steering urban development outside the realm of public decision-making. Philippine developers subsequently strengthened their capacity by stepping into infrastructure provision, seemingly expanding their autonomy further. More recently, however, we argue that while the role of private sector actors in shaping urban and regional trajectories has scaled up, their activities have been tethered more strongly to a state-sponsored vision of change. Both by reorienting public–private partnerships (PPP) toward its regional plans, and by initiating new forms of public–private partnerships that give it more control, the state is attempting to harness the activity of developers. We characterize this shift as a move from the “privatization of planning” to the “planning of privatization” of urban space.

Green Finance in Singapore: Barriers and Solutions

Some Asian countries such as the People’s Republic of China and Japan are very active in green finance. This study reviews how green finance in Singapore is working, examines existing barriers, and suggests some solutions. Singapore, a well-established financial hub in Asia, aims to be a hub for green finance in Asia. The Monetary Authority of Singapore (MAS), the central bank of Singapore, has formed a network with seven other central banks in the world called the Central Banks and Supervisors Network for Greening Financial System, which intends to promote sharing of experience and best practices in green finance with other countries. Along with forming the network, the MAS has established a Green Bond Grant scheme to promote and ensure the issuance of green bonds in Singapore. In parallel, the Association of Banks in Singapore published Guidelines on Responsible Financing to promote and support environmental, social, and governance (ESG) disclosures. The Singapore Exchange asks its member firms to strictly comply with the ESG disclosures. At an individual firm level in Singapore, City Development Limited (CDL), a real estate development company, and Development Bank of Singapore Limited (DBS), a commercial bank, issued Singapore’s first and second green bonds in 2017. The proceeds of the CDL green bond are allocated to finance retrofitting and upgrading of a commercial building in Singapore, while the proceeds of the DBS green bond are to be invested in renewable energy and climate change adaptation, among other uses. How successful the two green bonds are in meeting their pronounced goals and how well and effectively they contribute to the diffusion of renewable energy remains to be seen.