Real Estate Planning Research Articles

The Importance of Green Real Estate Planning and Development

Abstract Green real estate (GRE) planning and development have become critical to achieving environmental sustainability and urban resilience. This paper explores the importance of incorporating eco-friendly techniques into real estate developments, with a focus on lowering carbon footprints, increasing energy efficiency, and encouraging sustainable land use. Regulatory rules, market demand, and technical breakthroughs are all key drivers of green development. The study emphasises the advantages of green buildings (GB), including better health outcomes, lower costs, and higher property values. By evaluating case studies and current research, this study emphasises the importance of stakeholders implementing sustainable practices to reduce environmental consequences and promote long-term economic growth. The findings call for a coordinated approach between governments, developers, and communities to ensure the success of green real estate programs.

Assessing Factors Contribute to Unclaimed Properties in Selangor--Post-pandemic Scenario

Real estate planning is the exertion plan, which must be made to distribute the property owned by the property owner to the beneficiaries when the owner passes away in order to prevent problems or arguments later on. This paper aimed to study the effect between knowledge, heir’s awareness, and complex administration process toward unclaimed properties among residents in Selangor in the context of post-pandemic scenario. This study reviewed the literature of past research of factors that influenced unclaimed properties. The construct variables used in this study were knowledge, awareness, and complex administration process. This study adopts online survey questionnaire to collect 384 valid responses from the residents in Shah Alam, Selangor. These collected data were analyzed using SPSS version 25 and the results were gathered through pearson’s correlation coefficient. The findings revealed all variables were significantly influenced by unclaimed properties. The implication of this study was to focus on smaller sample in Selangor while sample size should give another significant outcome. Government and state authority must come up with mountainous strategies to overcome this issue by imposing several initiatives.
 Keywords: faraid, heirs awareness, knowledge, Malaysia, unclaimed properties

The Spatial Effect of Accessibility to Public Service Facilities on Housing Prices: Highlighting the Housing Equity

Understanding how public service accessibility is related to housing prices is crucial to housing equity, yet the heterogeneous capitalisation effect remains unknown. This study aims to investigate the spatial effect of public service accessibility on housing prices in rapidly urbanising regions. Here, we propose a novel methodological framework that integrates the hedonic price model, geographical detector model and the spatial association detector model to understand housing equity issues. The rapidly rising housing prices, vastly transformed urban planning and heterogeneous land use patterns make the urban centre of Wuhan a typical case study. High-value units of public service accessibility are concentrated in built-up areas, while low-value units are located at the urban fringe. The results indicate that larger public services have more significant clustering effects than smaller ones. Recreational, medical, educational and financial facilities all have capitalisation effects on housing prices. Both the geographical detector model and the spatial association detector model could identify the drivers of housing prices, but the explanatory power of the latter is greater and could enhance the validity and reliability of the findings. We further find that the explanatory power of the driving factors on housing prices obtained from the spatial association detector model is greater than that of the geographical detector model. Based on the spatial association detector model, the main drivers of public service facilities are accessibility to restaurants and bars and accessibility to ATMs. In addition, there are bivariate or nonlinear enhancement effects between each pair of driving factors. This approach provides significant insights for urban environmental development planning and local real estate planning.

ANALYSIS OF THE CURRENT STATE AND MAIN TRENDS IN THE REAL ESTATE MARKET OF UKRAINE

The subject of the study is the processes of the current state and the main trends in the real estate market of Ukraine. Methodology. The research was conducted using general scientific methods, in particular: theoretical generalization, methods of positive and normative analysis, statistical analysis. The goal is to analyze the processes of the current state and the main trends in the real estate market of Ukraine. Research conclusion. The main trends in the real estate market of Ukraine are highlighted. The legal features ensuring the real estate industry are determined: restrictions and simplifications concerning the functioning of the real estate market. Trends in the formation of real estate prices on the primary and secondary market are highlighted. The structure of the primary and secondary market by types of real estate planning and by types of housing was analyzed. It is emphasized that the buyers, as before the war, need compact quarters or mixed type of buildings of different floors, in which, in addition to housing, all necessary infrastructure is provided (grocery stores, cafes, pharmacies, schools, kindergartens, playgrounds, recreation areas, offices, etc.). However, due to the war, specific requirements are added to the standard ones, such as the safety of the complex, for example, the presence of underground parking adapted for bomb shelters, etc. The price of apartments has already increased, especially in hryvnia equivalent. The average price per square meter is higher than in February, 2022. The growth trend will continue in the post-war period. After all, the price is directly affected by the buying mood of customers, the weakening of the hryvnia against the dollar, the pace of construction recovery, and the remoteness of the region from hostilities. Taking into account the rising cost of construction materials and complicated logistics, the price per square meter for new construction projects will increase significantly. In addition, new players are entering the real estate market, such as temporarily displaced persons who have adapted and plan to stay, workers who have moved due to company relocations, and investors who have decided to protect their investments. The significant slowdown in the pace of construction, the lack of new facilities, despite weak demand, will lead to a certain shortage of high quality residential projects and, consequently, a shortage of comfortable and liquid residential properties on the market. Ukraine expects a decrease in the purchasing power of the population and, accordingly, a decrease in the opportunities to purchase real estate. The way to avoid these complications is the intervention of the state and local self-government bodies, for example, communal housing, which will belong to the community, can be rented on a long-term basis to vulnerable sections of the population, immigrants and those groups of people who need it but cannot afford to buy it.

Философская проблема гармонизации формы и содержания в современных процессах урбанизации

The article analyzes the phenomenon of Chinese ghost towns, characterized by sparsely populated and mostly unpopulated skyscrapers, residential buildings and grandiose squares. The work raises the philosophical problem of harmonization of form and content in modern urbanization processes. At the same time, there is no ready-made recipe, an algorithm for such harmonization. At the same time, it can be achieved if the people responsible for the implementation of the relevant projects are in constant close contact with the population and civil society, developing joint and compromise ways of resolving conflicts that arise. The paper emphasizes that the study of the phenomenon of ghost towns is complicated by the presence of methodological difficulties in assessing the scale of this phenomenon, as well as the lack of a generally accepted definition. The problem with China's ghost towns stems from rapid and overly ambitious real estate planning. The author concludes that most of the literature on ghost towns uses either a descriptive approach or focuses on financial and economic analysis. At the same time, the fundamental causes or processes that resulted in this phenomenon are rarely analyzed.

Perceptions of Academics on Real Estate Topics in Africa

Abstract This paper presents the perceptions of academics on real estate topics offered in Bachelors Real Estate (BRE) curricula in Africa. In order to understand the perceptions of academics on real estate topics, a survey of seven selected BRE curricula offered in different regions of Africa was conducted to determine important real estate topics academics included in the curricula. After analyzing the curricula, sorting and re-grouping the topics: Real estate management, Real estate valuation, Real estate economics, Real estate finance and investment, Real estate development, Real estate law, Real estate planning, Real estate research, Real estate industrial training and Real estate electives emerged to be important topics the academics considered to include in the curricula. The topics are in line with those expected in a real estate curriculum. In addition, results revealed that BRE curricula follow the interdisciplinary approach to real estate education. Findings will encourage universities in Africa and elsewhere to develop comprehensive real estate curricula or improve existing ones to accommodate the interdisciplinary approach and the international perspective of real estate education because of their benefits. The study will also support the harmonization of real estate education, practice, investment and business in Africa, hence contributing towards the economic development of the continent.

House Prices, per Capita Income and Real Estate Planning Investment—An Empirical Study Based on Anhui Province

In order to explore the relationship between housing prices, per capita disposable income and real estate planning investment, this article uses the data of average sales price of Anhui Province from 2000 to 2018, per capita disposable income and real estate planning investment as samples to establish multiple linear regression. The model found a significant positive correlation between house prices and income. By using EVIEWS9.0 analysis software,three quantitative relationship between those who came to the conclusion functional relationship is: In Yt∧ = 5.1649 + 0.0803X1t∧ + 0.4266X2t∧.

Determinants and Pattern of Urbanization and Counter-Urbanization: The Case of South Asia

Developing countries are experiencing rapid and unguided urbanization which may contribute to increase poverty. Managing rapid urbanization is crucial for sustainable development. The main purpose of this article is to explore the determinants, trend and status of urbanization and counter-urbanization in South Asia. The effects of urbanization and counter urbanization has influence on land use pattern and real estate planning in South Asia. Urbanization in South Asia provides opportunities for education, employment, better housing, updated technology transfer, markets for agricultural products and better physical treatment facilities by gathering well educated and skilled people. While the urbanization is increasing gradually in most of the megacities in South Asia but the trend of counter urbanization is less than the urbanization. The paper concluded with some policy recommendations including public-private partnership for sustainable urban development in South Asia.

500 (A Case Study of the Life Planning for Single Mothers in Their 50s)

Korean Abstract: 본 연구는 인생중심 재무설계라고 불리는 라이프플래닝 상담사례에 대한 내용이다. 실제 재무설계사가 재무설계 프로세스를 준수하며 고객과 상담을 진행하였던 사례이며, 우리 주변에 흔히 볼 수 있는 평범한 한국 가정에 대한 내용을 담았다. 본 사례연구에서는 재무설계 각 분야인 지출관리, 위험(보험)설계, 투자설계, 부동산설계, 은퇴설계 등을 재무설계 6단계 프로세스를 준수하며 진행하였고, 라이프플래닝 기법을 적용하여 고객 인생 전반의 문제를 해결하기 위하여 상담을 진행하였다. 본 사례에서는 중학생 아들을 둔 50대 가장으로서 한부모가정을 이끌어가는 어머니가 겪는 재무관련 문제 뿐 아니라, 청소년 자녀와의 사이에서 생기는 다양한 고민을 라이프플래닝으로 풀어가고자 하는 과정을 포함하였다. 재무설계사는 고객의 가장 중요한 재무적 문제를 노후대비와 자녀학자금 문제로 파악하였고, 이를 효과적으로 해결하기 위한 재무설계안을 제시하였다. 본 연구를 통하여 재무설계 6단계 프로세스 각 단계의 의미와 라이프플래닝을 통하여 고객과 소통하는 모습의 중요성을 다시 한 번 생각해 볼 수 있으며, 해당 경험이 부족하여 갈증을 느끼고 있는 많은 재무설계사들에게 간접적인 경험을 제공하고자 한다. English Abstract: This study presents a case study of Life Planning which is termed life - oriented financial planning. This includes an actual financial planning process via which a financial planner consulted with the customers in a six-step process of financial planning, which reflects the common problems of Korean households. In this case study, cash management, insurance planning, investment planning, real estate planning, and retirement planning, were implemented in accordance with the six steps of financial planning. The consultations were carried out to solve the various problems affecting the clients’ whole lives. The proposed financial plans include the process of solving various troubles that may occur between mothers and their adolescent sons, and the financial problems of mothers in their 50s who lead single parent families from the life planning perspectives. In this case study, the financial planner identified ‘retirement preparation’ and ‘tuition’ as the most important financial issues of the clients, and he proposed financial planning propositions in order to solve them effectively. This study emphasizes the importance of communication with customers and the six- step process in financial planning. It also provides indirect experience for many financial planners who are lacking in any actual experience with Life Planning.

Mathematics Admission Test Remarks

Abstract Since 2014, there have been admission tests in mathematics for applicants to the Estonian University of Life Sciences for Geodesy, Land Management and Real Estate Planning; Civil Engineering; Hydraulic Engineering and Water Pollution Control; Engineering and Technetronics curricula. According to admission criteria, the test must be taken by students who have not passed the specific mathematics course state exam or when the score was less than 20 points. The admission test may also be taken by those who wish to improve their state exam score. In 2016, there were 126 such applicants of whom 63 took the test. In 2015, the numbers were 129 and 89 and in 2014 150 and 47 accordingly. The test was scored on scale of 100. The arithmetic average of the score was 30.6 points in 2016, 29.03 in 2015 and 18.84 in 2014. The test was considered to be passed with 1 point in 2014 and 20 points in 2015 and 2016. We analyzed test results and gave examples of problems which were solved exceptionally well or not at all.

Greening up our cities: Bringing new value to new spaces in the Paris region

Measures to green up cities and built-up areas have begun to spread faster in recent years. For architects, property developers, business property users and local communities, this no longer means reserving a small area of green space in urban and real estate planning, today, greening up means imagining buildings or even entire cities that carry plants and vegetation, with nature taking a dominant place. After years of being considered remote and obscure subjects by urban actors, especially businesses, greening up and biodiversity are now in the front line of debates. As urbanisation gathers pace across the planet and our natural environments become fragmented, devoting attention to these issues is a genuine factor for differentiation and greater appeal, as well as a channel for innovative positioning in sustainable development. But this new paradigm raises two questions concerning the meaning and true functions of greening up, and the technical and economic factors that must be taken into consideration by the real estate sector. This paper sets out to achieve a better grasp of what is at stake in greening up, especially greening up our buildings, and to identify the additional value it provides for businesses in addition to sustainability benefits. Against the dual background of the ‘Grand Paris’ plans for the Greater Paris area and the city council's aim to make Paris one of Europe's green capitals, the case of the Paris region is particularly interesting to explore.

Corporate real estate management in Singapore: A business management perspective

Abstract Corporate real estate management (CREM) practices in Asia have been a relatively under‐researched area compared with those from Europe and North America. This paper represents an attempt to enhance the current knowledge of CREM in Asia. Part I of this study provides a snapshot of CREM practices among Singapore multi‐national companies (MNCs) and listed firms. Ninety‐seven firms were surveyed on three main business management perspectives: corporate real estate planning, corporate real estate organizational structure and corporate real estate performance. The study found that in general, corporate real estate (CRE) is under‐managed among MNCs and listed firms in Singapore. Creating awareness of the importance and relevance of good CREM practices is therefore the most pertinent task. Part II of this paper focuses specifically on CRE performance. A data‐driven analytical technique is adopted to study the direct and indirect effects of performance factors on corporate real estate. The results indicat...

CORPORATE REAL ESTATE MANAGEMENT IN SINGAPORE: A BUSINESS MANAGEMENT PERSPECTIVE

Corporate real estate management (CREM) practices in Asia have been a relatively under‐researched area compared with those from Europe and North America. This paper represents an attempt to enhance the current knowledge of CREM in Asia. Part I of this study provides a snapshot of CREM practices among Singapore multi‐national companies (MNCs) and listed firms. Ninety‐seven firms were surveyed on three main business management perspectives: corporate real estate planning, corporate real estate organizational structure and corporate real estate performance. The study found that in general, corporate real estate (CRE) is under‐managed among MNCs and listed firms in Singapore. Creating awareness of the importance and relevance of good CREM practices is therefore the most pertinent task. Part II of this paper focuses specifically on CRE performance. A data‐driven analytical technique is adopted to study the direct and indirect effects of performance factors on corporate real estate. The results indicate that only corporate real estate planning and the existence of a real estate unit have a direct impact on corporate real estate performance. This finding is both theoretically expected and important. The results reinforces current literature postulations on the importance of strategic planning as the key skills that corporate real estate managers need to be equipped with to meet the challenges ahead.

Putting corporate real estate executives in the driver’s seat: Information technology tools enable new possibilities

Tools for real estate planning, acquisition, disposition and portfolio management have improved dramatically over the past several years, creating new potential for corporate real estate executives to deliver workplace solutions in a more timely, cost‐effective manner throughout the occupancy life cycle. As large ‘customers’ in the real estate industry, corporate real estate (CRE) executives can impact the development and application of the next generation of information tools. In addition, widely expanded access to market information puts them in a more powerful position relative to other industry players. These factors uniquely position CRE executives to take advantage of new possibilities.

Influences on Australian organisations’ new space demands

New business opportunities and challenges are changing the structure of office, industrial and retail organisations and altering the pattern and demand for space. These agents of change on organisations’ decisions for new space formed the basis for a questionnaire survey of 167 new space occupiers. An index of degree of importance constructed from the results can provide a new platform for corporate real estate planning and a strategic approach to commercial property market decisions.