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Publisher: U of Sri Jayewardenepura (Total: 2 journals) [Sort by number of followers]

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	Sri Lanka J. of Real Estate

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Sri Lanka Journal of Real Estate
Number of Followers: 0

This is an Open Access Journal

Open Access journal
ISSN (Print) 1800-3524
Published by U of Sri Jayewardenepura

[2 journals]

Real Estate Investment Performance Measurement in Nigeria: Problems and
Constraints Facing Professionals in a Highly Active but Opaque Market
- Authors: Chibuike Rowland Emele
  Pages: 1 - 22
  Abstract: Real estate investment plays a vital role in the economic system and the measurement of its performance provides a basis for the analysis of the state of the market and investment decision making at any point in time either at the property level, portfolio level or the property sector level. As a key indicator in the ranking of property markets across the world, real estate investment performance measurement has become an important index in the market maturity framework. However, the Nigerian real estate investment market has continued to be constrained by the absence of recognized performance measurement framework due to several factors. This study, which is part of an extended research, examines the problems and constraints that have militated against the construction of a performance measurement indices for the Nigerian market. The study carries out a questionnaire survey on a sample of 276 Estate Surveying and Valuation firms spread across the Nigerian real estate market. The data collected was analysed using the mean score to rank 21 identified factors that have limited the measurability of the market performance comparative to other globally recognized indices in other real estate markets. Out of the 21 limiting factors, 14 factors were specifically identified as having high impact levels on investment performance measurement of real estate in Nigeria. Among the 14 factors include absence of data unit that tracks market performance by the firms, inadequate information about the real estate market, lack of uniform performance measurement benchmark in the industry, limited knowledge of the performance measures by practitioners and the other factors. The study recommends urgent intervention by the Nigerian real estate professional body and its regulator in partnership with investors by creating an online based real estate specific information and data centre to address the identified problems in order to increase the measurability and transparency of the market.
  PubDate: 2022-12-31
  DOI: 10.31357/sljre.v19i02.6069
  Issue No: Vol. 19, No. 02 (2022)
Environmental Repercussions of Gem Mining in Sri Lanka
- Authors: P.E.S.M Jayawardhana, C.D. Udawattha
  Pages: 23 - 43
  Abstract: As an industry, the gem industry has positive impacts on the economy and society while having severe negative impacts on the environment and health. Most of these impacts cannot be recovered for an extended period of time while causing the deaths of all living organisms on Earth. This study has portrayed the environmental repercussions of traditional and mechanical gem mining techniques practiced by the gem miners in Ratnapura while discussing the remedies that can be adapted to overcome those environmental. The population of the study consisted of gem mining lands in Ratnapura, and a sample of five tunnel gem mine lands, five backhoe gem mine lands, and five river gem mine lands was selected. Data was collected through observation and direct discussions with gem miners to identify the environmental repercussions of gem mining activities. The analysis was done using a narrative analysis of qualitative research. The study found that while gem mining contributes significantly to the economic development of the country, the techniques used, including tunnel gem mining, backhoe gem mining, and river gem mining, have several negative impacts on the environment, such as water contamination, soil erosion, deforestation, loss of biodiversity and animal habitats, and nutrient depletion. The study suggests that environmentally friendly methods for gem mining should be adopted, and government regulation is necessary to reduce the impact of mining activities on the environment. The study provides valuable insights into the environmental impact of gem mining in Ratnapura and highlights the need for sustainable practices in the gem industry.
  PubDate: 2022-12-31
  DOI: 10.31357/sljre.v19i02.6355
  Issue No: Vol. 19, No. 02 (2022)
Analysis of Causes on Suburban Traffic Congestion Reference to Ragama
town, Sri Lanka
- Authors: N.C. Wickramaarachchi, K.A.N. Dias
  Pages: 44 - 68
  Abstract: A developed transportation system, connecting rail and road is an outcome of the substantial concentration of inter-related activities in an urban area. Thus, traffic congestion is inevitable. Congestion increases the travel time and decreases the efficiency of activities, consequently, congestion increases the economic cost of activities. Hence, traffic congestion is a problem for society and to the economy. A huge volume of literature is available on traffic and related research along with few concentrating on causes of congestion. Yet no studies focused on the sub-urban centers. Therefore, this research aims to analyse the causes on traffic congestion in one of the sub-urban areas of Sri Lanka. The study focused on four major issues, such as physical, technical, social, and legal. Data were collected using a five-point Likert scale questionnaire from conveniently selected 70 commuters, and in-depth interviews were conducted with five professional experts on the same factors. Analysis completed in both quantitative and qualitative approaches and the findings indicate physical and technical issues are significant in both analysis. Hence, the policy makers advise to consider the remedies more on physical and technical factors to improve the smooth flow of traffic.
  PubDate: 2022-12-31
  DOI: 10.31357/sljre.v19i02.6357
  Issue No: Vol. 19, No. 02 (2022)
Factors Affecting Rooftop Solar Photovoltaic System Adoption Intention:
With Special Reference to Middle-Income Households in Kaduwela Municipal
Council Area, Sri Lanka
- Authors: H.T. Wickremasinghe, V. O. Thrishali
  Pages: 69 - 92
  Abstract: The generation and supply of electricity is a prominent contemporary topic in Sri Lanka. Due to high dependency on non-renewable imported energy sources and due to various economic instabilities, a number of challenges have emerged leading to disruption of continuous electricity supply at affordable prices. Thus, it is high time to consider alternative renewable sources of energy and most specialists consider solar energy as one of the most promising technologies. Despite of benefits of solar energy and all the initiatives taken by different parties, Sri Lanka is still at a lower level of producing electricity using solar systems. This study aims to identify the factors affecting rooftop solar photovoltaic system adoption intention of middle-income households in Sri Lanka. The data was collected through a structured questionnaire targeting 75 middle-income residents in Kaduwela area selected using simple random sampling technique. The collected data were analysed using descriptive and inferential analyses. The study findings revealed that both motivating factors and barriers make an impact on rooftop solar photovoltaic system adoption intention. However, situations prevail where not all components of those factors impact adoption intention similarly. The study findings lead to a better understanding of the complex relationships between motivating factors, barriers and rooftop solar photovoltaic system adoption. These insights may be used to evaluate motivating factors and barriers to find relevant interventions in encouraging motivating aspects more while mitigating the barriers, as immense number of benefits can be gained from rooftop solar photovoltaic systems to the country.
  PubDate: 2022-12-31
  DOI: 10.31357/sljre.v19i02.6315
  Issue No: Vol. 19, No. 02 (2022)
Exploring the Complexities of Millennial Housing Choices: An Analysis of
the Influence of Neighborhood Factors
- Authors: P.C. Kaluthanthri, K.H.M.S.B. Jayawardhana
  Pages: 93 - 122
  Abstract: The varied behaviors and values exhibited by individuals from different age groups have had a significant impact on the availability of housing options in the residential market. Housing preferences are highly personalized, with observable differences in choices across generations. In today's housing market, the most influential consumer group is the millennial generation, born between 1981 and 1996, who are considered to be optimistic, open-minded, innovative, confident, motivated, and intelligent. The housing choices made by millennials are particularly influential in the performance of the housing market, and the factors associated with neighborhoods have played a critical role in determining such choices over recent decades. Nevertheless, previous studies have primarily focused on the general housing buyer's perspective, without considering the unique perspectives of the millennial generation. In this context, this study seeks to investigate the diverse neighborhood factors that shape the housing decisions of millennials in Colombo district, Sri Lanka. Four dimensions of neighborhood factors were identified as social neighborhood, natural environment, neighborhood safety, and accessibility, and hypotheses were tested for each dimension concerning housing choices, which were evaluated as a single dependent variable. The study employed a sample of 145 millennials in Colombo District, with data collected through a survey questionnaire utilizing the convenience sampling technique. PLS-SEM was used for data analysis. The results suggest that accessibility has a significant impact on housing choices, while natural environment has a moderate influence. In contrast, the research showed that neighborhood safety minimum influence on the housing choices of millennials. The finding confirms that social neighborhood does not have a significant impact on housing choice. The result of the study makes significant implications for real estate market investors and planning professionals, as it provides insight into the neighborhood factors that impact a buyer's purchasing decision and enhances understanding of millennial consumer behavior in urban areas.
  PubDate: 2022-12-31
  DOI: 10.31357/sljre.v19i02.6356
  Issue No: Vol. 19, No. 02 (2022)