JournalTOCs

International Journal of Sustainable Real Estate and Construction Economics
Number of Followers: 2

Hybrid journal (It can contain Open Access articles)
ISSN (Print) 2059-7770 - ISSN (Online) 2059-7789
Published by Inderscience Publishers

[450 journals]

Short review on factors influencing real estate and hedonic pricing module
- Authors: Kazi Parvez Fattah, Maruf Mortula
  Pages: 287 - 297
  Abstract: Population urbanisation is the narrow measurement for urbanisation level. By identifying the connections among industrialisation, urbanisation and population migration, this paper reveals that industrialisation is an essential cause for urbanisation and population migration, followed by expanding requirement of accommodation, which generated the motivation for real estate development. Thus, the real estate development is the result of urbanisation. Higher urbanisation level usually lead to higher real estate price based on the supply and demand relationships in marketing theory. Besides the macro factors stimulating real estate price, this paper reviewed several micro factors studied by previous researchers like location or accessibility, external and internal facilities. Location is normally calculated by distance to the city centre or other facilities. Broadly used for evaluating and predicting real estate pricing since 1980s, hedonic module is a multiple linear regression module especially used for exploring the effectiveness of various factors influence on real estate price. This paper reviewed several researches used hedonic pricing module and the variables used to measure that influence. With the comparison of artificial neural network, this paper summarised the comments from other scholars for hedonic, contrasting the advantage and disadvantage of hedonic method.
  Keywords: real estate; urbanisation; migration; hedonic
  Citation: International Journal of Sustainable Real Estate and Construction Economics, Vol. 1, No. 4 (2019) pp. 287 - 297
  PubDate: 2020-04-09T23:20:50-05:00
  DOI: 10.1504/IJSRECE.2019.106501
  Issue No: Vol. 1, No. 4 (2020)
Why 'spicy measures' fail to cool down Hong Kong's housing
market?
- Authors: Jing Li, Wui Wing Cheng, Kam Hung Chui
  Pages: 298 - 313
  Abstract: A notable feature of Hong Kong's current housing market is that despite various restrictive policies on home buyers, housing prices maintain unrelenting increases. This paper explores why the so-called 'spicy measures', a series of stamp duties and charges on non-local and local home buyers, fail to prevent housing price escalations in Hong Kong. Based on granger causality test of monthly data from 2008 to 2016, we unravel this puzzle from two aspects: overflow of liquidity and low interest rate environment. Granger causality test results reveal that the impact of low interest rate is short-termed, while the impact of excess monetary supply is long-lasting. The findings challenge the prevalent view that Hong Kong government has little to do with housing market exuberance, as spicy measures increased the transaction costs of home buyers according to the Coase theorem. The major policy implication is that charging tax may be ineffective to cool down housing prices if market demand is robust. The paper sheds light on understanding the housing price dynamics with varying market demand over time, an academic void not adequately filled in so far.
  Keywords: spicy measures; housing price; whose city; Hong Kong
  Citation: International Journal of Sustainable Real Estate and Construction Economics, Vol. 1, No. 4 (2019) pp. 298 - 313
  PubDate: 2020-04-09T23:20:50-05:00
  DOI: 10.1504/IJSRECE.2019.106510
  Issue No: Vol. 1, No. 4 (2020)
Implications of real estate regulatory authority and goods and services
tax on the Indian real estate sector
- Authors: M.S. Ranadive, Pranoti Deepak Dare
  Pages: 314 - 332
  Abstract: Every country has its own real estate sector and taxation policy, hence the rules and regulations governing the same differ. In India, the Real Estate (Regulation and Development) Act, 2016 and the Goods and Services Act, 2017 were passed which came into effect from 2017. The real estate sector being one of the major sectors contributing towards the gross domestic product of the country has been affected to a great extent because of these two bills. An effort has been made to draw out changes which have been brought out by the two laws on the real estate sector. Real estate regulatory authority (RERA) will curb the malpractices which were followed in the real estate sector due to lack of regulation. The prices of real estate projects have incremented post implementation of goods and services tax (GST). The study is based on a questionnaire survey. The statistical analysis is performed by technique for order of preference by similarity to ideal solution (TOPSIS).
  Keywords: real estate regulatory authority; RERA; goods and services tax; GST; Maharashtra Ownership of Flats Act; MOFA; real estate; TOPSIS
  Citation: International Journal of Sustainable Real Estate and Construction Economics, Vol. 1, No. 4 (2019) pp. 314 - 332
  PubDate: 2020-04-09T23:20:50-05:00
  DOI: 10.1504/IJSRECE.2019.106514
  Issue No: Vol. 1, No. 4 (2020)
Evaluation and identification of factors affecting the growth of real
estate market in India
- Authors: Sankalp Srivastava, Charu Bisaria
  Pages: 333 - 350
  Abstract: The purpose of this article was to evaluate and identify the various factors and also know the effect of critical factors on the growth of the real estate market in India. we have applied the exploratory research design to know the new facts about the real estate market and formulate the null hypothesis and also used the descriptive research design to test the null hypothesis on the basis of using the regression analysis. After analyzing the above case we would be in a position to know the effect of the various critical factors on the growth of the real estate market in India. The sample size for this study was 260. The practical implication of this research paper was to know the real estate market growth in India.Since this research was conducted purely on the basis of the primary data, hence we are sure for the originality of this research paper.
  Keywords: real estate market; RERA; demonetisation
  Citation: International Journal of Sustainable Real Estate and Construction Economics, Vol. 1, No. 4 (2019) pp. 333 - 350
  PubDate: 2020-04-09T23:20:50-05:00
  DOI: 10.1504/IJSRECE.2019.106533
  Issue No: Vol. 1, No. 4 (2020)
High fatalities risk found in gulf construction
- Authors: Tariq Umar, Charles Egbu, George Ofori, Mohamed Shaik Honnurvali, Messaoud Saidani, Alex Opoku
  Pages: 351 - 376
  Abstract: It is predicted that the construction industry will be growing in the future, and that could lead to an increase in risks in work safety and accidents. This paper presents the current status of occupational safety and health in the Gulf region by providing a comparison with those of some of the most advanced countries in the world. According to our data, the Gulf countries have a poor record of work safety and health. Therefore, this research aimed to identify the main factors and provide some solutions for key areas, so that the construction industry could improve its safety performance. Our findings from the literature and from the semi-structured interviews held with the selected professionals suggest that the major areas are: lack of awareness of the importance of safety and costs resulting from accidents; environmental and climatic factors; implementation of rules for developing a culture of harmless working conditions.
  Keywords: project management; construction management; safety and hazards; management; health and safety; heat stress; safety climate; health factors; systematic review; GCC countries
  Citation: International Journal of Sustainable Real Estate and Construction Economics, Vol. 1, No. 4 (2019) pp. 351 - 376
  PubDate: 2020-04-09T23:20:50-05:00
  DOI: 10.1504/IJSRECE.2019.106544
  Issue No: Vol. 1, No. 4 (2020)