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The intensity of Bangkok's urban heat island during the dry season can be as high as 6–7° and in the densest areas the urban heat island's intensity is approximately 4°C. The urban heat island thus is causing a city already oppressively hot to become even hotter. The urban heat island also contributes to health problems, such as heat stroke and fatigue, particularly to those with lower incomes. We historically examine the numerous causes of Bangkok's urban heat island, such as the lack of green space, high levels of air conditioning, and high rates of vehicle exhaust fumes. For example, Bangkok has only three square metres of green space per person which is one of the lowest in all of Asia. Local governmental weaknesses, administrative fragmentation, prioritisation of economic growth and limited buy-in from the private sector have intensified Bangkok's urban heat island, and imposed numerous barriers to actions that would reduce heat, such as establishing green space, restructuring urban transport or creating and following an effective urban plan. Ideas mooted to remedy these problems have yet to come to fruition, largely because of bureaucratic inertia, fragmentation and divisions within the relevant lead organisations. The political ecology lens also reveals how political–economic processes largely determine the vulnerability of urban inhabitants to heat, but also that thermal governance is highly unequal and unjust. Those who contribute to and profit the most from Bangkok's urban heat island, such as real estate developers, shopping mall owners, and automobile corporations, suffer the least from its effects, whereas low-income communities hardly contribute to this problem, yet are the most vulnerable. [ABSTRACT FROM AUTHOR]

Copyright of Umsatzsteuer-Rundschau is the property of De Gruyter and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

There is lack of understanding of sustainability literacy of real estate practitioners and the extent their literacy level can contribute to sustainability performance in housing delivery in Ghana. This study seeks to assess the sustainability literacy level of real estate practitioners in Ghana and the contribution of their knowledge level to sustainability performance in housing delivery. From extant literature review, 25-item indicator variables from three (3) dimensions of sustainability literacy measurement were identified. This 25-item indicator variable was developed into a questionnaire for a survey on real estate practitioners from the Ghana Real Estate Development Agency. Mean score analysis, weighted score, sensitivity analysis, analysis of variance, item-total correlation analysis, reliability and validity assessments were conducted on the data gathered. The results revealed that real estate practitioners had a generally satisfactory sustainability literacy level across the three dimensions. It further showed that the practitioners have high literacy levels in 11 of the indicator variables across the three dimensions. In the case of the contribution to sustainability performance, a combination of the three dimensions of sustainability literacy suggest a significant contribution to sustainability performance in housing delivery than a single or two dimensions combined. These findings provide insight into sustainability literacy of real estate practitioners and the extent their literacy levels across the three dimensions can contribute to sustainability performance in housing delivery. The findings reinforce the significance of the sustainability knowledge of real estate practitioners in contributing to the success of integration of sustainable concepts in housing delivery to engender sustainability performance in Ghana. [ABSTRACT FROM AUTHOR]

Purpose: The aim of the article is to continue research on the resilience of participants in the housing market to economic shocks and disruptions-in this case, the supply side of the market, i.e., the developer. The goal is also to answer research questions such as: does the developer, as a professional market entity, demonstrate resilience in this regard? Previous research results have shown that the demand side of the market is not resilient to such negative phenomena. Design/methodology/approach: The study is based on the existing literature on resilience concepts and the compilation of statistical data on developers and market conditions during the period of 2018-2023. By analyzing the sales revenues of 32 publicly traded developers during the studied period, their resilience to economic shocks and disruptions was assessed. Findings: The research found that most developers (about 70%) showed resilience to the effects of the pandemic, the outbreak of the war in Ukraine, and rising inflation. It can be inferred that this resilience is related to the long-term investment process and the specifics of the housing market. Research limitations/implications: The study’s results provide a valuable source of information about resilience of developers in real estate market and partially complements existing research in this area. Originality/value: The conducted research provides new insights into the resilience of enterprises to economic shocks – in this case, developers in the housing market. The article is primarily aimed at individuals interested in real estate market research as well as those interested in the concept of enterprise resilience. [ABSTRACT FROM AUTHOR]

Affordable housing is among the biggest policy challenges facing cities worldwide. Treating New York City as a case study, this paper reviews a multifaceted toolkit to combat the housing crisis. Specifically, the analysis focuses on how the government incentivises real estate developers to build affordable housing, with both financial incentives such as tax abatements, tax credits and loans funded by tax-exempt bonds and non-financial means such as zoning regulations. The study demonstrates both the successes achieved by New York City and the unintended consequences that emerged from these interventions, and the research argues that beyond financial and economic considerations, long-range spatial planning factors play a pivotal role in the formulation of effective affordable housing policies. The research underscores the need for policy makers globally to take a holistic approach and integrate various elements of city growth to address the intricate challenges posed by housing crises in urban environments. [ABSTRACT FROM AUTHOR]

Home should be a place for social activities that satisfy both physical and social needs. Real estate developers in Jeddah currently show little consideration for cultural and social patterns of users in residential interior layouts. Therefore, this study aims to investigate apartments released by real estate developers in Jeddah from users' perspectives. Qualitative and quantitative approaches are applied through in-depth interviews with 21 participants. The interviews investigate participants' satisfaction, desire to make changes, reasons for making changes, and reasons for not making changes. This study finds that the majority of participants want to make changes to the layout of their homes owing to social activities. The SPSS analysis shows that most participants are less satisfied with the home layouts of RED than homes that are self-built, with a statistical significance of P = 0.002. This study recommends that RED companies should consider open spaces when designing apartments for sale so as to allow users to divide the interior layouts of reception and living zones according to their needs. In order to achieve this by RED, the study recommends more study by electrical engineer for electricity switches location, architects for window location, and construction engineers for column arrangement. Article Highlights: This study investigates satisfaction with apartments bought in Jeddah, Saudi Arabia. The study discusses finding in comparison between self-builder and Real estate- developer. The study conducts 21 interviews with residents and applies a mixed qualitative– quantitative approach for the analysis. The study discussed privacy, safety and room size or layout as factors for making changes. In this study a self-builder refers to an owner who deals with a contractor to build a home on their land. RED refers to Real estate developers [ABSTRACT FROM AUTHOR]

This article scrutinizes the often forced collaboration between the arts sector and urban development. Despite prevailing narratives that cast artists’ involvement positively in urban revitalization, this global trend, integral to creative city policies for urban development, conceals complexities. Highlighting how these seemingly cooperative practices are rehearsed in global cities and replicated in peripheral cities such as Brisbane, Australia, this examination has been largely prompted by the 2020 sale of the Metro Arts building in Brisbane. The location of this multi-arts institution was an incredibly valuable asset in a city that aims to promote its creative city credentials. Moreover, despite the substantial public investment in Metro Arts’ building, its sale was misrepresented as a private matter. A close examination of this event reveals the ways property developers can be tremendously influential upon the arts and cultural sector—what, where and how art is commissioned and displayed, and ultimately, what is publicly funded. [ABSTRACT FROM AUTHOR]

Responding to the polarized view of artists either being displaced or co-opted in urban regeneration, this paper unveils a middle ground in which artists also act as partners or co-producers in these processes. We illustrate this intermediary role in property development processes with reference to a case study of the Seaport Innovation District in Boston by drawing upon a survey of resident artists and interviews with artists, planners, architects and economic development specialists. The paper makes two contributions to the literature. It offers a fresh look at the dialectical relationship between cultural and economic modes of production by more fully integrating consideration of artists’ sensibilities and practice with those of a host of built environment disciplinary practices including architects, planners and real estate developers. As a result, it extends extant analysis of urban regeneration-led gentrification from its urban planning, geography and sociology disciplinary roots into the disciplines of architecture and real estate. Our findings lead onto a research agenda centered on consideration of the intermediary roles played by creative and cultural sector actors and how creativity might be captured to positive effect, in the production of the built environment. [ABSTRACT FROM AUTHOR]

In the three decades after 1945 the British property development sector exploded in size and began operating on a worldwide scale. The largest property companies in the world were British in this era and they built office blocks, shopping centres and hotels in cities all over the world. These overseas property developments overlapped firmly with the pre-existing political and economic geographies of empire, and their speculative transnational financing was made possible by allying with London's financial sector and the world of 'gentlemanly capitalism'. This article surveys the rise, financialization, and imperially inflected internationalization of the British property development sector in this period, showing how property companies capitalized upon post-war Britain's developer-friendly urban renewal order, internationalist financial sector, and inherited imperial advantages even as many of the formal political structures of empire were being dismantled. In the post-war decades, the remnants of empire as a commercial world system provided Britain's property developers with vital stepping stones towards the fully globalized forms of financialized real-estate development that shape cities around the world today. [ABSTRACT FROM AUTHOR]

AbstractThe incorporation of Buddhist temples into urban redevelopment within China’s market transition became notable after the 2000s. Domestic and international real estate developers collaborated with local governments and state-owned enterprises in the construction of commercial complexes by converting under-used spaces around renowned Buddhist temples. Among these scattered projects of temple-centered redevelopment across Mainland China, this article identifies one during which the Hong Kong-based developer, Swire Properties (Taikoo in Cantonese), built an open, low-density shopping center in Chengdu around the Daci temple in 2014. Named as the “Taikoo Li,” the project attests to unique logics of planning and operation, while evoking discursive, cultural, and material practices, religious as well as non-religious, in people’s everyday life. Drawing upon an extensive ethnographic study in Chengdu, Sichuan, this article enters a dialogue with postsecularist debates dominated by Euro-American instances, and proposes micro-sociological reinventions of “postsecularity” by adopting a position of “methodological ludism” as opposed to conventional theist, atheist and agnostic positions. Our analytical and methodological inquiries aim to fully showcase the paradoxical nature of “postsecularity,” especially within a contemporary urban context, in which the paradoxes are sustained in the self-conflicting narratives of the researched as well as the reflexivity of the researchers. [ABSTRACT FROM AUTHOR]

Copyright of Umsatzsteuer-Rundschau is the property of De Gruyter and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: This comparative research examines the factors influencing individuals' purchase intention toward green housing. By examining these factors, this study provides fruitful insights into the purchase intentions and behaviors for greenhouses among individuals of different age groups in India. Design/methodology/approach: Data were gathered from Generation (Gen) X (313) and Generation (Gen) Y (297) using self-administered questionnaires. The "partial least squares structural equation modeling" was used to test the hypotheses. Findings: The outcome shows that attitude and green trust substantially impact the green purchase intention of Gen X and Y. More specifically, environmental knowledge insignificantly influences the green purchase intention of Gen X while significantly influencing Gen Y. However, perceived risk insignificantly affects the purchase intention of both Gen X and Y. Consequently, green purchase intention substantially impacts the green purchase behavior in both studies. Research limitations/implications: This research focuses primarily on India; future research may be conducted in different geographical contexts. This study could also be extended to all age groups individuals. Practical implications: The findings of this article facilitate policymakers, real estate developers and professional bodies in formulating strategies for sustainable nations in the future. Originality/value: The current article is the initial empirical attempt to examine the home-buying decisions of individuals in India. Moreover, the role of Generation X and Generation Y in green housing purchase decisions will provide fruitful insights into how different age groups impact the decision-making process of green housing. [ABSTRACT FROM AUTHOR]

Of the various ways developers have created and exploited the high demand for condominium living, there is little empirical research identifying and analyzing the growing influence of condominium developers over condominium governance and living as a means to increase profit margins. Drawing from survey and interviews with condominium owners, board members, and industry representatives in Ontario and New York state, this paper explores how developers maintain control and influence in condominium affairs long after construction is completed. Our research reveals that developers may desire this influence to extract further value from development and sway major governance decisions in their favor, depriving owners and other residents of the right to shape their collective living arrangements. Examining regulatory environments in Ontario and New York, we suggest there are few regulations that adequately deal with developer influence. We conclude by arguing that developer influence undermines prospects for democratic, collective governance that is essential to the sustainability of condominium tenure and to the success and livability of urban regions. [ABSTRACT FROM AUTHOR]

Copyright of Cities, Communities & Territories / Cidades, Comunidades e Territórios is the property of Instituto Universitario de Lisboa, DINAMIA-CET and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research uses difference-in-difference (DID) and other empirical methods to analyze firm-level real estate data to discover how heterogeneous firm characteristics affect managers' decision-making about development expansion when a firm faces a temporary negative sales shock in the Chinese housing market. The manager's decision is a utility maximization problem under uncertainty, determined by their risk aversion levels, which managers choose to optimize by considering other factors of interest, including career risk and personal wealth. Also, the advance payment rule encourages real estate developers to maintain high turnover, since new projects allow developers to collect cash first. The results show that state-owned enterprises (SOEs) are much more conservative than other types of developers. SOEs tend to focus on current developing projects. Firms with more concentrated management pursue expansion and seek to use new project sales to compensate for their slower growth. Larger developers with headquarters in large cities tend to slow their development speed when they observe negative signals, as they can quickly engage in new projects given these firms' easy access to financial resources such as bank loans. This study makes a novel contribution to the literature since previous research has tended to focus on the macro market level rather than the firm level. The findings also have strong policy and regulation value. The results indicate that higher cashflow monitoring needs, especially to monitor family-owned developers, to prevent misuse and excessive project expansion. [ABSTRACT FROM AUTHOR]

The editors of the journal Environment & Planning A: Economy and Space have announced the winners of the Ashby prizes for the most innovative papers published in the journal in 2023. The winners are Renee Tapp and Richard Peiser for their paper 'An Antitrust Framework for Housing' and Vinay Gidwani and Carol Upadhya for their paper 'Articulation work: Value chains of land assembly and real estate development on a peri-urban frontier'. The papers have been made free to access for one year. The winning papers explore topics such as monopolies in the housing market and the inter-scalar value chains of land assembly and real estate development. [Extracted from the article]

In the application, there are several inhibiting factors in applying this balanced residential concept, including related to the lack of land availability so that the price of available land becomes expensive and currently not many developers are applying the concept of balanced residential, especially in the Jakarta area. In a housing area, it is definitely determined by the price of land in addition to the location, including the completeness of facilities in the housing area. Land prices in Jakarta city centers are already relatively high so that many developers only build expensive housing for the upper middle class. To prevent this, the government created the Land Bank concept. The main purpose of Land Banking is to acquire land which is then used for the benefit of the welfare of the community, especially in meeting the needs of a house. However, in practice, the Land Bank Concept is still not widely recognized in the wider community, especially housing developers, so there are still few developers who apply the Balanced Residential Concept using the Land Bank System, especially in Jakarta because the rules and regulations of the Land Bank System are relatively new. And if people want to sell or buy a land or residential land then they will look for services in brokers or property developers only. [ABSTRACT FROM AUTHOR]

This ethnographic data-driven article investigates the urban political economy of a new form of elite schooling, which is represented by the fee-charging international programs recently established by 'key' public high schools in metro China. Grounding the analysis in Harvey's work on urbanization and neoliberalism, the literature on China's development model, and Bourdieu's theory of capital conversion, this article reveals that the construction of an international program is deeply implicated in the school's social relationships with the state, real estate developers, and urban middle classes. While the program provides wealthy Chinese families with access to international higher education for accumulating desirable capitals at 'world-class' universities, the Chinese elite school generates its own capital. Through theorizing how the creation of the fee-charging international program draws together multiple forms of neoliberal profit-making and multi-scalar capital accumulation, this study adds novel conceptual and empirical insights to the emergent scholarship of elite and international education. [ABSTRACT FROM AUTHOR]

This paper explains what the Access to Neighbouring Land Act 1992 does and how it fits into the legal landscape of issues for developers and property owners to be mindful over. It draws from case law learning and from the practical experience of the writer in dealing with site access, crane oversailing licences and Part 8 claims. Its aim is to give prospective parties to access licences and those advising them a full insight into the issues that arise, a warning as to the costs of litigation and the confidence to start negotiating within sensible limits. [ABSTRACT FROM AUTHOR]

Public space auditing is an efficient tool for urban planning of active mobility infrastructures. It enables real estate developers and urban planners to judge the level of comfort their design of sidewalks and public places can provide. Most of the research focus on the methodology to characterize the satisfaction of a public space, but there is a lack of knowledge about inter-cultural aspects of such methods. Our main research question is whether there is consistency in the way in which French and Spanish auditors perceived an urban streetscape: would they rate a public space the same and what features would be differently audited. We selected three urban identities of a modern district representing a variety of urban form: a public place with a tramway station, a commercial street designed as a strip mall, and green residential area with leisure activities. Each of these points of view were audited by a pool of French and Spanish participants according to criteria related to buildings' architecture and sidewalks' design for walkability and cyclability purposes. Both virtual reality and real scenes of the public spaces were recorded in videos and provided to participants for rating purposes. Architectural ambiances were measured with qualitative scales, quality of public space was measured with two integrated indicators of pedestrian level of service, and the accordance of infrastructures for active mobility was probed with individual scales. Results from the audit suggest that some streetscape impressions may be quite similar when assessed with various types of measurement, in different cultural contexts: scale, size and architectural style stimulate the same kind of feelings, and the quality of public spaces were perceived equivalently by the two communities as well as bikeability. Dissimilarities in perception occurred for the perception of materials and general feelings of the areas, and in the rating of walkability and in preferences for walking. [ABSTRACT FROM AUTHOR]

Circular economy (CE) has been of utmost interest in the industry and research community in the preceding years. However, CE is still a nascent research field in the built environment context. As technological advances within CE are slowing, the incorporation of business models into the concept is deemed important to achieve the necessary transition. Circular business models within the built environment should take a holistic perspective and a lifecycle optimization approach. The research aim is twofold, firstly, we aim to contribute to the assessment of impacts of CE business models. Secondly, we aim to establish how real estate development organizations can optimize value capture from adaptive reuse projects. We engage in an in-depth mixed methods case study assessing and comparing two adaptation scopes of a former textile factory to offices. The minor scope includes basic measures to bring the building up to standard, whilst the major scope includes the same, with the addition of space efficiency measures, extended building services, onsite energy production and various circular activities. We find that the major scope consequently captures more of the identified value propositions of the organization than the minor scope. We conclude that more circular activities do not necessarily lead to better environmental performance, however, may lead to higher profit and social gain. The study contributes to existing knowledge of impact assessments, and highlights the complexity of balancing environmental, social and economic impact in the built environment context. The assessment framework may be used by real estate developers prior to investments decisions. [ABSTRACT FROM AUTHOR]

Real estate crowdfunding is a relatively new alternative financing and investing method. This research aims to identify factors which might increase investors' willingness to participate in real estate crowdfunding campaigns. We analyse 195 lending-based real estate crowdfunding campaigns from four Spanish platforms. Project success is measured by duration, i.e. the time required to reach the funding target. We assess the impact of the funding target, the annual return, the loan duration, several risk-related metrics and the minimum investment amount. We find that the higher the funding target and the minimum investment amount, the longer it takes to reach the target. We document that investors prefer projects where the maturity of the loan is shorter. We also find that construction-type projects reach the funding target faster than other type of fundraising goals. At the same time, we do not find any association between the annual return or risk-related metrics and project success. To assure successful fundraising, real estate crowdfunding platforms should prioritize those real estate projects which are highly popular among investors (i.e. construction-type projects with short maturity). Real estate developers, in turn, should crowd fund projects which are demanded by the crowd investors and use their traditional financing methods for the remaining projects. [ABSTRACT FROM AUTHOR]