The global pandemic outbreak of Covid-19 and the restrictions on movement have created an unprecedented crisis for the real estate industry with mounting pressure including on property management. ...The higher-than-normal occupancy and load especially on strata residential buildings during the movement control order (MCO) leads to a more crucial task for property managers to ensure that every part of the building was in good working order. A high transmissible virus poses various challenges in property managers’ jobs including maintenance, inspections, viewing, and marketing the property. Accordingly, the pandemic has created a greater sense of urgency than before for real estate companies to increase technology usage by having an automated real estate record involving the buying or selling process. This study aims to explore the potential opportunities of blockchain adoption in the real estate management process. The objectives of this study are: i) to investigate the challenges of real estate managers in managing the real estate during the pandemic; ii) to study the benefits of blockchain technology adoption in the real estate management process, and (iii) to examine the opportunities of blockchain to enhance in streamlining the real estate management process. This research engages with the qualitative nature of the research strategy due to the explorative character by conducting the unstructured interview with the real estate players involved in managing the properties. All the collected materials have been transcribed and categorized to ensure that they could be analysed through NVivo, a qualitative data analysis programme. The expected outcome of this study will provide scientific evidence on the readiness of the Malaysian real estate industry to embrace technology by digitalizing the property management which is in line with the vision of the government to ensure Malaysia makes the Digital Leap into the Fourth Industrial Revolution (IR 4.0).
Redevelopment of the 6.68-acre site is financed with a two-year loan of $9.2 million from Cadence Bank of Tupelo, Mississippi. ...State of Mind LLC, led by Natalie Ghidotti, bought the 801-805 W. ...Second St. project. The Lackeys bought the 2.94-acre site for $50,000 in May 2009 from Robert Spangler Jr. and Gladys Wood.
The input, application, and transformation of intellectual property can significantly promote the economic development of a region, but the path and operation mechanism of intellectual property ...management on regional economic growth are not very clear. System dynamics theory was used to analyze the driving force and resistance of intellectual property management from macro to micro. With the help of system dynamics theory, equations were constructed to simulate the process path and force from intellectual property management to regional economic growth, and sensitivity analysis was used to find sensitive influencing factors in the system. The following conclusions were drawn: (1) intellectual property affects regional economic growth from the macro level, such as intellectual property investment, policies, and the construction of rules and regulations; (2) enterprises, whether in the industry, universities and research institutes, or in this system, are the main body to create innovative benefits and ultimately promote regional economic growth; (3) the continuous investment of intellectual property resources and the driving force of enterprise innovation are all sensitive factors of this system. The government should give full play to its functions and strengthen the management of intellectual property in order to enable the regional economy to obtain high quality development. Through the study of the cooperation between the subjects in the process of intellectual property management activities, the integration and allocation process of factors and resources has been researched, and revealing the action process and dynamic change process of technological innovation activities on economic growth also have been revealed.
Background . Permanent supportive housing (PSH) is an evidence‐based solution to chronic homelessness. There are two common PSH models: place‐based (PB) programs where clients live in one building ...with services provided onsite and scattered‐site (SS) programs, which use community apartments coupled with mobile case management and support. Understanding the relative strengths and weaknesses of PB and SS is important for PSH planning and service delivery. This paper explores homeless service provider perspectives on these two models after the onset of the COVID‐19 pandemic. Methods . Service providers ( N = 37) from across 5 PSH agencies in Los Angeles that provided either PB or SS services during the pandemic participated in focus groups. Discussions were recorded, transcribed, and analyzed using template analysis, grounded theory, and inductive techniques. Results . Providers identified four major differences between PB and SS services: (1) challenges in finding placements; (2) managing relationships with landlords/property managers; (3) frequency of contact; and (4) community integration. Advantages of PB included ease of finding units, ease of managing relationships with landlords/property managers, greater ability to serve clients efficiently, more frequent client contact, and more community among residents. SS was seen to provide tenants with more opportunities to grow, live in healthier environments, and develop independence. During the pandemic, finding units for SS clients became more difficult, while differences between PB and SS related to frequency of contact and community integration became more attenuated. Conclusions . PB can be advantageous for clients with higher levels of acuity, whereas SS could be more appropriate for clients who are more stable and independent. PB programs are seen to have practical and logistical advantages, but some providers prefer SS services. Clients and providers should be matched to PSH configurations that best match their needs and preferences, and providers should be aware that public health emergencies may impact PB and SS settings differently.
Real estate and land management are characterised by a complex, elaborate combination of technical, regulatory and governmental factors. In Europe, Public Administrators must address the complex ...decision-making problems that need to be resolved, while also acting in consideration of the expectations of the different stakeholders involved in settlement transformation. In complex situations (e.g., with different aspects to be considered and multilevel actors involved), decision-making processes are often used to solve multidisciplinary and multidimensional analyses, which support the choices of those who are making the decision. Multi-Criteria Decision Analysis (MCDA) methods are included among the examination and evaluation techniques considered useful by the European Community. Such analyses and techniques are performed using methods, which aim to reach a synthesis of the various forms of input data needed to define decision-making problems of a similar complexity. Thus, one or more of the conclusions reached allow for informed, well thought-out, strategic decisions. According to the technical literature on MCDA, numerous methods are applicable in different decision-making situations, however, advice for selecting the most appropriate for the specific field of application and problem have not been thoroughly investigated. In land and real estate management, numerous queries regarding evaluations often arise. In brief, the objective of this paper is to outline a procedure with which to select the method best suited to the specific queries of evaluation, which commonly arise while addressing decision-making problems. In particular issues of land and real estate management, representing the so-called “settlement sector”. The procedure will follow a theoretical-methodological approach by formulating a taxonomy of the endogenous and exogenous variables of the multi-criteria analysis methods.
Corruption in urban planning, especially related to adjusting FAR, is common in Chinese cities. The fundamental reason is progrowth urban governance that features growth coalition between the local ...government and developers. Two necessary conditions for progrowth model are restrictive participation and operative discretion, both of which are ferments for corruption. How to identify and deal with corruption in FAR adjustment remains a big problem. Given the dominance of condominium in residential developments, land price cannot be observed ex post in the market while the price of individual housing unit declines with FAR, ceteris paribus. Then, a good indicator for different types of adjusting FAR is property management fee, which tends to decrease, ceteris paribus, when the actual FAR moves closer to the market optimal FAR. A two-stage approach is proposed that, first, identify the type of FAR adjustment for each successful application and, second, adopt different strategies for each case depending on its type.
•Corruption in Chinese urban planning is due to the progrowth model of urban governance that requires restrictive participation and operative discretion.•Anti-corruption faces two problems: first, land price cannot be observed ex post in the market; second, housing price declines with FAR, ceteris paribus.•Three types of FAR adjustment: when both old and new FAR limits are not binding, the developer is punished by the market; when both are binding, betterment capture can be imposed; otherwise, nothing needs to be done.•A good economic indicator is property management fee, which tends to decrease when the actual FAR moves closer to the market optimal FAR.•A two-stage approach: first, identify the type of FAR adjustment; second, adopt different strategies depending on the type.
Academics and practitioners have since decades been interested in the organizational and managerial aspects of patent management. However, little attention has been devoted to validating and testing ...a measurement scale of patent management. With this background, the current article aims to empirically assess the factor structure of a patent management measurement scale, purify the scale, and validate it. The methodology follows the widely recognized procedure for scale validation and focuses on two steps: scale purification through an exploratory factor analysis on survey data and scale finalization through a confirmatory factor analysis performed on another set of data. The article yields that patent management has five core processes, namely generation, freedom to operate, portfolio management, exploitation and enforcement, and intelligence, as well as two supporting dimensions, namely strategy and organization for patenting. For each of these core processes and supporting dimensions, we outline the formative subconstructs as well as how these subconstructs are reflected in observable and measurable items. With the validity analysis, we show the significant impact of patent management on radical innovation performance.
This study develops a model to assist a condominium committee in selecting an appropriate property management company. This model adopts the literature reviews and expert interviews to construct the ...suitable evaluation criteria of property management companies, then applies the fuzzy linguistic preference relations to determine the relative weights of evaluation criteria, and adopts the fuzzy technique for order preference by similarity to ideal solution (TOPSIS) and fuzzy VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) approaches to rank the alternatives for the condominium committee. Additionally, a condominium in Da'an District of Taipei is used as an example of how an appropriate property management firm can be selected using these two models. The results of fuzzy TOPSIS and fuzzy VIKOR are compared and discussed to understand the properties of selecting alternatives. The model proposed here allows the condominium committee to select professional property management firms systematically, making it highly applicable for academia and practices.
The study examined the role of open data and digital technology in property management in urban and rural land in Rwanda in order to increase land tenure security and minimize land related problems. ...Methodology: Open and closed questions were developed and addressed to the community and local administrative authorities to provide views on how open data and digital technology can facilitate property management for sustainable land administration. Interviews on socio-demographics were carried out to get an understanding on the role of open data and digital transformation and their trickle-down effects on property management. Respondents comprised 54% with university education while the rest hold non-university education. In terms of gender, 60% of the respondents were women while 40% were men. Results have shown that land administration systems and change in land policy to record, manage and store land information has addressed the question of land conflict in the country as opposed to the customary land tenure security which existed before 1994 when land administration system was instituted in the country. The system has solved about 87% of the land associated problems and it has contributed on land tenure security. In addition, the technology has created 10,000 jobs to graduates; lowering down poverty level which is currently stands at USD 1.90 per day. Through the application of land administration system, the government has collected beyond 70% of property taxes compared to customary land tenure management system which was adopted before 1990’s. Lack of open data systems in property management particularly land related conflicts, financial capacity, experts and community empowerment remain obstacles. Results: The paper concludes that open data and digital technology in property management have substantially yielded positive results in the country despite the challenges which still exist. In order to make more improvements, the study recommends on the: (1) creation of open land data and information management system to facilitate navigation of land data and related information for easy accessibility by all land users; (2) use of emerging digital technologies to collect and store land data for future development projects; (3) community empowerments in terms of technical skills to manage the use of new technologies and open land data systems to minimize land problems. Keywords: Open Data, Digital Technology, Urban Land and Property Management, Rwanda.
Digital tools and marketing have been widely adopted in various industries throughout the world. These tools have enabled companies to obtain real-time customer insights and create and communicate ...value to customers more effectively. This study aims at understanding the principles and practices of sustainable digital marketing in the Malaysian property development industry by investigating the extent to which digital marketing has been adopted, the impediments to its adoption, and the strategies to improve digital capabilities for the local context. Digital marketing theories, practices, and models from other industries are adopted and applied to the local property development industry to lay the foundation for making it smart and sustainable. This paper proposes a marketing technology acceptance model (MTAM) for digital marketing strategy and capability development. The key factors used in the model are ease of use, perceived usefulness, perceived cost, higher return, efficiency, digital service quality, digital information quality, digital system quality, attitude towards use, and actual use. The model and hypothetical relationships of critical factors are tested using structural modeling, reliability, and validity techniques using a sample of 279 Malaysian property development sector representatives. A quantitative approach is adopted, using an online questionnaire tool to investigate the behavior of respondents on the current digital marketing practices and capabilities of Malaysian property development companies. The results show that the sample property development companies are driven by the benefit of easily obtaining real-time customer information for creating and communicating value to customers more effectively through the company brand. Further strategies, such as creating real-time interactions, creating key performance indicators to measure digital marketing, personalization, and encouraging innovation in digital marketing are most preferred by local professionals. An adoption framework is provided based on the reviewed models and results of the current study to help transform the Malaysian property development sector into a smart and sustainable property development sector by facilitating the adoption of digital technologies. The results, based on real-time data and pertinent strategies for improvement of the local property sector, are expected to pave the way for inducing sustainable digital marketing trends, enhancing capabilities, and uplifting the state of the property development sector in developing countries.
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