Search results

The purpose of this paper is to investigate the benefits that client organisations expect from building information modelling (BIM) investment in Malaysia. Furthermore, this paper investigates the outcomes that, from the stakeholders’ point of view, the BIM approach needs to present.

To achieve this aim, this research employed a series of structured interviews which were conducted with representatives from client construction organisations in Malaysia. A structured questionnaire, containing 34 items, was used to collect data from respondents.

This research’s findings indicated that increased project revenue is one of the most expected benefits of BIM investment. In addition, it has been revealed that the Malaysian construction industry has implemented the BIM approach to project management. Furthermore, the great deal of acceptance among industrial players has been significantly positive, and thereby it can be concluded that the implementation of BIM in Malaysia has lots of potential.

This paper’s finding offers great knowledge, policy, and academic contribution, acknowledging the development of BIM’s implementation within the Malaysian construction industry.

With the impending development of green buildings in Kuala Lumpur, the capital city of Malaysia, managing the criteria within the requirements of the rating tool’s certification shall be the responsibility of the respective parties when these buildings are in operations. In tenanted buildings, a lease agreement spells out the responsibilities of the owner/landlord and the tenants. The paper aims to discuss these issues.

The main aim of this study is to gauge the implementation of green lease among office buildings in Kuala Lumpur. This is made through an initial review of the adoption of green building criteria as well as the determination of the drivers and barriers perceived by office building managers in implementing green lease.

A survey amongst the managers of top grade office buildings in Kuala Lumpur revealed that the majority practiced some of the green criteria outlined in the Green Building Index. It also revealed that the most significant green lease terms commonly acknowledged by the respondents were energy and water-saving consumption as well as recycled material usage.

Through the identification of the barriers to implement green lease, the most significant barriers identified were related to cost and financing. Having identified these obstacles, appropriate action can be taken to bring forward green lease awareness amongst the various stakeholders in the office building sector in ensuring the successful operation of green buildings.

This paper seeks to identify the manner in which the knowledge management (KM) concept can be implemented in property management companies in Malaysia.

The KM strategies for property management companies were designed and then tested among the property management companies in Malaysia. Sixteen companies were involved in this research to provide empirical results of the KM concept implementation in property management organisations.

The research findings suggest that the KM concept is becoming increasingly important and that the property management companies are practising some of the relevant activities. The findings also integrate the concept of KM and property management activities.

The research is based only on 16 companies registered under the Board of Valuers, Appraisers and Estate Agents, Malaysia, which governs property management activities in Malaysia.

This paper proposes to property management players to put into practice the KM concept within their organisations.

The purpose of this paper is to present the results of a study of the top listed property companies in Asia based on capital market value on internet business strategy, and to examine the relationship between top companies and the internet business strategy index.

Data for the research were collected from the top 30 property companies in Asia through their web sites. The services and information offered in these web sites are discussed and used to describe the growth of internet usage in the real estate business.

From the findings, most companies in Asia realised the importance of the internet as a marketing tool. This has been proved from the good average score of the internet business strategy attributes. The results indicated that top property companies in Asia implemented good internet business strategy.

The research is based on a study from the top 30 companies in Asia based on market capital values as at 30 June 2009. Only three countries were selected in this study: Malaysia, Singapore and Hong Kong.

This paper examines the practice of property companies in Asia of using the internet as a marketing tool in property business in order to enhance the marketing strategy in this borderless world. The findings provided some insight and guidelines for the industry as well as academics on the use of information and communication technology in the property business.

This study assesses the effects of flood hazard on property price, which focus on residential property. The growth in the population has resulted in more areas being explored, including areas that are prone to flooding. The exploration of a new area for housing development also brings vulnerability to flood hazard. This research employed hedonic regression method to assess the impact of flood to property price between low-flood and non-flood areas. The case study areas are residential properties along Langar River, Selangor, Malaysia. The findings reveal that residential price in case study areas have only little impact in terms of price impact from the flood events. This study also establishes a new valuation model by considering flood hazard. It is expected that the impact from the flood to property price will be significant in future due to changes in property demand patterns as well as the increase in environmental issues.

This purpose of this paper is to investigate the current level of transparency based on the customised transparency matrix (TM) amongst the top listed property companies in Malaysia, based on capital market value. Furthermore, this paper discusses the concept of transparency from the perspective of Malaysian property markets.

Data for this research were collected from the top 30 property companies in Malaysia through their annual reports and corporate websites. The indicator of transparency was developed based on various literature surveys and other research findings. Using the developed indicators, the study analysed the transparency attributes from TM of the top 30 listed property companies in Malaysia.

In terms of transparency levels and widely implemented transparency elements, the findings revealed that Malaysian property companies were within a “good level” range.

The research is based on a study of the top 30 listed property companies in Malaysia based on market capital values as at 30th June 2010.

This paper examines the transparency level of property companies in Malaysia based on each company's current annual report. The findings provide some insights and guidelines for the industry as well as academics on the transparency level particularly in Malaysian property business.

The concept of sustainability has become increasingly essential to property development, especially in recent years. The purpose of this paper is to assess the level of sustainability practices among listed property companies in Malaysia.

Using content analysis, company websites and annual reports, the level of sustainable practices among property companies in Malaysia will be examined and assessed. The paper will also rigorously assess the sustainability strategies employed by using an attributes scorecard, which takes into account several attributes concerning sustainability issues.

The findings have showed sustainable property development concept among listed property companies can be categorised as low level, although this is increasing.

Given the increasing significance of sustainability issues – especially in property development – this paper provides a more informed investment decision strategies regarding the implementation of the sustainability concept in property portfolio; a consideration that has increasingly come into focus amongst international property actors.

The purpose of this paper is to examine the impact of using information and communication technology (ICT) on retail property in Malaysia. It also examines what listed property companies perceive in terms of the implications of using ICT in the retail property sector in Malaysia.

Data were collected from sample surveys completed by 79 property companies listed on the Bursa Malaysia (formerly known as the Kuala Lumpur Stock Exchange). An ICT retail impact matrix was then developed to assess the significance of ICT on retail property in Malaysia.

The findings of the study revealed that ICT would have only a minor impact on retail property in Malaysia and that there would still be a need for the traditional means of conducting a retail property business. It also found that the listed property companies were ready to implement ICT applications and that the demand for retail property would still increase in Malaysia in the future.

Only 66 percent of listed property companies in Malaysia (the respondents) participated in the study.

This paper seeks to look at the impact ICT has on retail property in Malaysia. For this purpose, an ICT retail impact matrix was developed to assess this impact. As such, this study will be used as a benchmark for future ICT studies relating to retail property and the real estate sector in Malaysia.

The purpose of this paper is to identify the important property specific criteria for office occupation decision making by tenants of purpose built office buildings in Kuala Lumpur, Malaysia. It attempts to provide more definitive information on office space occupation to prospective property marketers, managers, owners and investors.

A questionnaire survey was conducted to identify the important criteria which were earlier selected by expert panels. The outcome was then analysed through the principal component analysis and importance factor index adopted from an earlier study. The findings from the survey can then be used to examine the relative importance of the identified criteria through the use of a multi criteria decision making (MCDM) technique.

Four main criteria could be identified under the property specific criteria. Six of the “building features, services and management” attributes have higher rankings than the attributes under the “financial” considerations, mainly rent. the high rank attributes under the main criteria of “location” relate to the prestige and accessibility of the building while the high rank criteria under the main “lease” criteria relate to the monetary considerations of the lease arrangement. The high rank criteria under the main criteria of “building features, services and management” relate to the management and building services rather than the design/space provision.

The study area is confined to Kuala Lumpur city centre commercial area and covers prime office buildings.

Office occupation studies have been established in developed countries but are very limited in Malaysia. This study attempts to relate to the current office market developments and to seek the preferences of the various categories of tenants at a later stage.