Pacific Rim Property Research Journal最新文献_第6页

Analysis of land speculation in the urban fringe of Lagos, Nigeria 尼日利亚拉各斯城市边缘地带土地投机行为分析

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Pacific Rim Property Research Journal Pub Date : 2018-04-19 DOI: 10.1080/14445921.2018.1461770

E. Thontteh, J. A. Babarinde

引用次数: 6

Variation in compensation for compulsory property acquisition: Ondo State, Nigeria experience 强制财产征用补偿的变化:尼日利亚翁多州的经验

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Pacific Rim Property Research Journal Pub Date : 2018-04-18 DOI: 10.1080/14445921.2018.1461768

V. Ige, R. A. Oladapo

引用次数: 2

Benchmarking developed property portfolio markets in Malaysian-listed property companies 对马来西亚上市房地产公司的发达房地产投资组合市场进行基准测试

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Pacific Rim Property Research Journal Pub Date : 2018-04-16 DOI: 10.1080/14445921.2018.1461767

Nurul Afiqah Azmi, M. N. Razali, Rosli Said

引用次数: 2

The compensation catapult 补偿弹射器

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Pacific Rim Property Research Journal Pub Date : 2018-02-01 DOI: 10.1080/14445921.2019.1598008

J. Sheehan, Jasper Brown

引用次数: 1

Corrigendum

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Pacific Rim Property Research Journal Pub Date : 2018-01-02 DOI: 10.1080/14445921.2017.1418146

David M. Higgins

引用次数: 0

Australian interest rate movements and A-REITs performance: an analysis by industry sector 澳大利亚利率变动与A-REITs表现:按行业分析

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Pacific Rim Property Research Journal Pub Date : 2018-01-02 DOI: 10.1080/14445921.2018.1436323

W. Reddy, W. Wong

{"title":"Australian interest rate movements and A-REITs performance: an analysis by industry sector","authors":"W. Reddy, W. Wong","doi":"10.1080/14445921.2018.1436323","DOIUrl":"https://doi.org/10.1080/14445921.2018.1436323","url":null,"abstract":"Abstract Investment managers have traditionally resorted to the Australian real estate investment trusts (A-REITs) as a means to growing portfolio return. The A-REITs have been popular for yielding some of the best returns until 2007, when the global financial market (GFC) collapse led to major fall in values. Since the GFC, with low interest rates the A-REITs have performed well compared to the broader stock and bond markets. Given low expectations of additional monetary easing, future rising interest rate environment can significantly impact A-REIT performance mainly in industry sectors with greater reliance on debt funding. Thus, this research explores the sensitivity of A-REITs performance to changes in short- and long-term interest rates across five sectors: diversified, industrial, retail, office and specialised (non-core) funds. The analysis covers a 21-year period (1995–2016) using the capital asset pricing model. In doing so, the research allows comparison of A-REITs performance at sub-sector level and over different market cycles. Findings indicate that both the diversified and retail sector exhibit strong relationship to market risk, short- and long-term interest rates. Rising short-term interest rates contribute to positive returns while rising long-term interest rates result in lower returns. However, the impacts of movements in interest rates on industrial, specialised (non-core) and office sectors were not well explained by the asset pricing model. This could be due to the relatively small sample size of these funds. Overall, the results suggests that gearing levels and by extension costs of debt, do play a significant role in the returns generating process. The paper offers a well-defined practical implication by suggesting that investors may hedge against interest rate risk by selecting A-REITs sub-sector funds with less leverage and large market capitalisation.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":"24 1","pages":"103 - 85"},"PeriodicalIF":0.8,"publicationDate":"2018-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2018.1436323","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44245904","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

How gameplay can enhance learning and engagement for first year property students: a case study using Monopoly CityTM 游戏如何提高房地产一年级学生的学习和参与度：使用Monopoly CityTM的案例研究

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Pacific Rim Property Research Journal Pub Date : 2018-01-02 DOI: 10.1080/14445921.2017.1391680

L. Bryant

{"title":"How gameplay can enhance learning and engagement for first year property students: a case study using Monopoly CityTM","authors":"L. Bryant","doi":"10.1080/14445921.2017.1391680","DOIUrl":"https://doi.org/10.1080/14445921.2017.1391680","url":null,"abstract":"Abstract This article outlines the results from a study into the educational use of the board game Monopoly City™ in a first-year property economics unit. Gameplay was introduced as an interactive way of achieving a number of desired outcomes including: enhanced engagement of first-year students; introduction of foundation threshold concepts in property education; introduction of problem solving and critical analysis skills; early acculturation of property students to enhance student retention; and early team building within the first-year cohort, all in an engaging and entertaining way. The results from this two-stage action research project are encouraging. The students participating in this unit have demonstrated explicit linkages between their Monopoly City™ experiences and foundation urban economic and valuation theories. However, student resistance to change and innovative learning practices were evident. Key success factors identified when implementing such teaching innovations include: adequate preparation time, use of a “play-share-reflect” component, an ice-breaker activity, a leader board and a novelty factor to keep students interested.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":"24 1","pages":"1 - 15"},"PeriodicalIF":0.8,"publicationDate":"2018-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2017.1391680","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46809593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Assessing the relative importance of structural and locational effects on residential property values in Metropolitan Kuala Lumpur 评估结构和位置影响对吉隆坡大都会住宅物业价值的相对重要性

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Pacific Rim Property Research Journal Pub Date : 2018-01-02 DOI: 10.1080/14445921.2018.1436305

M. F. Dziauddin, Zulkefli Idris

引用次数: 3

Bridging skill gap in real estate education in Nigeria 弥合尼日利亚房地产教育的技能差距

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Pacific Rim Property Research Journal Pub Date : 2018-01-02 DOI: 10.1080/14445921.2017.1409153

T. Oladokun, A. Olaleye

{"title":"Bridging skill gap in real estate education in Nigeria","authors":"T. Oladokun, A. Olaleye","doi":"10.1080/14445921.2017.1409153","DOIUrl":"https://doi.org/10.1080/14445921.2017.1409153","url":null,"abstract":"Abstract Purpose: The importance of education is always underscored without adequate demonstration of skill(s) for practice. Appropriate professional skills guarantees efficient real estate investment decision making and prevents loss of investment fund. The study evaluated, from the perspective of employers of labour, the effort of the government, through students, industrial scheme, at bridging skill gaps in real estate education in Nigeria. Design Methodology/approach: Primary data were collected with the aid of questionnaire served on 270 estate surveying and valuation firms in Lagos state, Nigeria. The descriptive methods of mean and proportion method were used to determine the contribution of government industrial scheme to real estate education in Nigeria. Findings: The result found that through the student industrial scheme, students acquired experience/skill in real estate marketing as well as the art of team work. Originality/Value: The paper is to serve as impetus to policy makers to enhancing the quality of real estate in Nigeria. It will also serve as proof to foreign investors of the quality of Nigerian real estate practitioners to give them efficient service.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":"24 1","pages":"17 - 34"},"PeriodicalIF":0.8,"publicationDate":"2018-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2017.1409153","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43609066","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 10

Improving property valuation accuracy: a comparison of hedonic pricing model and artificial neural network 提高物业估值准确性:享乐定价模型与人工神经网络的比较

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Pacific Rim Property Research Journal Pub Date : 2018-01-02 DOI: 10.1080/14445921.2018.1436306

R. Abidoye, Albert Chan

{"title":"Improving property valuation accuracy: a comparison of hedonic pricing model and artificial neural network","authors":"R. Abidoye, Albert Chan","doi":"10.1080/14445921.2018.1436306","DOIUrl":"https://doi.org/10.1080/14445921.2018.1436306","url":null,"abstract":"Abstract Inaccuracies in property valuation is a global problem. This could be attributed to the adoption of valuation approaches, with the hedonic pricing model (HPM) being an example, that are inaccurate and unreliable. As evidenced in the literature, the HPM approach has gained wide acceptance among real estate researchers, despite its shortcomings. Therefore, the present study set out to evaluate the predictive accuracy of HPM in comparison with the artificial neural network (ANN) technique in property valuation. Residential property transaction data were collected from registered real estate firms domiciled in the Lagos metropolis, Nigeria, and were fitted into the ANN model and HPM. The results showed that the ANN technique outperformed the HPM approach, in terms of accuracy in predicting property values with mean absolute percentage error (MAPE) values of 15.94 and 38.23%, respectively. The findings demonstrate the efficacy of the ANN technique in property valuation, and if all the preconditions of property value modeling are met, the ANN technique is a reliable valuation approach that could be used by both real estate researchers and professionals.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":"24 1","pages":"71 - 83"},"PeriodicalIF":0.8,"publicationDate":"2018-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2018.1436306","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44695018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 55