Lawrence Chin and Lam Khee Poh
This paper examines the property management industry’s attitude in Singapore towards quality. The survey findings show that more firms are becoming aware of the benefits of…
Abstract
This paper examines the property management industry’s attitude in Singapore towards quality. The survey findings show that more firms are becoming aware of the benefits of seeking ISO certification and seeing the need for adopting quality practices in order to have a competitive edge. A case study of an actual property management firm documents the process and procedure in implementing a quality system and in seeking ISO 9000 certification.
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Jie Zhao, Khee Poh Lam, Tajin Biswas and Haopeng Wang
This study aims to develop a web-based tool – LEED Energy Performance Online Submission Tool (LEPOST) to reduce the submission cost of the leadership in energy and environmental…
Abstract
Purpose
This study aims to develop a web-based tool – LEED Energy Performance Online Submission Tool (LEPOST) to reduce the submission cost of the leadership in energy and environmental design (LEED) application process and facilitate green building design. Lifecycle cost reduction is a major driver for designing green buildings. LEED rating system has been well recognised and widely used in the green building industry. However, certification cost incurred in time and money is often a deterrent for some projects.
Design/methodology/approach
LEPOST automatically maps EnergyPlus and eQUEST energy simulation results to the LEED energy performance requirement submission templates using an extensible markup language (XML) data structure. It incorporates the Energy Star Target Finder online engine and current utility data to calculate points required to assess LEED Energy and Atmosphere Prerequisite 2 and Credit 1 automatically.
Findings
A comparative case study is conducted using an office building project. The study results show that the tool can reduce the amount of time for the LEED energy performance evaluation and submission process from more than 6 hours to 2 minutes. The total number of manual data entries is reduced from 442 to 20.
Research limitations/implications
Future work includes the update to support LEED V4, the development of a parametric design function that can help design teams perform design alternatives to evaluate energy performance with minimum effort, and the integration with the LEED Online system.
Practical implications
The use of the tool by the building industry may decrease the cost of LEED certification for building owners, developers and design teams by simplifying the submission process.
Originality/value
The overall development framework of LEPOST contributes to the knowledge of the data interoperability in the building sector by demonstrating a viable solution to extract and map digital model information for achieving code and standard compliance purposes.
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“Ill-maintenance of common areas” in multi-owner residential properties is described as the “tragedy of anti-commons problem”. The problem can be addressed by outsourcing the…
Abstract
Purpose
“Ill-maintenance of common areas” in multi-owner residential properties is described as the “tragedy of anti-commons problem”. The problem can be addressed by outsourcing the management of the property to a company possessing quality property management (PMGT) certification. The PMGT certification is normally hailed as an effective means of reassuring occupiers and prospective property buyers of the good level of quality of the property management to be expected. This study investigated whether PMGT certification carries with it a price premium for residential properties.
Design/methodology/approach
A fixed-effects modelling approach was employed in relation to a large residential properties dataset in Hong Kong, in the period 2009–2018.
Findings
The results indicate, on average, that the PMGT certification commands a price premium of between 3.3 and 3.9%. This premium can be called, the “tragedy of anti-commons premium (TAC premium)”. The results further suggest that significant price premium differences relate to the four different types of certifications studied. The price of a residential unit managed by a property management company (PMC) with Q-mark certification is about 3.4% higher than a unit managed by a non-certified PMC, ceteris paribus. Likewise, corresponding price premiums for units certified related to ISO9001 and HKMAQA certifications are 3.5 and 2.4%, respectively.
Originality/value
To the best of author's knowledge, this is the first attempt to investigate if there is any relationship between the property price premium attributed to “tragedy of anti-commons” and PMGT certification.