Journal Articles

Permanent URI for this collectionhttps://mro.massey.ac.nz/handle/10179/7915

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    Optimal location to land banking practices in urban-rural informal land market continuum of Ghana
    (Elsevier, 2024-09-03) Sasu A; Javed A; Muhammad I
    Land banking practices in complex informal land markets are growing in developing countries. However, the land banking (LB) literature predominantly focuses on publicly driven land banks operating within formal land markets. Against this backdrop, this study investigates optimal locations for LB projects in Ghana's complex informal land markets from the perspective of private and semi-public real estate developers. Utilising a two-stage research process, first, the study developed a conceptual framework by using: (1) suppositions regarding space under economic geography; and (2) theoretical suppositions on the use of LB and its influence on LB locational choices uncovered from an interpretive hermeneutic literature review. The second stage focused on an empirical assessment of the conceptual framework by taking four urbanised regions in Ghana. The case study stage uses primary data from 30 interviewees selected using purposive and snowball sampling, while secondary data comprised land bank inventories from the regional Lands Commissions of the case study regions. Results revealed land title security as the primary factor determining optimal locations for land banks. There are significant challenges related to land title security in urban and inner parts of peri-urban areas. These challenges are aggravating the transformation of agricultural lands into residential lands in developers' preferred land bank locations. Based on the ongoing land transformation occurrences, the study underscores the need for policy responses that enhance title security to encourage developers to diversify their land banking locational preferences beyond solely greenfield sites to a mix of green and urban brownfield sites.
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    Decision-Making Framework for Construction Clients in Selecting Appropriate Procurement Route
    (MDPI (Basel, Switzerland), 2022-12-12) Bolomope M; Amidu A-R; Ajayi S; Javed A; Settembre-Blundo D; Lopes JP
    Procurement decision-making is a crucial determinant of project success. Although several objective, stage-based models have been proposed to guide clients’ procurement choices, little emphasis has been made on the subjective nature of construction clients. Recognizing the role of clients’ experiences in justifying procurement routes, this study develops a decision-making framework that is capable of guiding construction clients in making informed procurement choices. Adopting a mixed-method approach, comprising semi-structured interviews and multi-objective optimization, relevant procurement options were appraised based on clients’ specifications and project deliverables. The lived experiences of construction clients and the importance they attach to pre-defined selection rating criteria were subsequently evaluated, using a template that enables clients to prioritize procurement methods for different project types. The resultant framework offers a holistic, practical, and collaborative procurement selection process that promotes the efficient delivery of construction projects by reducing the cost overrun and delays associated with uninformed client decisions in construction procurement.
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    Land banking, land price and Ghana’s informal land markets: A relational complexity approach
    (Elsevier Ltd, 2024-06) Sasu A; Javed A; Muhammad I; Squires G
    Land banking practices have received little attention on how such practices shape informal land markets in developing countries. Drawing on a relational complexity framework, this study explores the land banking experience in Ghana’s informal land markets. This research conducted semi-structured interviews with over thirty participants from four communities within the Ghanaian informal land market. The analysis revealed that developers are banking large tracts of land as capital investments through land dispositions. The absence of development on these banked lands has created a situation where developers are gradually influencing land prices. The analysis also shows that developers have created complex ongoing relationships with customary land managers. This coalition relationship has shaped land prices through the displacement of state-mediated statutory powers for land exchanges. The study recommends revisiting of stakeholder discussions on the enforcement and monitoring of the processes required under the Ghanaian Lands Commission guidelines for large-scale land transactions.
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    The connectedness of house price affordability and rental price affordability measures
    (Emerald, 22/04/2022) Squires G; Webber D; Trinh H; Javed A
    Purpose: The purpose of this paper is to examine the relationship between house price affordability (HPA) and rental price affordability (RPA) in New Zealand. The cointegration of HPA and RPA is of particular focus given rising house prices and rising rents. Design/methodology/approach: The study examines the lead-lad correlation between HPA and RPA. The method uses a generalised least square technique and the development of an ordinary least squares model. Findings: The study shows that there is an existence of cointegration and unidirectional statistical causality effects between HPA and RPA across 11 regions in New Zealand. Furthermore, Auckland, Wellington and Canterbury are the three regions in which the results detect the most extreme effects amongst HPA and RPA compared to other places in the country. Extended empirical work shows interesting results that there are lead-lag effects of HPA and RPA on each other and on mortgage rates at the national scale. These effects are consistent for both methods but are changed at individual lead-lag variables and amongst different regions. Originality/value: The study empirically provides useful insight for both academia and practitioners. Particularly in examining the long-run effects, cointegration and forecasting of the volatile interactions between HPA and RPA.
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    Housing Charges to Fund Bulk Infrastructure: Innovative or Traditional?
    (Taylor & Francis Group, 14/01/2021) Squires G; Javed A; Trinh HH
    This study investigates whether the use of housing charges is an innovative or traditional instrument in financing bulk infrastructure. It develops a conceptual framework to demonstrate how housing charges are perceived as an innovative model of financing and funding bulk infrastructure. Research focuses on a case study policy pilot infrastructure project in New Zealand, with primary evidence gathered from informed professional stakeholder interviews. The findings highlight that revenue streams are the most common concern when applying the infrastructure funding and financing (IFF) model to deal with bulk infrastructure. Further, as housing charges are a new instrument generating cash flows to finance bulk infrastructure, it is found that financing infrastructure development is only innovative in terms of its mechanics, legislation and policy setting.