Inner-city regeneration in South Africa : a property development approach
- Authors: Chidzambwa, Overt
- Date: 2023-04
- Subjects: Regeneration -- South Africa , Real estate development
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60578 , vital:65894
- Description: Worldwide, the topic of inner-city decay and regeneration continues to attract a lot of attention from various parties and organisations. This is largely due to the fact that Central Business Districts (CBDs) remain the heartbeat of any city’s economic, social and political vibrancy. It therefore remains an ongoing process for the government and private stakeholders to keep on devising strategies aimed at revitalising the inner-city. The problem of urban decay is however experienced more in the developing third world and is characterised by high unemployment rates, high crime rates, depopulation, desolate-looking landscapes, abandonment of buildings, split families amongst others. Urban decay does not have one single cause, but rather a combination of many, including poor urban planning, redlining, poverty, suburbanization, and racial discrimination. These factors have resulted in urban sprawl as property owners preferred to migrate from the increasingly toxic social and economic environment that now became of the inner-city. The study seeks to investigate the current state of urban decay in South African CBDs with a case study of Gqeberha metro city, it also investigates current efforts and measures in place for regeneration and lastly, recommendations that have been put and continue to be put in place for inner-city regeneration. The state of inner-city infrastructure, property development finance options, town planning requirements and regulations and the investment case are other factors that have been investigated. Various other aspects of inner-city dynamics in the context of property development have been explored with findings from extensive literature review and structured interviews enabling the researcher to come up with recommendations for sustainable inner-city regeneration. , Thesis (MSBE) --Faculty of Engineering Built Environment and Information Technology, School of Built Environment and Civil Engineering, 2023
- Full Text:
- Date Issued: 2023-04
- Authors: Chidzambwa, Overt
- Date: 2023-04
- Subjects: Regeneration -- South Africa , Real estate development
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60578 , vital:65894
- Description: Worldwide, the topic of inner-city decay and regeneration continues to attract a lot of attention from various parties and organisations. This is largely due to the fact that Central Business Districts (CBDs) remain the heartbeat of any city’s economic, social and political vibrancy. It therefore remains an ongoing process for the government and private stakeholders to keep on devising strategies aimed at revitalising the inner-city. The problem of urban decay is however experienced more in the developing third world and is characterised by high unemployment rates, high crime rates, depopulation, desolate-looking landscapes, abandonment of buildings, split families amongst others. Urban decay does not have one single cause, but rather a combination of many, including poor urban planning, redlining, poverty, suburbanization, and racial discrimination. These factors have resulted in urban sprawl as property owners preferred to migrate from the increasingly toxic social and economic environment that now became of the inner-city. The study seeks to investigate the current state of urban decay in South African CBDs with a case study of Gqeberha metro city, it also investigates current efforts and measures in place for regeneration and lastly, recommendations that have been put and continue to be put in place for inner-city regeneration. The state of inner-city infrastructure, property development finance options, town planning requirements and regulations and the investment case are other factors that have been investigated. Various other aspects of inner-city dynamics in the context of property development have been explored with findings from extensive literature review and structured interviews enabling the researcher to come up with recommendations for sustainable inner-city regeneration. , Thesis (MSBE) --Faculty of Engineering Built Environment and Information Technology, School of Built Environment and Civil Engineering, 2023
- Full Text:
- Date Issued: 2023-04
A best practice model for international Financial feasibility in property Development
- Authors: Adendorff, Ryan Gregg
- Date: 2022-12
- Subjects: Built environment , Real estate development
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/59348 , vital:62073
- Description: Property development is a sector which provides economic benefits to many countries worldwide. Such economic benefits are employment provision and GDP contribution to the economy. Interestingly, financial feasibility is one of the tools that can be used to ensure property development projects’ success. It has been therefore recognised that some of the property development entrepreneurs lack financial feasibility know-how which could position their property development businesses into a competitive edge and sustainability in this continuous fluctuating property market. Hence, the aim of this study was to examine the key factors and variable that drive financial feasibility in property development and generate a financial feasibility model which can be used by property development entrepreneurs to analyse the financial feasibility of property development projects. Based on the aim of this study, an extended review of the literature relating to property business, property development, demand planning and risk management within the built environment discipline was conducted in identifying factors affecting the perceived success of financial feasibility for property development projects internationally. The research reviewed literature in the property development industry by identifying the variables for profitability, outside advice, trend analysis and real estate strategies. The research methodology approach that was used for this study, a qualitative explanatory multi-case study where embedded unit of analysis and valuable insight was provided for the success of financial feasibility in property development internationally. Semistructured interviews were conducted with various industry experts as indicated below: • Project Manager at Property Company; • Project Manager at developer; • Development Manager; • Owner of Property Group; • Part time lecturer at NMU Built Environment; • Development consulting company CEO; vi • Trustgro Developments (Pty) Ltd: Managing Director; • Tswaranang Consulting – Managing Director; • Capelo Development Company (Property Development) Director; and • NMBM - Senior Director: Land Planning and Management. The interview questions and primary and secondary propositions were defined together with the validity and reliability of the research. The purpose of the qualitative research was to unravel key factors that determine the perceived success of international financial feasibility of property development projects. Replication logic was used to generalise the results and the findings of this research effort suggested that the following variables emerging from qualitative themes, positively influences the perceived success of the financial feasibility in property development projects: profitability, risk management, outside advice, trend analysis, property cycles and demand planning. The implication arising from this study is that the perceived success of international financial feasibility in property development projects has the following positive influencing factors: profitability, risk management, outside (specialist) advice, trends analysis, property cycles and demand planning which must be considered by property developers and investors to ensure the success of their property development interventions. The curriculum of property development and real estate management practice should equally take into account the afore-mentioned factors. , Thesis (MA) -- Faculty of Engineering, the Built Environment, and Technology, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Adendorff, Ryan Gregg
- Date: 2022-12
- Subjects: Built environment , Real estate development
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/59348 , vital:62073
- Description: Property development is a sector which provides economic benefits to many countries worldwide. Such economic benefits are employment provision and GDP contribution to the economy. Interestingly, financial feasibility is one of the tools that can be used to ensure property development projects’ success. It has been therefore recognised that some of the property development entrepreneurs lack financial feasibility know-how which could position their property development businesses into a competitive edge and sustainability in this continuous fluctuating property market. Hence, the aim of this study was to examine the key factors and variable that drive financial feasibility in property development and generate a financial feasibility model which can be used by property development entrepreneurs to analyse the financial feasibility of property development projects. Based on the aim of this study, an extended review of the literature relating to property business, property development, demand planning and risk management within the built environment discipline was conducted in identifying factors affecting the perceived success of financial feasibility for property development projects internationally. The research reviewed literature in the property development industry by identifying the variables for profitability, outside advice, trend analysis and real estate strategies. The research methodology approach that was used for this study, a qualitative explanatory multi-case study where embedded unit of analysis and valuable insight was provided for the success of financial feasibility in property development internationally. Semistructured interviews were conducted with various industry experts as indicated below: • Project Manager at Property Company; • Project Manager at developer; • Development Manager; • Owner of Property Group; • Part time lecturer at NMU Built Environment; • Development consulting company CEO; vi • Trustgro Developments (Pty) Ltd: Managing Director; • Tswaranang Consulting – Managing Director; • Capelo Development Company (Property Development) Director; and • NMBM - Senior Director: Land Planning and Management. The interview questions and primary and secondary propositions were defined together with the validity and reliability of the research. The purpose of the qualitative research was to unravel key factors that determine the perceived success of international financial feasibility of property development projects. Replication logic was used to generalise the results and the findings of this research effort suggested that the following variables emerging from qualitative themes, positively influences the perceived success of the financial feasibility in property development projects: profitability, risk management, outside advice, trend analysis, property cycles and demand planning. The implication arising from this study is that the perceived success of international financial feasibility in property development projects has the following positive influencing factors: profitability, risk management, outside (specialist) advice, trends analysis, property cycles and demand planning which must be considered by property developers and investors to ensure the success of their property development interventions. The curriculum of property development and real estate management practice should equally take into account the afore-mentioned factors. , Thesis (MA) -- Faculty of Engineering, the Built Environment, and Technology, 2022
- Full Text:
- Date Issued: 2022-12
The future of the property valuation profession in South Africa towards 2040
- Mthuli, Malusi Phola Lusanda
- Authors: Mthuli, Malusi Phola Lusanda
- Date: 2022-04
- Subjects: Real property -- Valuation , Real estate development , Property -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57980 , vital:58456
- Description: Valuers within the property valuation profession are ageing while the scope and demand for their work is increasing. The main objective of this study was to explore current challenges and forecast the probable futures of the property valuation profession in South Africa towards 2040. In so doing, it sought to address the deficiency in research regarding the property valuation profession in the country. The study employed a futures methodology framework, namely the Future Studies Approach, as its core research tool that incorporates The Futures Triangle. The Causal Layered Analysis was applied as a secondary approach to guide the theoretical framework. Semi-structured interviews were conducted with a conveniently selected sample of seven qualified professional valuers. The results are diagnostic of the current challenges within the profession and contribute to the development of a set of ‘preferred futures’. The professional valuers were expected to identify a preferred path from the current reality as a departure point. The findings suggested that there were structural and systematic issues, as well as inherent organisational issues confronting the professionals and the profession. Valuers were hopeful about the future of the profession and considered their knowledge and expertise as invaluable in the country. The main challenges identified are linked to the lack of professional legitimacy and authority, stagnant diversity, poor finances, uncoordinated education and the lack of mentorship and accreditation of valuers. Contrary to expectations, the findings showed some optimism in the sustainability of the profession despite varying views by the participants. The deduced possible futures weighed in favour of a marked shortage of experienced professionals due to the lack of interest by younger professionals and a constrained transfer of skills. Probable futures are largely characterised by gloom that is linked to the attrition of skills and loss of prestige, and which will threaten the economic viability of the profession. Preferred futures entail a diverse demographic composition and sound skills base within professional ranks. The study recommends actions to be taken in order to create alternative futures in the present, as an antidote to the gloomy future of the valuation profession in South Africa towards 2040. , Thesis (MA) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
- Authors: Mthuli, Malusi Phola Lusanda
- Date: 2022-04
- Subjects: Real property -- Valuation , Real estate development , Property -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57980 , vital:58456
- Description: Valuers within the property valuation profession are ageing while the scope and demand for their work is increasing. The main objective of this study was to explore current challenges and forecast the probable futures of the property valuation profession in South Africa towards 2040. In so doing, it sought to address the deficiency in research regarding the property valuation profession in the country. The study employed a futures methodology framework, namely the Future Studies Approach, as its core research tool that incorporates The Futures Triangle. The Causal Layered Analysis was applied as a secondary approach to guide the theoretical framework. Semi-structured interviews were conducted with a conveniently selected sample of seven qualified professional valuers. The results are diagnostic of the current challenges within the profession and contribute to the development of a set of ‘preferred futures’. The professional valuers were expected to identify a preferred path from the current reality as a departure point. The findings suggested that there were structural and systematic issues, as well as inherent organisational issues confronting the professionals and the profession. Valuers were hopeful about the future of the profession and considered their knowledge and expertise as invaluable in the country. The main challenges identified are linked to the lack of professional legitimacy and authority, stagnant diversity, poor finances, uncoordinated education and the lack of mentorship and accreditation of valuers. Contrary to expectations, the findings showed some optimism in the sustainability of the profession despite varying views by the participants. The deduced possible futures weighed in favour of a marked shortage of experienced professionals due to the lack of interest by younger professionals and a constrained transfer of skills. Probable futures are largely characterised by gloom that is linked to the attrition of skills and loss of prestige, and which will threaten the economic viability of the profession. Preferred futures entail a diverse demographic composition and sound skills base within professional ranks. The study recommends actions to be taken in order to create alternative futures in the present, as an antidote to the gloomy future of the valuation profession in South Africa towards 2040. , Thesis (MA) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
Multi-income level investment in golf estates
- Authors: Ngubeni, Steven Piet
- Date: 2007
- Subjects: Real estate development , Sustainable development -- South Africa , Housing development -- South Africa , Planned communities
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:9694 , http://hdl.handle.net/10948/771 , Real estate development , Sustainable development -- South Africa , Housing development -- South Africa , Planned communities
- Description: The government of South African has stated its intentions to enforce a policy which will compel developers of upmarket residential properties to set aside 20 percent of their upmarket residential developments to accommodate affordable housing. The developers on the other hand, have expressed concerns about this approach. The principal aim of this study and of the research was to investigate the desirability of the concept of multi-income-level investment approach to the development of golf estates. A phenomenological strand of qualitative research method was used in the research. The following formed the focal point of the research: • An investigation into the perceptions of the stakeholders, especially the buyers of up-market properties, about mixed-income-level investments in golf estates. • The potential effect of the implementation of including affordable housing in the development of golf estates • An investigation of the perceived effect on the profitability of investments by the inclusion of affordable housing in golf estate properties. • The extent of the contribution of including affordable housing in golf estate developments to the reduction of the current backlog
- Full Text:
- Date Issued: 2007
- Authors: Ngubeni, Steven Piet
- Date: 2007
- Subjects: Real estate development , Sustainable development -- South Africa , Housing development -- South Africa , Planned communities
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:9694 , http://hdl.handle.net/10948/771 , Real estate development , Sustainable development -- South Africa , Housing development -- South Africa , Planned communities
- Description: The government of South African has stated its intentions to enforce a policy which will compel developers of upmarket residential properties to set aside 20 percent of their upmarket residential developments to accommodate affordable housing. The developers on the other hand, have expressed concerns about this approach. The principal aim of this study and of the research was to investigate the desirability of the concept of multi-income-level investment approach to the development of golf estates. A phenomenological strand of qualitative research method was used in the research. The following formed the focal point of the research: • An investigation into the perceptions of the stakeholders, especially the buyers of up-market properties, about mixed-income-level investments in golf estates. • The potential effect of the implementation of including affordable housing in the development of golf estates • An investigation of the perceived effect on the profitability of investments by the inclusion of affordable housing in golf estate properties. • The extent of the contribution of including affordable housing in golf estate developments to the reduction of the current backlog
- Full Text:
- Date Issued: 2007
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