Welcome to Open Science
Contact Us
Home Books Journals Submission Open Science Join Us News
Barriers to Sustainable Property Development in Lagos Metropolis
Current Issue
Volume 2, 2015
Issue 3 (June)
Pages: 31-37   |   Vol. 2, No. 3, June 2015   |   Follow on         
Paper in PDF Downloads: 24   Since Aug. 28, 2015 Views: 1780   Since Aug. 28, 2015
Authors
[1]
Olanipekun T. A., Department of Estate Management and Valuation, School of Environmental Studies, Yaba College of Technology, Yaba, Lagos, Nigeria.
Abstract
The paper investigated the barriers to sustainable property development in Lagos Metropolis. 310 questionnaires were administered in all, some to registered professionals in built environment and others to member of Real Estate Developer Association of Nigeria (REDAN) based in Lagos of which 74.19% were retrieved and descriptive statistical tool was used to analyse data collected. It was discovered that professionals lack requisite educational knowledge in sustainable property development and it was not part of the curriculum while acquiring knowledge in higher institution. Finance was a major barrier to real estate developers in the study area and the fact that there is lack of demand on the part of occupier for sustainable property. The paper recommended that professionals in the built environment should take refresher courses on sustainable property development and that Institution of higher learning should include sustainable property development in their course curriculum.Government and financial institution can come up with a special loan arrangement for developers that are willing to embark sustainable property development.
Keywords
Barriers, Sustainable, Property Development and Sustainable Property Development
Reference
[1]
"Addae-Dapaah, K., Haing, L.K., and Sharon, N.Y. S. (2009) Sustainability of sustainable real property development. Journal of Sustainable Real Estate Vol. 1No. 1
[2]
Ajayi, c. A. (2014) Green buildings: a panacea for sustainable property management practice in Nigeria.
[3]
Arnel,T. (2010) Tackling global climate change: meeting local priorities. A world green building council special report retrieved from http://www.worldgbc.org/site2/resources/case-studies/gbc-reports
[4]
Aliagha, G. U., Hashim, M., Sanni, A. O., and Ali, K.N. (2013) Review of green building demand factors for Malaysia Vol. 3, No.11 special issue for international conference on Energy, Environment and Sustainable Economy
[5]
Bond, S., and Perrett,G. (2012) The key drivers and barriers to the sustainable development of commercial property in new Zealand. Journal of Sustainable Real Estate Vol. 4 No. 1
[6]
Bala, I. and Ighalo, J. I. (2012) sustainable housing development as a panacea to sustainable environmental management in developing countries. Being paper presented at School of Entrepreneurship and Management Technology, Federal University of Technology, Minna, Niger State , Nigeria
[7]
Businessday (2014) http://businessdayonline.com/2014/06/encourageing-green-bilding-as-standard-for-tomorrows-built-environment/#. U_RCo3lgaJ suggests a number of reasons why green buildings are yet to find favour among developer in Nigeria.
[8]
Buys,Barnelt,Miller and Bailey, 2005)
[9]
Choi, C (2009) Removing market barriers to green development: principles and action projects to promote widespread adoption of green development practice. Journal of Sustainable Real Estate Vol. 1 No. 1
[10]
Circo, 2008 in Henry, Ross and Harold 2012
[11]
Davis, L. (2007) Cost of green revisited: examining the feasibility and cost impact of sustainable design in the light of increase market adoption retrieved from http://www.davilangdon.com/upload/images/publications/USA/
[12]
The%20Cost%20of%20Green%20Revisited.pdf
[13]
Deloitte, (2014) Sustainable property and real estate. Retrieved from http:/www.deloitte.com/view/en_GB/uk/market-insights/sustainability-service/sustainable-property-and-real-estate/index.htm
[14]
Dunbar, D. (2003) Local housing strategy;2004-2009. Falkirk Council Scotland, housing & Social works services
[15]
Hankinson, M. and Breytenbach, A. (2012) Barriers that impact on the implementation of sustainable design.
[16]
Jain, (2013) Real estate management business process and perspectives New Delhi Discovery Publishing house (DPH) pvt limited.
[17]
Klein, J. A., Drucker, A. and Vissier, K (2009) A practical guide to green estate management Chicago: Institute of real estate management of the national Association of Realtors
[18]
Kats, G.H. (2003) The costs and financial benefits of green buildings.
[19]
Miyatake, Y ( 1996) Technology development and sustainable construction, journal of management in Engineering12 (4) http://dx.doi.org/10.1061/9ASCE00742-597X(1996)12:4(23)
[20]
Oliyide, S.(2014) The evolution of green building in Nigeria. A myth or really: facilities management roundtable with theme “Towards optimal performance of critical infrastructure and real estate assests in Nigeria” organized by Alpha Mead Facilities &Management Services Limited (AMFacilities) as part of activities marking the facilities management day in Lagos.
[21]
Oladokun, T. (2010) Sustainable property management practice in Nigeria, paper presented at proceeding of the international conference on sustainability in the built environment.
[22]
Parsons, S. (2009) Sustainable property management: Reducing carbon and cost, environmental Leader. Retrieved from http://www.environmentalleader.com/2009/11/12/sustainable-property-management-reducing-carbon-and-cost
[23]
Samari M, Godrati N, Esmacilifar R, olfat P and Shafiei M W M (2013) The investigation of the barriers in developing green building in Malaysia modern Applied science Vol7 No. 2 being a publication of Canadian center of science and education
[24]
Seyfang, G (2010) community action for sustainable housing building a low carbon future. Journal of Energy policy Vol 38 Issue 12
[25]
Yung E and Chan E.H.W (2002) Evaluating Environmental Management policies: International trend development of construction management and real estate Zhang X, Platten A, and Liyin S (2011) Green property development practice in China: costs and barriers, Building and Environment Vol 46 issue 11. "
Open Science Scholarly Journals
Open Science is a peer-reviewed platform, the journals of which cover a wide range of academic disciplines and serve the world's research and scholarly communities. Upon acceptance, Open Science Journals will be immediately and permanently free for everyone to read and download.
CONTACT US
Office Address:
228 Park Ave., S#45956, New York, NY 10003
Phone: +(001)(347)535 0661
E-mail:
LET'S GET IN TOUCH
Name
E-mail
Subject
Message
SEND MASSAGE
Copyright © 2013-, Open Science Publishers - All Rights Reserved