An Analysis of Land Use Succession and Property Value in Ile-Ife, Nigeria

Land use succession systems have played a crucial role in cities transformation, evading and mitigating the adverse impacts on property value and unplanned development. However, such developments were not aimed at ensuring orderly spatial development which is consistent with land use and sustainable development. This study determined the trends in properties values between the year 2002 and 2016 and examined the relationship between rental values and types of Land Use Succession (LUS) in Ile-Ife, Nigeria. This was to provide information that could enhance property investment decision. Both primary and secondary data were used for the study. Primary data were obtained through the use of the questionnaire. This was administered to landlords, Estate Surveyors and Valuers and on the official of Ife Central Town Planning and Land Services Department. Data were collected from the respondents on the three major roads where LUS was prevalent. Four hundred and fifty buildings were identified out of which 50% were selected. Data collected were analyzed using descriptive and inferential statistics such as trend analysis and Analysis of variance (ANOVA). The result showed that residential properties increased by 42.2% while commercial property increased by 57.8% between the year 2002 and 2016. The result also showed a significant statistical relationship between properties values and types of LUS with corresponding P-values of 0.000, 0.000 and 0.019 for residential-commercial, residential cum commercial and residential-religion types of LUS respectively. The study concluded that an increase in rental value as a result of LUS is capable of enhancing property investment decision.

Application of e-booking system in enhancing Malaysian property developers’ competitive advantage

Purpose Property websites have been widely used to simplify the complicated conventional booking system nowadays. However, the services provided by the property websites are limited to information searching and registration. The uptake of the e-booking system in the property industry is still sluggish. The purpose of this paper is to examine the potential of the e-booking system as the blue ocean in enhancing property developers’ competitive advantage, and also investigates the benefits and key features of the e-booking system in the Malaysian property industry. Design/methodology/approach A mixed method of questionnaire and interviews is used to investigate the acuities of potential purchasers on the concept and potential of the e-booking system in the Malaysian property industry. Findings The findings of the study revealed that the perception towards the application of the e-booking system is positive. The benefits and prominent features are identified. There are no significant differences in perceptions among the three generation cohorts comprising of Generation Y, Generation X, and Baby Boomers. Research limitations/implications The sampling of this study is limited to the Klang Valley area only with the respondents mainly from Selangor and Kuala Lumpur. The small sample size may restrict the generalisation of the findings to represent the whole population of Malaysia. Practical implications These findings provide insights and guidelines for property developers in developing a strategic plan to introduce the e-booking system which can lead to a more efficient way of property purchasing process and praiseworthy users’ experience. Originality/value To the authors’ knowledge, this is the first paper that seeks to explore the potential of the online property transactions as a blue ocean strategy that will enhance property developers’ competitive advantage. As such, the key features identified in this study will be used in designing the e-booking system in the real estate market.

Innovation-orientation, dynamic capabilities and evolution of the informal Shanzhai firms in China

Purpose – This paper aims to study the evolution of innovation-based dynamic capabilities in informal copycat-style firms. As a kind of informal economical organizations, copycat-style firms in many emerging economies play an important role in their development of the economics. The development of Shanzhai firms, Chinese-style copycat firms, from imitation to innovation has become an important micro-foundation of China’s economic growth and the manufacturing development. With the cluster development of the Chinese mobile phone industry as the macro and industrial environment background, this paper chose Beijing Tianyu Communication Equipment Co. Ltd as the typical example of innovation in Shanzhai firms and studied the evolution of innovation-based dynamic capabilities in this company. Design/methodology/approach – This paper chose Beijing Tianyu Communication Equipment Co. Ltd as the typical example of innovation in Shanzhai firms and studied the evolution of innovation-based dynamic capabilities in this company by adopting the leading-edge dynamic capability theory, innovation theory and industrial cluster theory. The authors further discussed how to improve the dynamic capabilities in Shanzhai firms in China. Findings – It is finally suggested that Shanzhai firms should reduce innovation failures and lower damage degree of dynamic capabilities through consistent innovation and paying attention to their innovation improvement. Originality/value – It will be very significant to research the survival or diminishing of Shanzhai firms from a theoretical perspective, which will eventually enhance property right protection and innovation development in China.