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-By Ahmad Shazrin Mohamed Azmi, Noor Rosly Hanif & Siti Mashitoh Mahamood

Abstract

The paper proposes the conceptual criteria of a special purpose vehicle (SPV) for the development of waqf properties, but with a new identity known as the Special Property Development Entity (SPDE). It intends to help the State Islamic Religious Councils (SIRC) who consistently dealing with various types of waqf institutional problems and unfavourable governmental regulations or procedures. The aim of this study is to establish a versatile organization set up for SPDE in helping the SIRC to improve the waqf institution. The objectives of this study are to propose the concept and to determine the key criteria for the establishment of SPDE. Since this study is still at the preliminary stage, this paper is presenting only the underlying theory that become the concept and proposing the criteria for the SPDE based from various literature. The eight identified criteria in this paper have significantly become as the basis for data collection stage and refinement later on.

Keywords:  Waqf Development, Agency Model, Special Property Development Entity (SPDE)

01 – Revitalising the Development of Waqf Properties- A way forward

 

-By Muhamad Amir Afiq Lokman, Mat Naim Abdullah@Mohd Asmoni and Nursyamimi Shaari

Abstract

Sustainability concept has grown in recognition and importance since the last 10 to 15 years and the issues of achieving sustainability, climate change as well as environmental protection have been addressed by the construction players. While many studies have examined the competency of project managers, there is little attention given for green building construction. Therefore, this study aims at identifying a list of competencies for green building project manager. Through literature review, a total of 49 competencies have been identified from previous studies and this search is limited with the year of published article ranging from 2000 to 2015 using Google Scholar, which were then analysed using content analysis. This study can help in creating further knowledge and skills for project managers to be more relevant and effectively execute sustainable projects.

Keywords: Sustainability; Competency; Project Manager; Project Management; Knowledge and Skill; Green Building.

02- EXPLORING COMPETENCIES FOR GREEN BUILDING PROJECT MANAGER

 

OVERSUPPLY CAUSES OF DOUBLE STOREY TERRACE HOUSES IN JOHOR BAHRU

-By Nurul Sahfikar A. Karim, Nurul Hana Adi Maimun, Noorsidi Aizuddin Mat Noor, Nurul Syakima Mohd Yusoff and Mohd Shahril Abdul Rahman

Abstract

Malaysia is currently facing an increasing problem in housing oversupply with Johor holding the second largest share in the nation’s oversupply stocks. Thus, this paper investigates the factors affecting housing oversupply in Johor, focusing on double terrace houses in Johor Bahru. The first objective reviews the causes of housing oversupply. The second objective evaluates the level of influence of factors on double storey terrace house oversupply in Johor Bahru. Questionnaires are distributed to 21 real estate agents in Johor Bahru to obtain their views on the housing oversupply factors. The level of influence of housing oversupply factors are ranked based on mean score. The study observes that housing unaffordability caused by expensive house prices and tight lending conditions strongly influence the housing oversupply in Johor Bahru. Thus, all parties in the property sector must work together to improve the buyers’ housing affordability to reduce housing oversupply in Johor Bahru. The findings of the study guides the developers, planners, policy makers and financial institutions in making property planning and financing decisions. Future research may attempt to investigate factors influencing the oversupply of other housing types or extend the study area to allow further understanding on housing oversupply problems in Malaysia.

Keywords: Property oversupply; Housing oversupply factors; Housing supply; Housing demand; Johor Bahru housing market

03 – OVERSUPPLY CAUSES OF DOUBLE STOREY TERRACE HOUSES IN JOHOR BAHRU