dc.description.abstract | Abstract
Construction industry had its golden age with extravagant profits. Improper development, overbuild, economic depreciation and excess supply over demand in building units has caused severe problems recently. It is very import for construction industry to introspect and develop appropriate building products for attractting investors and customers.
In the past, the trade between developer and buyer regarding land development is very simple. The developer plans and markets in various means to advertise for building products and then sells all the land, building and public facilities to the buyers in accordance with the contract. The developer does not want becoming part of the co-owner unless there were some units has not been sold.
Using customer-oriented and usage-right-oriented breaks the simple business transaction between the developer and buyer, which makes the developer becomes co-owner of condominium. According to the apartment & housing management ACT, appointed a capable co-owner to manage a condominium will enhance the living quality. A thorough consideration of construction life cycle including feasibility study, plan, design, tender, procurement, construction, operation and maintenance, will create a sustainable management environment. It is difficult to develop in traditional way due to the increasing difficulties of acquiring and developing estate such as state-own and ancestral-shrine-own land. It is complicated to transfer the ownership of land to developer because too many owners and different policies were involved with. Therefore usage-right-oriented might be the solution for land development.
By introducting the concept of ownership right for asset and debt (ownership, superficies, preemption, mortgage, option) of civil law, the buyer can choose different usage-right collocating varieous combinations to buy the appropriate building products. The higher asset value means more guarantee which will attracts more buyers to invest.
This study is different to traditional. The introduction of developer involvement in management and the concept for buyer of choosing the derivative usage-right products by related civil law, land law and apartment & housing management ACT. The principal part is condominium and the ingredient is different usage-right, makes up the different investment selection. Planning and designing in accordance with the senior citizens need then evaluate the investment alternatives follow by the market and future trend. | en_US |