Technology for Identifying Determinants of Condominiums Responsible for Property Investing in Thailand

  • Than Dendoung Faculty of Architecture and Planning, Thammasat University, 12121, Thailand
  • Kongkoon Tochaiwat Faculty of Architecture and Planning, Thammasat University, 12121, Thailand
  • Damrongsak Rinchumphu Faculty of Engineering, Chiang Mai University, 50200 Thailand
  • Jolyon L.A. Dodgson Department of Agriculture and Countryside, Myerscough College, Preston, PR3 ORY United Kingdom

Abstract

This article examines responsible property investment (RPI) determinants of condominiums in Bangkok and local provinces, Thailand. The methodology used in this research is explanatory factor analysis (EPA) to classify the relationship between the potential dimensions of RPI. The study collected 167 cases from the owners’ resale of units between 2018-19 and from 22 buildings. The results show 14 factor groups that represent the RPI dimensions of condominium buildings. The first 18% of the component represents the unit quality, value-added, and intangible quality of the unit. Then, 35% of the components serve financing expenses on the project, such as marketing costs and features and characteristics of the building. The last 47% of the components represent the location and environmental responsibility.  This study demonstrates that RPI can lead developmers to be more responsible for their investment as well as performing strategy marketing and financing benefit. RPI standards help customers aware of the product choices of purchases that are responsible for the evnironment and society. The additional benefit of RPI is that it updates the green building assessment tool to be more favorable for the investment strategy. The result will also be the foundation of RPI research in Thailand. In the end, RPI can establish a common ground objective to develop and implement a long-term sustainable strategy from investment, devlopment, management, and corporate activities with other organizations.

Downloads

Download data is not yet available.
Published
2020-06-30
How to Cite
Dendoung, T., Tochaiwat, K., Rinchumphu, D., & Dodgson, J. L. (2020). Technology for Identifying Determinants of Condominiums Responsible for Property Investing in Thailand . nternational ournal of uilding, rban, nterior and andscape echnology (BUILT), 15, 45-64. etrieved from https://ph02.tci-thaijo.org/index.php/BUILT/article/view/240615
Section
Articles