Escrow accounts as a means for stakeholders to protect their funds invested in housing construction projects

2020 ◽  
Vol 13 (1) ◽  
pp. 114-122
Author(s):  
P.V. Akinin ◽  
I.I. Kravchenko
Keyword(s):  
Comparative Analysis ◽  
Construction Projects ◽  
Housing Development ◽  
Housing Construction ◽  
Development Projects ◽  
Housing Sector ◽  
Equity Investment ◽  
Shared Equity ◽  
Lending Institutions

Subject. Shared-equity investment in the primary housing sector is one of the most popular vehicles to finance housing construction projects. Objectives. We identify and analyze positive and negative aspects for co-investors of housing development projects in using escrow accounts. The article analyzed issues and possible solutions resulting from the innovative interaction of parties to housing construction projects in Russia. Methods. Studying the use of escrow accounts as a mean to make the finance of housing construction projects legally secure, we apply methods of logic, statistical and comparative analysis. Results. The article indicates positive and negative aspects of using escrow accounts and enlists risks associated with the purchase of housing when its construction is in progress. We describe how individual co-investors can protect their invested funds. We suggest the escrow account mechanism should be more thoroughly elaborated to secure the finance of housing construction projects. Conclusions and Relevance. The facility is novel for Russia. People are very wary of such innovations, especially in the housing segment. Would-be buyers should have clearer information about changes in the housing purchase procedure. Co-investors should be explained what requirements they need to meet when choosing a lending institutions and a developer, documentation on a shared-equity construction. It is crucial to communicate all details and technicalities about negative aspects of the financial facility.

Housing Construction and Economic Dynamics in Largest Cities of Russia

2018 ◽  
Vol 931 ◽  
pp. 1148-1153 ◽  
Author(s):  
Elena O. Mirgorodskaya ◽  
Sergey A. Sukhinin
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Housing Development ◽  
Housing Construction ◽  
Housing Provision ◽  
Economic Dynamics ◽  
Spatial Differences ◽  
Different Levels

This article analyzes spatial differences and tendencies of development of housing construction in largest cities of Russia. The authors estimate the pace of housing and housing provision in the largest cities of Russia. Based on a comparative analysis cities with different levels of housing development are identified. The authors define the interaction and interdependence of housing construction and economic development of Russia's largest cities.

OVERSUPPLY OF THE HIGH-COST HOUSING IN MALAYSIA

2020 ◽  
Vol 7 (2) ◽  
pp. 91
Author(s):  
Fazilah Ramli ◽  
Rozlin Zainal ◽  
Maimunah Ali
Keyword(s):  
Housing Market ◽  
Housing Development ◽  
Development Projects ◽  
Housing Supply ◽  
Huge Number ◽  
Housing Type ◽  
Housing Units

High overhang of housing rates together with the price of houses offered continues to rise lead to Malaysian housing market become very unaffordable. Therefore, it is important to investigate the reason behind the developer’s action in continuing to develop the high-cost housing despite the huge number of unsold housing units in the market in Malaysia. Respondents involved in this study were housing developers from Johor, Selangor and Perak who are currently or previously involved in the high-cost housing development projects that priced above RM300,000. The paper is expected that the developers able to meet the actual housing supply for high-cost housing type.

scholarly journals Longevity of risks in software development projects: a comparative analysis with an academic environment

2021 ◽  
Vol 181 ◽  
pp. 827-834
Author(s):  
Luís M. Alves ◽  
Gustavo Souza ◽  
Pedro Ribeiro ◽  
Ricardo J. Machado
Keyword(s):  
Comparative Analysis ◽  
Software Development ◽  
Development Projects ◽  
Academic Environment

scholarly journals Ranking of Sustainability Indicators for Assessment of the New Housing Development Projects: Case of the Baltic States

Resources ◽  
2017 ◽  
Vol 6 (4) ◽  
pp. 55 ◽  
Author(s):  
Laura Tupenaite ◽  
Irene Lill ◽  
Ineta Geipele ◽  
Jurga Naimaviciene
Keyword(s):  
Sustainability Indicators ◽  
Housing Development ◽  
Development Projects ◽  
Baltic States ◽  
The Baltic

scholarly journals Social Priorities of Less Developed Countries Sustainable Housing (Case of Sudan)

2019 ◽  
Vol 3 (1) ◽  
pp. 27
Author(s):  
Ayman K. Abdelgadir ◽  
Omer A. Abu Elzein ◽  
Faris Hameed
Keyword(s):  
Sustainable Development ◽  
Social Sustainability ◽  
Developed Countries ◽  
Environmental Indicators ◽  
Housing Development ◽  
Development Projects ◽  
Less Developed Countries ◽  
Sustainable Housing ◽  
The Social ◽  
The Developed Countries

Sustainable development and sustainable housing indicators are a response to the trend of adopting sustainable development objectives, adopted by most countries, especially developed and less developed countries. It is difficult to implement indicators developed for a developing country context in other contexts with different social, economic and environmental conditions. Social sustainability is the most important priority regarding evaluating the housing development projects in the developed and less developed countries. Economic conditions is linked in many aspects to the social sustainability indicators. Environmental indicators are important, but the less developed countries in general has a very low environmental foot prints, this is because the industry sector is usually week comparing to the developed countries. This paper reviews the sustainable housing indicators, with a focus on United Nations reports and indicators developed for contexts similar to study area, without ignoring the most reputable indicators developed for developing countries context. The research came with a set of indicators reflects the social priorities of the new housing development in Sudan. A questionnaire participants decided the relative important of each indicator and also the importance of the parameters of each indicator. Developing a set of social priorities for Sudan will give extra efficiency in promoting and assessing sustainability in the study area. Description of the questionnaire results which reflects the national social sustainable housing development priorities are discussed. The researches came with a set of recommendations to enhance the social aspects for new housing development projects in Sudan. Using this set of priorities and recommendations will give extra efficiency in promoting and assessing sustainability in the study area.

Penyelesaian Sengketa Dalam Perjanjian Baku Jual Beli Rumah Susun Menurut Undang Undang Nomor 8 Tahun 1999 Tentang Perlindungan Konsumen

2021 ◽  
Vol 8 (3) ◽  
Author(s):  
Eni Jaya ◽  
Arihta Esther Tarigan
Keyword(s):  
Dispute Resolution ◽  
Consumer Protection ◽  
Rapid Development ◽  
Housing Development ◽  
Third Party ◽  
Housing Construction ◽  
Entrepreneurship Research ◽  
Normative Approach ◽  
Legal Provisions ◽  
Mutual Agreement

Rapid development of housing construction raises various concerns related to making the customer satisfied and at concurrently allowing the developer to make profit. Increase in housing development does not go in pair with increase in compliance of obligations made by the entrepreneurs.   Terms and conditions of the business construction agreement are prepared by the entrepreneur and listed as standard agreement or standard clause. The purpose of this research was to determine the resolution of disputes in consumer protection law. The normative approach consists of learning the laws regarding the juridical process and debating about the standard agreement using terms of consumer protection law.   he outcome of this research ar (1) Legal Provisions of standard clauses in PPJB which is detrimental to consumer and is contained in the provisions of the article 18 of law Number 8 from  1999 concerning consumer protection. (2) Resolved the consumer dispute through mutual agreement or by means of a third party (authorized agency).  The existence of standard agreement has impact on the profitability of the entrepreneurship. Research shows that there is a necessity to regulate the contents of standard clauses in order to make the development of Indonesian business more transparent.Keywords: Consumer Protection, standard agreement, dispute resolution ABSTRAKPesatnya pembangunan rumah susun menimbulkan permasalahan lain yang sering muncul dalam pemenuhan kebutuhan akan perumahan yakni hak-hak konsumen yang dirugikan. Meningkatnya pembangunan perumahan, seringkali tidak diselaraskan dengan pemenuhan kewajiban oleh pelaku usaha. Permasalahan dalam bisnis rumah susun yang sering muncul adalah ketentuan mengenai pernyataan dan persetujuan untuk menerima segala persyaratan dan ketentuan-ketentuan yang ditetapkan secara sepihak dan ketentuan-ketentuan penandatanganan atas dokumen-dokumen yang telah dipersiapkan lebih awal oleh pelaku usaha, tercantum dalam surat pemesanan yang sering disebut perjanjian baku atau klausula baku. Tujuan dari penelitian ini adalah untuk mengetahui penyelesaian sengketa dalam bidang hukum perlindungan konsumen. Metode pendekatan normatif, yang terdiri dari pendekatan yuridis dengan cara mempelajari isi dari Undang-Undang,dengan melihat perdebatan mengenai perjanjian baku  ditinjau menurut UU Perlindungan Konsumen.  Adapun hasil penelitian ini adalah : (1) Ketentuan hukum terhadap pencantuman klausula baku  dalam PPJB yang merugikan konsumen menurut Undang-undang Perlindungan Konsumen terdapat dalam ketentuan pada Pasal 18 Undang-Undang No. 8 Tahun 1999 Tentang  Perlindungan Konsumen.(2) Penyelesaian sengketa dalam bidang hukum perlindungan konsumen pada umumnya dapat diselesaikan setidak-tidaknya melalui 2 (dua) cara penyelesaian, yaitu, Penyelesaian sengketa secara damai dan Penyelesaian melalui lembaga atau instansi yang berwenang, karena adanya kontrak baku perjanjian ini, cenderung merugikan pihak yang kurang dominan dalam hal ini pihak konsumen. Adapun  saran dalam penelitian ini diantaranya adalah Perlunya adanya peraturan dan sanksi terhadap pencantuman  klausa baku untuk memberikan batasan-batasan bagi perkembangan bisnis di Indonesia.Kata Kunci: Perlindungan Konsumen, Perjanjian Baku, penyelesaian sengketa           

Foreign investment in Australian residential properties

2019 ◽  
Vol 12 (2) ◽  
pp. 166-180 ◽  
Author(s):  
Hassan F. Gholipour ◽  
Hooi Hooi Lean ◽  
Reza Tajaddini ◽  
Anh Khoi Pham
Keyword(s):  
Real Estate ◽  
Foreign Investment ◽  
House Prices ◽  
Real Estate Market ◽  
Housing Development ◽  
Housing Construction ◽  
Annual Data ◽  
Content Type ◽  
Residential Properties ◽  
The Impact

Purpose The purpose of this study is to examine the impact that foreign investment in existing houses and new housing development has on residential house prices and the growth of the housing construction sector. Design/methodology/approach The analysis is based on a panel cointegration method, estimated using annual data for all Australian states and territories spanning the period of 1990-2013. Findings The results indicate that increases in foreign investment in existing houses do not significantly lead to increases in house prices. On the other hand, a 10 per cent increase in foreign investment for housing development decreases house prices by 1.95 per cent. We also find that foreign real estate investments have a positive impact on housing construction activities in the long run. Originality/value Existing studies used aggregate foreign real estate investment in their analyses. As foreign investment in existing houses and foreign investment for housing development have different impacts on the demand and supply sides of housing market, it is crucial that the analysis of the effects of foreign investment in residential properties on real estate market is conducted for each type differently.

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