Supply side constraints: Lack of availability of Urban Land Increasing population density gives a huge demand in urban areas for land in India 4. The shortage has now increased more by poor municipal regulations. As a result, the land prices are now much more than intrinsic levels which support the mass development of real estate 4. RISING THRESHOLD COSTS OF CONSTRUCTION The prices of luxury residential projects are guided by land costs construction which have a significant share of affordable housing. This is because of the fact land prices fall varies depending from city to city, and costs of construction follow a trend from mid income to low income housing
Therefore, the construction activities reduce once the prices fall. 4.2) Engineering Restrictions and Anti-engineering Campaigns To keep pace with the growing demand of houses in the U.K, at least 250,000 houses should be built annually. However, bureaucratic engineering approvals, land restrictions, and stringent rules governing the design and construction of tall buildings including the Grenfell Tower, are drawbacks to the speedy construction of housing units (Scott p.1). After the inferno, the Friends of Richmond Park, and residents of the west London suburbs, actively campaigned against the construction of tall buildings. Although the restrictions and campaigns were meant to safeguard the safety of the occupants, they gradually contributed to the housing shortage currently
Due to land scarcity and the high prices of new real estate projects, there is a need to find a place for middle class category which is taking advantage from the old rent law currently happening. The affordable housing is insufficient, and the recent real estate developments are affordable only for the elite and upper class households. The apartments who benefited from the old rent, was turned by the real estate companies into luxurious apartments, sold to rich immigrants or owners from the Gulf which makes them rarely inhabited and off the rental market. Just like the example in Solidere where the real estate market is offering a housing supply disconnected from the demands of the locals. This type of apartments is not designed for the Beirutis, which is driving them away, keeping the city empty.
This is because it would increase the unemployment rate, harm worker health and step up living expense. Minimum wage law tends to have a worse effect on the employment rate. In fact, 90% of the company in Hong Kong is small and medium enterprises and their daily operation is already difficult. By setting up the SMW, those companies are required to follow the law but most of them are not able to afford the extra expenses from pay rise. According to Schmitt (2013), the minimum wage has slight or even no noticeable effect on the employment rate in that the cost generated by minimum wage is large relative to most of the firms.
Although the LEO building can saving more than 50% of energy and promise giving payback the extra investment less than a decade, but the building owner need pay more 10% of construction cost compare to traditional office buildings in the beginning. Because of the green building is that is non-traditional, finding a lender to offer the loans for building maybe become more difficult. In addition some of them are the opponent who disagree the green building and some disagreement of partner lead more difficult to find the lender to build the green building. Another reason of cost a lot is because the materials. Green buildings are require using the eco-friendly materials to construct.
Adding to the woes the recession and its aftermaths are still taking its tolls, however strong the denial is. Now is the time for a reality check – how to go for cost effective houses. Affordability issues have resulted in people looking for methods to build cheap houses. Google down the methods of building cost effective houses you can find not so below in the list shipping containers and mind it – it is now a worldwide trend to convert shipping containers into affordable housing. Yes, the
That meant there is a complex hybrid identity for the Hong Kong people. In general, it can be said that the heritage conservation is a middle-class and elite notion. However, for the majority of middle-class, they would prefer upgrade their living standard for themselves and their generation. This led them towards the economic development rather moved on the heritage conservation, the consciousness of heritage conservation seems weak. Most people though that the heritage is poor conditions and obsoleted.
Condominium prices are more cheaper and affordable by public. The average prices of buying a condominium in malaysia is about RM500,000 for a minimum 3 bedroom and it located at the city. And, The prices of bungalow are more expensive for about RM5000,000 compared with condominium and normally not near by the city. If buyer are more prefer with the bungalow that located in the city , the prices will greatly increase according to the location of the bungalow that the buyer want to finance. The high cost of the bungalow will stop the step of the public due to the reason that they can’t bear the price.
I do admit that one of the reasons that Ikea had a hard time emerging to Chinese market was that their design and style do not match with traditional Chinese style. However, almost two decades after Ikea’s first tempt in China, the culture has changed a lot. The world is more closely-connected than ever and people’s horizons are wide opened. Especially when Ikea is aiming at the white-collars who are more educated and appeal to the western world, there are no longer problems for the costumers to accept and appreciate the European modern style furniture. This decision will surly lower the cost and also contribute to the sustainability of
the walled city. So that better understanding of the pattern in which the city has grown, the physical, social and economic changes and the current situation. As the people used to live in walled city for togetherness and safety but due to urbanisation and issues like congestion, traffic, pollution, high land price has led to migration of old city area to suburban areas and the value of the old city in the city is seen to be lost. In present pace of economic development, historic resources are often taken as inefficient and unproductive. They are often replaced with buildings that appear contemporary and more efficient.