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A real estate development model for Turkey: real estate certificates and integrated project delivery
Property Management Pub Date : 2020-12-11 , DOI: 10.1108/pm-04-2020-0024
Eymen Cagatay Bilge

Purpose

Technological developments are having an impact on the construction sector and are creating a paradigm shift in project delivery methods. Traditional project delivery systems are inadequate in current project development processes. A more integrated project delivery system and the establishment of contractual and financial structures are needed. The purpose of this study is to incorporate integrated project delivery and real estate certificate concepts and propose a model for real estate development.

Design/methodology/approach

As a methodology, both integrated project delivery and real estate certificate concepts are reviewed individually, and a case to real estate certificate in Turkey is examined.

Findings

A real estate certificate is a new method for financing the development process. The system covers the financial dimension of the integrated project delivery system. When these two concepts are combined, they provide an alternative to the real estate development process.

Research limitations/implications

This study is a preliminary study and lays the foundation for future studies.

Practical implications

In theory, both concepts have many advantages, in practice, it is essential to create the necessary legal basis for these advantages to be valid. As this process requires significant planning and contract management, the proposed model must be properly designed at the start of the project.

Originality/value

This study proposes a new model for real estate development by combining integrated project delivery and real estate certificate concepts.



中文翻译:

土耳其的房地产开发模式:房地产证书和综合项目交付

目的

技术的发展对建筑业产生了影响,并在项目交付方法上产生了范式转变。传统的项目交付系统在当前的项目开发过程中是不够的。需要一个更加综合的项目交付系统以及建立合同和财务结构。本研究的目的是结合集成的项目交付和房地产证书概念,并为房地产开发提出模型。

设计/方法/方法

作为一种方法,综合项目交付和不动产证书概念将分别进行审查,并研究土耳其不动产证书的情况。

发现

房地产证书是为开发过程提供资金的一种新方法。该系统涵盖了综合项目交付系统的财务方面。当这两个概念结合在一起时,它们为房地产开发过程提供了另一种选择。

研究局限/意义

这项研究是初步研究,为将来的研究奠定了基础。

实际影响

从理论上讲,这两个概念都有许多优点,在实践中,必须为这些优点的有效性创建必要的法律依据。由于此过程需要大量的计划和合同管理,因此建议的模型必须在项目开始时进行适当的设计。

创意/价值

这项研究结合了集成的项目交付和房地产证书概念,为房地产开发提出了一种新模型。

更新日期:2020-12-11
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