Abstract
Purpose
The purpose of this paper is to propose a hybrid decision-making model for optimizing the initial design strategies of pre-sales housing, identifying factors affecting the initial design of housing, and developing different initial design approaches and strategies based on buyers’ preferences.
Design/methodology/approach
Indicators and factors in line with the local initial planning and design are created according to the design quality indicator framework. The important indicators and factors are screened out preliminarily with the fuzzy Delphi method and decision-making trial and evaluation laboratory based analytic network process. The performances of two actual cases under similar site conditions are checked with regard to the overall residential sales rate and time on the market (TOM).
Findings
The result shows that the proposed model can effectively improve the sales rate, shorten the TOM and better complies with buyer design strategy demands, and thus positively correlating to economic value.
Originality/value
Pre-sales make possible the customized strategy of allowing future residents to participate in the housing design process. However, buyers’ participation in the design process is highly limited, and developers usually determine their planning and initial residential design strategies based on experience and intuition. With the proposed approach, the initial residential design of a project can be effectively intervened, so that home users can truly participate in the design, and the residential construction service can be provided in a unique, but non-universal way.
Subject
General Business, Management and Accounting,Building and Construction,Architecture,Civil and Structural Engineering
Reference34 articles.
1. How do market conditions impact price-TOM relationship? Evidence from real estate owned (REO) sales;Journal of Housing Economics,2013
2. Forward pricing and the housing market: the pre-sales housing system in Taiwan;Journal of Property Research,1993
3. Housing quality in the forward contracts market;The Journal of Real Estate Finance and Economics,2007
4. Quality and time on the market in residential markers;Journal of Real Estate Finance and Economics,2012
5. User participation in the building process;Journal of Information Technology in Construction,2010
Cited by
8 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献