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Emerging Markets Case Studies Collection
ISSN: 2045-0621
Online from: 2011
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Privatisation of Malaysian property development projects
| Title: | Privatisation of Malaysian property development projects |
|---|---|
| Author(s): | Ismail Omar (Lecturer at the Faculty of Geoinformation and Real Estate, Centre for Geospatial Science (INSTEG), Universiti Teknologi Malaysia, Johor Bahru, Malaysia), Fauziah Raji (Doctor at Razak School of Engineering and Technology, Universiti Teknologi, Kuala Lumpur, Malaysia and Faculty of Geoinformation and Real Estate, Centre for Geospatial Science (INSTEG), Universiti Teknologi Malaysia, Johor Bahru, Malaysia) |
| Citation: | Ismail Omar, Fauziah Raji, "Privatisation of Malaysian property development projects", Emerald Emerging Markets Case Studies Collection, (2011) |
| Keywords: | Design and development, Malaysia, Privatization, Project management, Property |
| Article type: | Case study |
| DOI: | 10.1108/20450621111123056 (Permanent URL) |
| Publisher: | Emerald Group Publishing Limited |
| Acknowledgements: | Disclaimer. This case is written solely for educational purposes and is not intended to represent successful or unsuccessful managerial decision making. The author/s may have disguised names; financial and other recognizable information to protect confidentiality. |
| Abstract: | Subject area – Property development, the built environment and privatisation. Study level/applicability – Undergraduate and MA level property development courses, modules covering privatisation within undergraduate, MBA and MA level management programmes. Case overview – Property development is complex and diverse. It involves many agents with diverse roles, strategies and actions that affect the return. In a way, privatisation reduces government's financial burdens and offers ease of procedures to agents. This case study investigates privatisation of property development projects by a local authority in Kuala Lumpur, Malaysia. In particular, the study focuses on modes of privatisation (MOP) and the extent to which it affects the return of the projects. The MOP studied are the land swap, land lease and the joint venture development on 15 selected privatisation projects. Expected learning outcomes – Students are expected to be able to understand the MOP for land development projects using Malaysia as an example; evaluate the strengths and weaknesses of these MOP; assess the benefits and impacts to the local Malaysian authority, landowners and land developers of MOP; and apply suitable MOP to alternative development projects. Supplementary materials – Teaching note. |
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