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Residents' Preference on Utilizing Green Space Facility

Susilawati, Connie & Virojanapa, Marinee (2007) Residents' Preference on Utilizing Green Space Facility. In 13th Annual Conference Pacific Rim Real Estate Society, 21 to 24 January 2007, Fremantle, Australia.

Abstract

Golf-view property involves a niche market in which target customers possess specific characteristics related to income, tenure, age and lifestyle. In general, a golf view property is usually more expensive than a land in the same neighbourhood but has no direct view. The scarcity of golf view land, better view and air quality are additional value added for the golf view property. It is also a life style choice. In contrary, golf course has not been utilised by local residents. Some of them are not playing golf. Moreover, some golfers did not like to play in their backyard.

This paper analysed the resident's purchase preference on utilising adjacent green space facility provided in a master-planned community development. This study also compares residents who live near park and lake at the same location. The mail survey to the local residents was conducted at North Lake, Queensland.

Although residents nominated lifestyle as important motivation to purchase their golf-view property, more than 20 per cent of golf-view's owners did not have any involvement with this sport. Moreover, golfers are not frequently utilise nearby golf course (North Lake) compare to other golf courses. Therefore, golf membership is not related to the proximity of golfers’ residents and it is not a key driver to make purchasing decision.

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ID Code: 11360
Item Type: Conference Paper
Additional Information: The contents of this conference can be freely accessed online via the publisher’s web page (see hypertext link).
Additional URLs:
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Copyright Owner: Copyright 2007 (please consult author)
Deposited On: 07 Jan 2008
Last Modified: 29 Feb 2012 23:39

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