Strategic real estate planning for software companies

Pao Yue-kong Library Electronic Theses Database

Strategic real estate planning for software companies

 

Author: Chan, Yan-wai Eddy
Title: Strategic real estate planning for software companies
Degree: M.Sc.
Year: 2000
Subject: Computer software industry -- China -- Hong Kong
Strategic planning -- China -- Hong Kong
Real estate management -- China -- Hong Kong
Hong Kong Polytechnic University -- Dissertations
Department: Multi-disciplinary Studies
Dept. of Building Services Engineering
Pages: ix, 82, 12 leaves : col. ill. ; 30 cm
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b1524921
URI: http://theses.lib.polyu.edu.hk/handle/200/4746
Abstract: Real estate (its land, building, and working environment) is one of the major company resources. Strategic real estate planning is crucial to a company's performance and profitability; it should be on a long-term basis helping the company to accommodate future changes of staff growth, organisation re-engineering, production, technology, and etc. Most of the companies have adjusted their real estate plans in response to the impact of information technology and the depressed property market. This study reviews the real estate planning of companies in the fast growing software industry, which has emerged as a locomotive of technological innovation and application of new technologies in Hong Kong. The objectives of this research are to study the use of real estate portfolio of software companies; to examine their widely applied real estate strategies; and to explore its consequence to the facility planning. The real estate strategies under study include the 'Rent Vs Buy' strategy and the office selection criteria. This study contributes to the field of facility management by providing an overview of the real estate portfolio of software companies, which provides benchmarking information for the facility management practitioner. It has validated the hypothesis that software companies in Hong Kong tend to rent offices for their operations, and has identified the key office selection criterion of good I.T. infrastructure support. The study also provides insight into other office selection criteria such as, centralisation, location, and etc. Directions for future studies in real estate planning for software companies are also proposed.

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