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Abisuga, O A, Ogungbemi, A O, Akinpelu, A A and Oshodi, O S (2017) Assessment of building maintenance projects success factors in Lagos, Nigeria. Journal of Construction Business and Management, 1(1), 29-38.

Adu, E T, Lamptey-Puddicombe, A D and Opawole, A (2020) Consultants' perspectives of survival strategies for small and medium construction firms at infancy stage. Journal of Construction Business and Management, 4(1), 34-47.

Aghimien, D O, Awodele, O A and Maipompo, C S (2019) Organisational commitment of construction skilled workers in selected construction firms in Nigeria. Journal of Construction Business and Management, 3(1), 8-17.

Aiyetan, O A (2019) Influence of the management styles and quality of management on project delivery. Journal of Construction Business and Management, 3(1), 38-44.

Akintola, B F, Jagboro, G O, Ojo, G K and Odediran, S J (2020) Effectiveness of mechanisms for enforcement of ethical standards in the construction industry. Journal of Construction Business and Management, 4(1), 1-12.

Alade, W A (2020) Environmental and socio-economic impacts of Ojodu-Berger road upgrade, Lagos, Nigeria. Journal of Construction Business and Management, 4(1), 24-33.

Anugwo, I C, Shakantu, W, Saidu, I and Adamu, A (2018) Potentiality of the South African construction SMME contractors globalising within and beyond the SADC construction markets. Journal of Construction Business and Management, 2(1), 41-9.

Ayegba, C (2018) Duties and required competencies of a management contractor. Journal of Construction Business and Management, 2(1), 1-9.

Dada, J O and Bamigboye, G O (2021) Diagnosing the causes of quackery in quantity surveying practice in Lagos state, Nigeria. Journal of Construction Business and Management, 5(1), 28-37.

Dosumu, O (2018) Assessment of the likelihood of risk occurrence on tendering and procurement of construction projects. Journal of Construction Business and Management, 2(1), 20-32.

Joseph, S, Ralwala, A, Wachira-Towey, I and Mutisya, E (2023) Sustainable construction transition (SCT) policy regime in Kenya. Journal of Construction Business and Management, 6(1), 1-16.

Kukoyi, P O and Smallwood, J J (2017) A qualitative study of health and safety construction practices in Lagos. Journal of Construction Business and Management, 1(1), 1-7.

Mambwe, M, Mwanaumo, E M, Phiri, F and Chabota, K (2020) The construction subcontracting policy framework for developing local contractors capacities in Zambia. Journal of Construction Business and Management, 4(1), 60-70.

Musa, M M, Saleh, I M, Ibrahim, Y and Dandajeh, M A (2023) Assessment of awareness and barriers to the application of lean construction techniques in Kano State, Nigeria. Journal of Construction Business and Management, 6(1), 33-42.

Mwanaumo, E M and Mambwe, M (2019) Effect of management strategies in entrenching organisational safety culture in the electricity industry of Zambia. Journal of Construction Business and Management, 3(1), 27-37.

Obiefuna, J N, Omojola, A, Adeaga, O and Uduma-Olugu, N (2017) Groins or not: Some environmental challenges to urban development on a lagos coastal barrier island of Lekki peninsula. Journal of Construction Business and Management, 1(1), 14-28.

Odiba, E, Demian, P and Ruikar, K (2021) Development of a conceptual framework for effective quality management practices in construction organisations. Journal of Construction Business and Management, 5(1), 1-16.

Ogunbayo, O T (2019) Respondents’ perception of risk factors on residential property development in abuja, Nigeria. Journal of Construction Business and Management, 3(1), 18-26.

  • Type: Journal Article
  • Keywords: development appraisal; expected return; profit maximization; questionnaire survey; residential property; risk analysis; time
  • ISBN/ISSN: 2521-0165
  • URL: https://journals.uct.ac.za/index.php/jcbm/article/view/588
  • Abstract:

    Significant risk factors such as social, technological, economic, environmental and political in the timing development, minimization of cost and expected return as they influence the successful delivery process of residential property development were investigated in this study towards enhancing real estate development decisions. This is expedient because it has been argued that the link between project success criterions determines a successful project delivery. Data were obtained from members of Real Estate Developers Association (REDAN) in Abuja through the use of a self-administered questionnaire. The respondents were asked to rate the influence of risk factors on residential property development parameters, and the data were computed using logistic regression analysis. The study revealed that real estate developers were more concerned with the influence of economic and technological risk than other sources of risk. Also, the statistical effects were computed through logistic regression analysis. It was explained by significant value (ρ0.05) which depicts the likelihood of the risk factor which could either be positive or negative, as explained by beta (β). The findings revealed the effect of economic risk factors in timing development to be (β=1.833, ρ0.05). Also, the effect of technological risk factors to influence development cost were found to be (β=--.187, ρ0.05) while the effect of economic risk factors on return was found to be (β=1.026, ρ0.05). The main contribution of the study to the body of knowledge is developing a risk factors assessment technique for practitioners and academia to assess the residential property development performance as related to timely completion, cost and returns to enhance the need to develop competence in managing and minimizing the effect of risk factors on the residential investment appraisal.

Ogwueleka, A C and Ikediashi, D I (2021) Exploring the effects of positive organizational behaviour models on occupational eustress amongst construction employees. Journal of Construction Business and Management, 5(1), 38-46.

Oladiran, O J, Bayewun, A A and Aderogba, A M (2021) Awareness and usage of environmental waste management practices of contractors on construction sites. Journal of Construction Business and Management, 5(1), 17-27.

Oladiran, O J, Ogunsanmi, O E and Dada, M O (2019) Frameworks for material waste minimization on Nigerian building projects. Journal of Construction Business and Management, 3(1), 45-61.

Olusanya, O A (2018) Subcontracting systems and social protection in the informal building construction industry in Lagos, Nigeria. Journal of Construction Business and Management, 2(1), 10-9.

Oluwatayo, A A, Amole, D and Alagbe, O (2019) Firm attributes and performance: A study of architectural firms in Nigeria. Journal of Construction Business and Management, 3(1), 1-7.

Saidu, I, Shakantu, W, Adamu, A and Anugwo, I (2017) A bespoke approach for relating material waste to cost overrun in the construction indsutry. Journal of Construction Business and Management, 1(1), 39-52.

Simukonda, W and Kamwela, N (2021) The management of theft and vandalism on construction jobsites in the Southern Region of Malawi . Journal of Construction Business and Management, 5(1), 47-59.

Ssegawa, J K, Rwelamila, P D and Mogome, M G (2020) The challenges of closing construction projects final accounts in Botswana local authorities. Journal of Construction Business and Management, 4(1), 13-23.

Tembo, M, Mwanaumo, E M u and Kahanji, C (2023) An investigation into construction tender-price inflation. Journal of Construction Business and Management, 6(1), 17-32.

Tente, P, Misheng'u Mwanaumo, E and Didibhukut Thwala, W (2023) Sources and control measures of crystalline silica dust in a road and building project in Zambia. Journal of Construction Business and Management, 6(1), 43-52.

Tshehla, M F and Mukudu, E (2020) Addressing constraints for effective project finance for infrastructure projects in emerging economies: the case of Zimbabwe. Journal of Construction Business and Management, 4(1), 48-59.

Waziri, B S (2018) Pareto analysis of critical risk factors of build operate and transfer projects in Nigeria. Journal of Construction Business and Management, 2(1), 33-40.

Windapo, A, Odediran, S, Moghayedi, A, Adediran, A and Oliphant, D (2017) Determinants of building construction costs in South Africa. Journal of Construction Business and Management, 1(1), 8-13.