Journal Screenshot

International Journal of Academic Research in Business and Social Sciences

Open Access Journal

ISSN: 2222-6990

Klang Valley Property Development and Construction Industry: A Case Study of Public Value Creation

Ellisha Nasruddin, Chan Chun Kiat

http://dx.doi.org/10.6007/IJARBSS/v14-i11/23465

Open access

This article aims to demonstrate the necessity of public value in pursuit of a sustainable approach in the property and construction sector and improve the collaboration of the stakeholders in the industry by involving more with green buildings. The article also aims to present the importance of government and property developers as the main key players in driving legitimacy and support and how it can enhance its operational capabilities among stakeholders to create public value by adopting green buildings. The study was conducted through a case study with various construction and property development stakeholders, specifically in the Klang Valley. The research interviewed a total of 12 stakeholders as case studies. The data was analyzed following the strategic triangle from the public value theory focusing on the necessity of collaboration among stakeholders to uphold sustainable development in their projects. The case findings demonstrated both legitimacy and support and operational capability from the government and property developers is necessary to build a collaborative environment among the stakeholders to ease public value creation in pursuit of sustainable development by adopting green building. Focusing more on public value creation would be important among the stakeholders to ensure a sustainable approach in the property and construction sector.

Azis, A. A. A. H. Memon, I. A. Rahman, S. Nagapan & Q. B. A. I. Latif (2012). Challenges faced by the construction industry in accomplishing sustainability goals," 2012 IEEE Symposium on Business, Engineering and Industrial Applications, Bandung, Indonesia, 2012, pp. 630-634. https://doi.org/10.1109/ISBEIA.2012.6422966.
Afsar, B., Al-Ghazali, B. M., Rehman, Z. U., & Umrani, W. A. (2020). Retracted: the moderating effects of employee corporate social responsibility motive attributions (substantive and symbolic) between corporate social responsibility perceptions and voluntary pro-environmental behavior. Corp. Soc. Responsib. Environ. Manag. 27, 769–785. https://doi.org/10.1002/csr.1843
Albine, M., & Korstjens, I. (2018). Series: Practical guidance to qualitative research. Part 3: Sampling, data collection and analysis, European Journal of General Practice, 24:1, 9–18. https://doi.org/10.1080/13814788.2017.1375091
Amos D., Chan, P. C., Ernest, E. A., He, B. J., & Ayokunle, O. O. (2017). Examining issues influencing green building technologies adoption: The United States green building experts’ perspectives, Energy and Buildings,
https://doi.org/10.1016/j.enbuild.2017.03.060.
Amos D., Chan, P. C., Ernest, E. A., & Ayokunle, O. O. (2018). Critical barriers to green building technologies adoption in developing countries: The case of Ghana, Journal of Cleaner Production, Volume 172. https://doi.org/10.1016/j.jclepro.2017.10.235.
Anthony R. L., Michael, J. H., & David R. R. (2006). Lean Processes for Sustainable Project Delivery, Journal of Construction Engineering and Management. https://doi.org/10.1061/(ASCE)0733-9364(2006)132:10(1083)
Azlina Md. Yassin, Sharifah Meryam Shareh Musa & Haryati Shafii (2018). Assessing Behaviour Amongst Construction Industry’s Players Towards Sustainable Green Building Practices. https://doi.org/10.1063/1.5055491
Baškarada, S. (2014). Qualitative case studies guidelines. The Qualitative Report, 19(40), 1-25. https://ssrn.com/abstract=2559424
Boldy, P., Barnes, L. (2011). CSR Initiatives for Green Buildings: Perspectives of Hong Kong Financial Institutions. In: Williams, G. (eds) Responsible Management in Asia. Palgrave Macmillan, London. https://doi.org/10.1057/9780230306806_13
Bond-Barnard, T.J., Fletcher, L. and Steyn, H. (2018). "Linking trust and collaboration in project teams to project management success," International Journal of Managing Projects in Business, Vol. 11 No. 2, pp. 432–457. https://doi.org/10.1108/IJMPB-06-2017-0068
Building Control (Environmental Sustainability) Regulations 2008 (2023).
https://sso.agc.gov.sg/SL/BCA1989-S199-2008#pr4-
Caleb, D., Chan, P. C., & Amos, D. (2022). Green finance gap in green buildings: A scoping review and future research needs, Building and Environment, Volume 207, Part A. https://doi.org/10.1016/j.buildenv.2021.108443.
C.C. Ohueri, W.I. Enegbuma, R. Kenley (2018). Energy efficiency practices for Malaysian green office building occupants, Built Environment Project and Asset Management 8(2), 134-146. https://doi.org/10.1108/BEPAM-10-2017-0091.
Chan, Toong & Abdul-Aziz (2020). Construction industry development in Malaysia. https://doi.org/10.1201/9780429322471-10.
Chenet H, Zamarioli L, Kretschmer B, Narvaez R (2019). From transformational climate finance to transforming the financial system for climate.
https://doi.org/10.13140/RG.2.2.17998.00327
Cohen, L., Manion, L., & Morison, K. (2007). Research Methods in Education. (6th ed.). London: Routledge.
COP-28: United Nations Climate Conference (n.d.). https://unfccc.int/
Ha, C. Y. T. J. . Khoo, & Z. Y. Koo (2023). “Current status of green building development in Malaysia,” Prog. Energy Environ., vol. 25, pp. 1–9, Aug. https://orcid.org/0000-0003-3234-0571
Díaz-Iglesias, Susana & González, Alicia & Cruz, Ma. (2021). Theoretical Framework for Sustainability, Corporate Social Responsibility and Change Management. Journal of Sustainability Science. https://doi.org/10.46754/jssm.2021.08.025.
Dörnyei, Z. (2007). Research Methods in Applied Linguistics: Quantitative Qualitative, and Mixed Methodologies. Oxford: Oxford University Press.
Drobetz, W., Merikas, A., Merika, A., & Tsionas, M.G. (2014). “Corporate social responsibility disclosure: The case of international shipping,” Transportation Research Part E: Logistics and Transportation Review, Vol.71, pp.18-44.
https://doi.org/10.1016/j.tre.2014.08.006.
Economic Planning Unit, Prime Minister’s Department (2022). The Malaysian Economy in Figures 2022. https://www.ekonomi.gov.my/ms
E., Diego G. (2018). Kuala Lumpur; brief insight into its history and urban development.
Eyiah-Botwe, E. & Aigbavboa, C. & Thwala, W. (2016). Critical Success Factors for Enhanced Stakeholder Management in Ghana. Socioeconomic.
https://doi.org/10.12803/SJSECO.51001.
Ghauri, P., & Grønhaug, K. (2010). Research methods in business studies (4th ed.). London, England: Financial Times Prentice Hall.
Green Building Index (n.d.). https://www.greenbuildingindex.org/
Green Real Estate (n.d.). https://www.greenre.org/index
Han, H., Yu, J., & Kim, W. (2019). Environmental corporate social responsibility and the strategy to boost the airline’s image and customer loyalty intentions. J. Travel Tour. Mark. 36, 371–383. https://doi.org/10.1080/10548408.2018.1557580
Hasan, A.M., Poul, H. A., Luitzen, B. Stakeholder collaboration in sustainable neighborhood projects—A review and research agenda, Sustainable Cities and Society, Volume 68, 2021, https://doi.org/102776, ISSN 2210-6707.
Hoffman, A. J., & Henn, R. (2008). Overcoming the Social and Psychological Barriers to Green Building. Organization & Environment, 21(4), 390-419.
https://doi.org/10.1177/1086026608326129
Hwang, B.-G. & Shan, Ming & Tan, E. (2016). Investigating Reworks in Green Building Construction Projects: Magnitude, Influential Factors, and Solutions. International Journal of Environmental Research. 10. 499–510.
Franco, I. B. T. Chatterji, E. Derbyshire, J. Tracey (2020). Actioning the Global Goals for Local Impact: Towards Sustainability Science, Policy, Education and Practice, Science for Sustainable Societies. https://doi.org/10.1007/978-981-32-9927-6
IEA (2023). Tracking Clean Energy Progress 2023, IEA, Paris.
https://www.iea.org/reports/tracking-clean-energy-progress-2023
Ijadi Maghsoodi, A Mosavi, A.; Rabczuk, T.; Zavadskas, E (2018). Renewable energy technology selection problem using integrated h-swara-multimoora approach. https://doi.org/10. 4481. 10.3390/su10124481.
James, W. S. & Caroline, M. S. (2023). IOP Conf. Ser.: Earth Environ. Sci. https://doi.org/10.1088/1755-1315/1169/1/012018
Kostetska, K., Khumarova, N., Umanska, Y., Shmygol, N., & Koval, V. (2020). Institutional qualities of inclusive environmental management in sustainable economic development. Management Systems in Production Engineering.
https://doi.org/10.2478/mspe-2020-0003
Küfeo?lu, S. (2022). SDG-11: Sustainable Cities and Communities. In: Emerging Technologies. Sustainable Development Goals Series. Springer, Cham. https://doi.org/10.1007/978-3-031-07127-0_13
Kum, F. Y & Jun, M. L. (2016). Barriers to the Implementation of Strategic Corporate Social Responsibility in Shipping, The Asian Journal of Shipping and Logistics, Volume 32, Issue 1, Pages 49-57, ISSN 2092-5212, https://doi.org/10.1016/j.ajsl.2016.03.006.
Lam, J.S.L. and Lim, J.M. (2016). “Incorporating corporate social responsibility in strategic planning: the case of ship-operating companies,” International Journal of Shipping and Transport Logistics, Vol.8, No.3, pp.273-293.
https://doi.org/10.1504/IJSTL.2016.076258
Lee, S., Seo, K., & Sharma, A. (2013). Corporate social responsibility and firm performance in the airline industry: the moderating role of oil prices. Tour. Manag. 38, 20–30. doi: 10.1016/j.tourman.2013.02.002
Li, X. Stringer, L.C.; Dallimer, M (2022). The Impacts of Urbanisation and Climate Change on the Urban Thermal Environment in Africa. https://doi.org/10.3390/cli10110164
Matemilola, Saheed, Muraina & Oluwaseun. (2023). Sustainability and Sustainable Development in Real Estate Industry. https://doi.org/10.1007/978-3-030-02006-4_1133-1.
Mohd Isa, Ismail K. (2019). The Execution of the Green Building Project in Klang Valley, Malaysia: A Pilot Study. Pertanika Journal of Science and Technology. https://doi.org/27. 911-919.
Moore, M. (1995). Creating Public Value: Strategic Management in Government. Cambridge, MA: Harvard University Press.
Moore, M. (2013). Recognizing Public Value. Cambridge, MA: Harvard University Press.
Moschetti, R.; Brattebø, H.; Skeie, K.S.& Lien, A.G (2018). Performing quantitative analyses towards sustainable business models in building energy renovation projects: Analytic process and case study. J. Clean. Prod. https://doi.org/10.1016/j.jclepro.2018.06.091
Nguyen, M. (2014). "Green Buildings, Corporate Social Responsibility, and Stock Market Performance". University Honors Theses. https://doi.org/10.15760/honors.29
Nosratabadi S, Mosavi A, Shamshirband S, Kazimieras Zavadskas E, Rakotonirainy A, Chau KW. Sustainable Business Models: A Review. Sustainability. 2019; 11(6):1663. https://doi.org/10.3390/su11061663
O, Weber. (2015). ‘Sustainability Benchmarking of European Banks and Financial Service Organizations’, Corporate Social Responsibility and Environmental Management, vol. 12, pp. 73–87. https://doi.org/10.1002/csr.77
Phillips (2003). Stakeholder theory and organizational ethics: Berrett-Koehler Publishers.
Rajakallio, K.; Ristimäki, M.; Andelin, M.; Junnila, S (2017). Business model renewal in integrated solutions delivery: A network perspective. Int. J. Strateg. Prop. Manag. https://doi.org/10.3846/1648715X.2016.1249533
Rashid, N. R. N. A., Khalid, S. A., & Rahman, N. I. A. (2015). Environmental corporate social responsibility (ECSR): exploring its influence on customer loyalty. Proc. Econ. Finan. 31, 705–713. https://doi.org/10.1016/S2212-5671(15)01159-4
Rebolj, A. Biba. (2013). The case study is a type of qualitative research. Journal of Contemporary Educational Studies. 28–43.
Reed, R.G., Bilos, A., Wilkinson, S.J &Schulte, K.W. (2009). International comparison of sustainable rating tools. https://doi.org/10.1515/9781400827688.1
R Razman, S T Khaw, N I F Md Noh, J L Ng, A Z Abd Wahid & M N Yasin (2023). Readiness of Malaysia's construction industry in adopting green building rating tools, https://doi.org/10.1088/1755-1315/1205/1/012031
Saldaña, J. (2015). The Coding Manual for Qualitative Researchers. Sage Publications.
Selberherr, J (2015). A sustainable life cycle is offered through cooperation. Smart Sustain. We built Environ. https://doi.org/10.1108/SASBE-02-2014-0010
Singapore Building and Construction Authority (n.d.).
https://www1.bca.gov.sg/buildsg/sustainability/green-building-masterplans
Yap, S. K. (2019). Challenges in Adopting Green Technology Building by Contractors in Malaysia, Tunku Abdul Rahman University College. https://eprints.tarc.edu.my/11536/
Algburi, S. M. A. Faieza, B. Baharudin (2016). Review of green building index in Malaysia; existing work and challenges, International Journal of Applied Engineering Research 11, 3160-3167. https://doi.org/10.31142/ijtsrd19117.
Tomasz, J., Elsa, E., & Rehema, B. (2018). Platform governance for sustainable development: Reshaping citizen-administration relationships in the digital age, Government Information Quarterly, Volume 35, Issue 4, Supplement,2018, Pages S1-S16, ISSN 0740-624X, https://doi.org/10.1016/j.giq.2018.09.002.
United Nations (2019). Policy Framework for Sustainable Real Estate Markets. https://doi.org/10.18356/f53aeab6-en
United Nations Industrial Development Organisation (n.d.). https://www.unido.org/our-focus/advancing-economic-competitiveness/competitive-trade-capacities-and-corporate-responsibility/corporate-social-responsibility-market-integration/what-csr.
van Gestel, N., Ferlie, E., & Grotenbreg, S. (2023). A Public Value Strategy for Sustainable Development Goals: Transforming an Existing Organization? British Journal of Management. https://doi.org/10.1111/1467-8551.12742
Walker, Thomas; Goubran, Sherif (2020). Sustainable Real Estate: Transitioning Beyond Cost Savings. https://doi.org/10.1108/S2514-175920200000004008
Wannawit T., & Nattasit C. (2019). An Analysis of Green Building Costs Using a Minimum Cost Concept. Journal of Green Building; 14 (1): 53–78. doi: https://doi.org/10.3992/1943-4618.14.1.53
Wen, S., & Qiang, G. (2022). Managing Stakeholder Concerns in Green Building Projects to Achieve Social Sustainability: A Bayesian-Network Model, Frontiers in Environmental Science. https://doi.org/10.3389/fenvs.2022.874367
Yuan L., Min L., Sang P., Chen P., & Li, C. (2022). Stakeholder studies of green buildings: A literature review, Journal of Building Engineering,
https://doi.org/10.1016/j.jobe.2022.104667.
Zuhairi H., Maria Z., Foo C. H., Mohd Syarizal (2014). Towards A National Green Building Rating System for Malaysia.

Nasruddin, E., & Kiat, C. C. (2024). Klang Valley Property Development and Construction Industry: A Case Study of Public Value Creation. International Journal of Academic Research in Business and Social Sciences, 14(11), 145–167.