Designing Transparent Real Estate Open Data Systems: Sydney, Dubai and London

Open Cities/Open Data: Collaborative Cities in the Information Era, Editors Hawken, S., Han, H. and C. Pettit. Melbourne, Palgrave Macmillan, 2018, Forthcoming

8 Pages Posted: 8 Feb 2018 Last revised: 13 Jun 2018

See all articles by Hoon Han

Hoon Han

University of New South Wales (UNSW)

Simon Huston

Coventry University; Chartered Institute of Management Accountants (CIMA)

Ye Shi

University of New South Wales (UNSW)

Date Written: January 22, 2018

Abstract

The role of Real Estate Open Data Systems (‘RE-ODS’) is investigated by identifying and reflecting on the real estate backdrop, transparency initiatives and issues in Sydney, London and Dubai. Significant capital flows into these iconic cities has stimulated their housing markets and accentuated their position as global trade, tourism, financial and logistics hubs. However, rapid urban intensification has accentuated housing affordability pressures. The chapter reflects on the extent to which real estate systems in these three metropoli substantively address their respective real estate challenges. It found, first, that the RE-ODS needs to interact with other Spatial Administrative Systems. Second, to attenuate information asymmetry, the RE-ODS needs wide public engagement. Finally, an evolving RE-ODS is underpinned by capable institutions, professional meta-cognition, collaboration and policy learning

Keywords: Smart cities, Open Data, Transparent City, Residential Valuation System, Market Value, Information Systems, Capabilities

Suggested Citation

Han, Hoon and Huston, Simon and Shi, Ye, Designing Transparent Real Estate Open Data Systems: Sydney, Dubai and London (January 22, 2018). Open Cities/Open Data: Collaborative Cities in the Information Era, Editors Hawken, S., Han, H. and C. Pettit. Melbourne, Palgrave Macmillan, 2018, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3113463 or http://dx.doi.org/10.2139/ssrn.3113463

Hoon Han

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

Simon Huston (Contact Author)

Coventry University ( email )

William Morris Building
Coventry, CV1 5FB
United Kingdom

HOME PAGE: http://https://www.coventry.ac.uk/

Chartered Institute of Management Accountants (CIMA) ( email )

26 Chapter Street
London, SW1P 4NP
United Kingdom

HOME PAGE: http://https://www.cimaglobal.com/

Ye Shi

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

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