Solutions to improve land acquisition process.

Abstract

Real estate is the one of the asset that people need. Real estate development can impact the economic system to generate a huge of employment. Land acquisition is one of initial stage, which enable the activities of trading and hiring, but land sourcing is take a lot of time and effort. The agent becomes an important role to assist the developer to match the land which they required. Even developer find the land and landowners would like to sell, there are some obstacle that leads the dealing to fail. The author develops the conceptual framework to find out what is the problem and challenge in the land acquisition process. The research will be conducted by qualitative methodology with a sample group in Thailand The outcome of this study shows that there are many unprofessional agents involved in the process, landowner set overprice with lack of understanding the potential of that raw land, but the developers must manage their risk by buying as fast as they can if that land matches their criteria, and other issues and challenge can be found in this research. The author gives the recommendation and propose the solutions to accelerate the process and assist the developer to make decision faster by providing the complete information and analysis with the developer centric approach.