Duration: 25 September 2014 – 4th August 2016
Staff Involved: Dr Lay Cheng (Jasmine) Lim, Dr Lesley Hemphill
This report focused specifically on the residential market considering the IPMS Residential standard (published in September 2016). In particular, it focused on the residential apartment market as this is where the majority of investment activity takes places, but where relevant parallels were drawn with residential single dwellings. It identified the measurement practice in a selection of 10 countries which represent each of the main global regions (namely - Americas, Asia/Middle East, Europe – Mainland, Europe – UK and Oceania). The research initially provided a strategic overview to the current measurement standards used across the global regions. In particular, the research investigated how these standards influenced local measurement practice and reporting within the global regions. Furthermore, an attempt was made to determine the extent of measurement variation within the local residential markets and how this differed depending on property type (e.g. detached dwelling or apartments).
The research fulfilled three key objectives which are as follows:
- To investigate the regulatory environment governing the measurement of residential buildings across world regions
- To identify and evaluate the divergence in residential measurement practice across world regions
- To quantify the extent of residential measurement variance and the typical inclusion/exclusion inconsistencies evident across world regions.