Title : Corporate Property Asset Strategy of Public Sector : Unleashing the
Tangible and Intangible Benefits
Corporate Public Property Assets (CPPA) constitute all government property
ownership viz. land and buildings in use to provide service delivery to the public
accordingly. Decisions of CPPA include site selection, building and facility
design and space utilisation, inevitably affect government’s operations and future
operation expenditure. Major cuts in budget allocation by the government calls for
the government agencies (GA) to initiate revenue generation to cover operational
expenses. At the same time, being required to provide the most suitable property
assets in support of core service delivery requirements. The fundamental issue in
effective CPPA strategy is lacking of knowledge of how the CPPA function is
addressed in the GA community to assess the relative CPPA performance in
supporting the agency’s performance. This paper unleashes the tangible and
intangible benefits of CPPA to the GA in supporting the highest quality of service
delivery to the public. Four main components of CPPA strategy are strategic
thinking, sophistication of implementation, performance evaluation and reporting
prepared for continuous improvement. CPPA strategy must be systematically
addressed and implemented in realizing income optimization, cost savings and
better value.
