This study was intended to assist in performing a role as an assister able to succeed in the project by providing the Korean developer intended to progress the real estate development project in China with the knowledge that should be acquired by prog...
This study was intended to assist in performing a role as an assister able to succeed in the project by providing the Korean developer intended to progress the real estate development project in China with the knowledge that should be acquired by progressing the development project.
Korean developers come to feel that the real estate development project in China is truly different from that in Korea soon if they come to take the first step for real estate development in China. First of all, the concept of real estate itself is greatly different. The concept of the right of using, not the right of ownership, and the like is strange to Korean developers. And this strangeness adds to depth further. This strange feeling would be the concept that suddenly occurred some day, and it is thought to be related to changes in the Chinese real estate system for a long time. Accordingly, this study attempted to investigate the evolutionary process of the Chinese real estate system underlying the real estate development project, the public-property land ownership right in China and the process of real estate development permission in China.
Next, it sought to investigate the present situation of the land and housing market in China, the present situation of investment in China by foreign capital, the current problem of the Chinese real estate market, the limit of making inroads into the Chinese market by foreign real estate developers and the like.
Finally, feasibility study in domestic real estate development is a difficult task to an extent that it is the job of the specialist. But if someone belongs to the feasibility study team of a certain development firm or otherwise frequently comes to look into the report, he come to know it though he may not have a considerable practical ability. An attempt was made to conduct feasibility study under the assumption that the real estate development project is conducted for the developable object of one area in China in this intent. This study sought to investigate the matters helpful prior to entering feasibility study concretely, such as the future prospect of real estate in the 2nd-class Chinese cities, the size of real estate transactions in Simyang City, the case of investment in real estate in China by Korean investors, and the movement of their entry, the present situation of lease and sale of real estate near the project site. And it sought to investigate the present situation of the related land, the overview of the product, the condition for land development and the like in feasibility study. And it presented the selling price, sale rate and the period of sale, construction cost, other indirect costs, future estimated loss and profit, sensibility analysis, future cash flow and the like and the presence or absence of feasibility.