A real estate investment decisions is very sensitive to the changing environment of the real estate market. It is true that the success of such a project often depends on it, involving some risk, speculation, or unplanned and disorderly development le...
A real estate investment decisions is very sensitive to the changing environment of the real estate market. It is true that the success of such a project often depends on it, involving some risk, speculation, or unplanned and disorderly development leading to environmental deterioration.
The changing environment of the real estate market can greatly influence the real estate development project. For this reason it becomes necessary to effectively manage the risk involved in the process of the real estate development beginning from the preparatory stage to the maturity stage of producing real estate revenues derived from the completed project, in order to achieve the management rationalization of the development project, in order to achieve the management rationalization of the development project while actively coping with the changing environment.
For this purpose credibility of real estate information that may happen in the course of real estate development were analyzed through the analysis of the overall problems of the real estate development project.
This study discussed the ways of making a real estate development project a success by finding out the factors that should be intensively reviewed to manage the risk involved in the development project.
A real estate developers is basically a professional who carries out the development at a profit, but if they make an effort to achieve the management rationalization of the real estate development project by foreseeing the future and going through the process of revising and complementing the project according to the changing real estate market environment, they will be able to contribute to the growth of society.
This study also suggested that although various studies were carried out for the effective promotion of the real estate development with supplementary measures complementing the existing systems, all of such attempts were based on normative and fragmentary analysis, and therefore unable to deal with the essence of the problems in a thorough and detailed manner touching the matter with a short-sighted way of thinking.
Besides, there were no systematic and theoretical research available in the field of risk management for real estate development except for those attempts made by the developers for carrying out the development project by finger counting based on their own experience. Therefore, centered around the understanding of the results of the studies hitherto made and problem situation which was not at all systematic.
However, this study were unable to develop discussions in an objective and logical way, although there can be a great deal of controversy according to the interest of the individual developer, as the scope of real estate development is wide and varied.
And suggestions had to be listed, as the study dealt whit too diverse a topic, leaving room for an in-depth study on each area of this subject.