Comparison of Real Estate Management System in China and Poland

Gross, Marta; Lin, Chao

doi:10.2478/remav-2020-0002

Cited by 5 publications

(2 citation statements)

References 6 publications

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“…The impact of COVID-19 on real estate market development projects was also felt, and the impact of COVID-19 on real estate market development projects has undoubtedly changed as a result of the virus's spread. The Chinese real estate business has risen to the challenge of becoming a virtual platform (Gross & Lin, 2020). During the COVID-19 period, the market value of real estate rose (Sanchaniya, 2021).…”

Section: Pandemic Risk and Its Impact On Real Estate Developmentmentioning

confidence: 99%

Approach to Prioritizing the Commercial Real Estate Development Risk

Thilini

Wikcramaarachchi

Anuradha

2021

INTREST

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After 30 years of war in Sri Lanka, the demand for real estate has increased tremendously across the nation. Similarly, numerous real estate sub-sectors have avidly participated in the worldwide boom. However, with failures and poor functioning of many investment projects, the industry's risk management reputation has been put in jeopardy, followed by the coronavirus (COVID-19). Though it is less popular among Sri Lankan property developers, risk management strategies in development projects have become a pressing requirement. This paper's goal is to look at commercial property development risk elements from the perspective of a real estate developer in relation to Social, Economic, Environmental, Technological, Political, and Pandemic Risks. The research first evaluates risk variables using a super decision software model based on the Analytic Hierarchy Process (AHP), then prioritizes the most important risk factors, and lastly examines effective risk management measures for successful real estate developments. The data collection has been carried out using interviews through telephone conversations with the help of a structured questionnaire. Accordingly, 35 risk factors have been assessed altogether. For the three projects, the synthesized values were 1.0000, 0.510763, and 0.604037, respectively. Based on the analysis of superMatrix calculation, project A is regarded as the best alternative project in such circumstances. Pandemic Risk, Economic Risk, and Political Risk have all had a significant impact on the primary risk criteria. Therefore, COVID-19 Pandemic Risk Emergence, Workforce Availability, Duration, Delays in Council Approval/License Approval Process and Natural Disaster Impact were identified as the highest influenced sub-risk factors. Identifying the risk factors on this avenue will also help in making better investment decisions while increasing the unpredictable nature of the real estate field and future satisfaction of loan team investment goals within the country.

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Section: Pandemic Risk and Its Impact On Real Estate Developmentmentioning

confidence: 99%

Approach to Prioritizing the Commercial Real Estate Development Risk

Thilini

Wikcramaarachchi

Anuradha

2021

INTREST

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“…The Chinese market has accepted the challenge of transferring the real estate market to the virtual world (Gross, & Lin, 2020). Numerous applications show real estate with adequate description and search functions with simple selection criteria, such as location, price and unit type, realistic virtual experiences.…”

Section: Real Estate Market Development Project In Chinamentioning

confidence: 99%

The Impact of Covid-19 Pandemic on the Real Estate Market Development Projects

Jovanović-Milenković¹,

Đurković²,

Vučetić³

et al. 2020

European Project Management Journal

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During the Covid-19 pandemic, there were changes in the way businesses operate around the world. Market participants have focused their business on business by applying egovernment services. The impact of Covid-19 was also felt in the real estate market development projects. The paper gives a parallel overview of the real estate market in China, the USA and Europe. An overview of data from the real estate market in Serbia is given on the basis of data from the Republic Geodetic Authority. Regardless of the fact that the virus pandemic appeared in different time periods in the world, it can be concluded that the indicators of changes in the real estate market indicate the same trend of the behaviour of the indicators.

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Estimating financial information asymmetry in real estate transactions in China - An application of two-tier frontier model

Zhang

Chou

2022

Information Processing & Management

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Comparison of Real Estate Management System in China and Poland

Cited by 5 publications

References 6 publications

Approach to Prioritizing the Commercial Real Estate Development Risk

Approach to Prioritizing the Commercial Real Estate Development Risk

The Impact of Covid-19 Pandemic on the Real Estate Market Development Projects

Estimating financial information asymmetry in real estate transactions in China - An application of two-tier frontier model

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