Suzhou Xx Real Estate Project Risk Management

The characteristics of real estate project are capital-demanding, construction time consuming, multi-field involving and having many shareholders. It is vulnerable to national policies and local government restrictions. Currently, with uncertainty in the world economy and the introduction of a variety of real estate control measures, China's economy may be entering a situation of deflation. As a huge-profit industry, after 10 years' smooth sailing, Chinese real estate industry has a little study on risk management. However, with the deterioration of economic and political environment, real estate companies will urgently need a wild risk management toward projects. This demand requires the support of theoretical research of real estate risk management.This paper first analyzes the real estate market environment in China, and then reviews project risk management theories combined with the development of Suzhou XX real estate project; the paper puts forward that real estate companies should adopt a wild risk management to prevent or reduce risk. Under the theoretical framework of a wild risk management, in accordance with the natural development cycle of real estate projects, the paper argues that identification, assessment, response and monitoring of risk factors should be carried out in all the four stages of real estate project development. This paper summarizes the different characteristics and risk factors of each stage during real estate project development, proposes the flexible use of risk identification, assessment, response and monitoring technology should be based on the characteristics of projects in various stages.This paper, in accordance with the laws of case study, studies the risk management theories and Suzhou XX real estate project and obtains following important conclusions: first, the establishment of a wild risk management system; second, preparation of a risk management plan; third, strengthening study on the real estate project risk; fourth, study stakeholders carefully; fifth, the establishment of risk management performance evaluation system; sixth, strengthening of risk management training.