The Research On Risk Management Of Nantong YR Square Construction Project

Since the early 1980s, our national economy has been developing rapidly, which promotes the progress of urbanization. Currently, the real estate industry has become an important part of the national economy and gradually one of our pillar industries. It is well known that the real estate industry, which makes very high profits, requires large investments and long construction periods and is obviously influenced by national policies, social environment and economic factors, leading to many unpredictable risks.In recent years, the commercial real estate has become a fast-developing branch of the real estate industry. As a comprehensive real estate combing shopping, catering, relaxation, entertainment, offices and residences, the commercial real estate will improve people’s standard of living and quality of life and promote further boom of local economies and social development and progress.As a more professional, comprehensive and technical investment, the commercial real estate unavoidably involves more unpredictable risks. In this thesis, the author studies the construction project of Nantong YR Square. With huge investment, the project centers on commerce and will be a comprehensive square combining fashionable shopping centers, advanced office buildings, boutique hotels and residences and other functions. When it is established, Nantong YR Square will be the most representative urban complex in Nantong, covering all aspects such as shopping, culture, relaxation, entertainment and residence and closely connected with the life of citizens.In this thesis, the author investigates the real estate project of Nantong YR Square according to the risk management process of risk identification, risk assessment, and risk control, identifying key risk elements and tentatively analyzing the causes of risks. On this basis, the author conducts the risk assessment of the project respectively in the investment decision-making phase, the preliminary phase, the construction phase and the sale and lease phase, reasonably assessing risks, determining the grades of key risks and then putting forward countermeasures according to the potential major risks in each phase in order to provide project managers with decision bases. The achievements of the study in this thesis are of certain instructive and reference value to the risk management of domestic real estate projects.