The Study On Risk Management Of Real Estate Project "Dongchengshuian"

Dongguan is a famous world factory, which is located in the middle south of Guangdong Province, “Dongchengshuian” of Pearl River estuary and at the Pearl River Delta of Dongjiang River. There was a very popular joke: “If Dongguan is in a traffic jam, the world will be out of stock.” In recent years, the residential market in Dongguan has been booming and rising steadily. However, although it seems to be a steady development, there are still some risks due to the blind investment and bubbles accumulation.In this thesis, the ““Dongchengshuian”” real estate project in Dongguan is taken as a case for research. On the basis of risk management theory, the thesis has refined the project development risk management experienced in the work for these years. The main body of this thesis is divided into six parts. Part One is introduction, which mainly introduces the object, significance, research theme as well as research methods. Part Two introduces some basic concepts involved in this thesis and the main framework. Part Three, Four and Five are still concerned about the theories, which refines and complements the framework mentioned in Chapter Two. Part Three focuses on the specific methods of real estate project development risk identification as well as various risks existing in all stages of real estate development project; followed by Chapter Three, Part Four mainly estimates the approximate probability of the identified specific risks as well as the loss will be brought into the enterprise; Part Five focuses on the establishment of corresponding risk management system and preventive measures, making response plans in advance on the events that may cause loss and proposing concrete methods to prevent further loss after the events. Part Six at last is the introduction of cases as well as the application of risk management theory in the whole project development process.The main conclusion of this thesis is that although the residential market in Dongguan has been relatively smooth, especially since the beginning of the end of 2015, and even entering a new golden age, the economic law keeps on operating normally. The temporary popularity can not cover the bubble accumulations or risks running separated from the law of value. Perfecting the risk management of real estate project development is the issue that must be seriously considered by modern real estate developers.