TY - JOUR
T1 - Competitiveness factors
T2 - A study of the real estate market in China
AU - Li, Heng
AU - Li, Vera
AU - Skitmore, Martin
AU - Wong, Johnny Kwok Wai
AU - Cheng, Eddie W.L.
PY - 2009
Y1 - 2009
N2 - The execution of 'macro-adjustment' policies by the central government to cool down the overheated real estate market in the past few years has created an unfavourable operating environment for real estate developers in Mainland China. Developers need to rethink their business model and create a new form of competitive advantage in order to survive. Despite this, research into the factors that influence the competitiveness of the real estate market in China has been limited. Therefore, a survey of 58 real estate practitioners, experts and academics in China was conducted to probe opinion on the factors that influence competitiveness in real estate firms in China. Survey results suggest that the developer's financial competency, market coverage and management competencies are vital to its competitiveness. Findings also highlight the importance of industry recognition/award, share in different types of property sales/development projects, profit after tax, growth rate of their securities price, and diversification of R&D in reflecting the competitiveness of real estate developers in China. The findings provide an insight into the factors that influence competitiveness in China's real estate market and also assist practitioners to formulate competitiveness improvement strategies.
AB - The execution of 'macro-adjustment' policies by the central government to cool down the overheated real estate market in the past few years has created an unfavourable operating environment for real estate developers in Mainland China. Developers need to rethink their business model and create a new form of competitive advantage in order to survive. Despite this, research into the factors that influence the competitiveness of the real estate market in China has been limited. Therefore, a survey of 58 real estate practitioners, experts and academics in China was conducted to probe opinion on the factors that influence competitiveness in real estate firms in China. Survey results suggest that the developer's financial competency, market coverage and management competencies are vital to its competitiveness. Findings also highlight the importance of industry recognition/award, share in different types of property sales/development projects, profit after tax, growth rate of their securities price, and diversification of R&D in reflecting the competitiveness of real estate developers in China. The findings provide an insight into the factors that influence competitiveness in China's real estate market and also assist practitioners to formulate competitiveness improvement strategies.
KW - China
KW - Competitiveness
KW - Developer
KW - Real estate market
UR - https://www.scopus.com/pages/publications/68049128350
U2 - 10.1080/01446190903005865
DO - 10.1080/01446190903005865
M3 - 文章
AN - SCOPUS:68049128350
SN - 0144-6193
VL - 27
SP - 567
EP - 579
JO - Construction Management and Economics
JF - Construction Management and Economics
IS - 6
ER -