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Competitiveness factors : a study of the real estate market in China

Li, Heng, Li, Vera, Skitmore, Martin, Wong, Johnny Kwok Wai, & Cheng, Eddie W. L. (2009) Competitiveness factors : a study of the real estate market in China. Construction Management and Economics, 27(6), pp. 567-579.

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Abstract

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 actitioners, 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 ecognition/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.

Impact and interest:

6 citations in Scopus
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ID Code: 29464
Item Type: Journal Article
Keywords: Competitiveness, real estate market, developer, China
DOI: 10.1080/01446190903005865
ISSN: 1466-433X
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2009 Taylor & Francis
Copyright Statement: This is an electronic version of an article published in: Li, H., Li, V., Skitmore, M., Wong, J. & Cheng, E. W. L. (2009). Competitiveness factors: a study of the real estate market in China. Construction Management and Economics, 27(6), 567-579. doi:10.1080/01446190903005865. "Construction Management and Economics" is available online at informaworldTM
Deposited On: 04 Jan 2010 14:37
Last Modified: 29 Feb 2012 23:58

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