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In recent years the rapidly growing Chinese real estate market has attracted the attention of investors from all over the world. Foreign investments in China, however, could be risky and difficult to be undertaken. This study investigates the opportunities and barriers that foreign real estate developers may experience in China. First, the features and the governmental role in the local real estate market are introduced. Next, the typical activities of a real estate investment are analyzed. Two US and Chinese cases are presented and compared. Lastly, opportunities and barriers to foreign investors are introduced and discussed. The study, in addition, contains some recommendations that are drawn from past successful foreign real estate investments.

by Kwok May Ling Anita. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 101-105). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.vi / LIST OF TABLES --- p.vii / CHATPER / Chapter I --- INTRODUCTION --- p.1 / Chapter II --- AN OVERVIEW OF THE REAL ESTATE INDUSTRY IN HONG KONG --- p.4 / A Former British Colony --- p.4 / "An Open, Free Market Economy" --- p.5 / Real Estate Development in Hong Kong --- p.5 / Land Supply --- p.6 / Government Stance --- p.8 / Property Prices --- p.9 / The Hong Kong Miracle --- p.11 / Changes in the Employment Structure --- p.11 / Hong Kong as a Servicing Center --- p.12 / Hong Kong as a Tourist Attraction --- p.13 / Property Tycoons --- p.13 / The Importance of Real Estate to the Economy --- p.14 / Chapter III --- AN OVERVIEW OF THE PRC ECONOMY --- p.17 / Open Door Policy --- p.17 / A Socialist Economy with Chinese Characteristics --- p.17 / Austerity Programme --- p.18 / Unification of the Renminbi Exchange Rate System --- p.18 / Future Development --- p.19 / Some Economic Indicators --- p.21 / Chapter IV --- AN OVERVIEW OF THE PRC REAL ESTATE BUSINESS --- p.25 / Policies Laying Down the Foundation of Real Estate / Development in China --- p.26 / Paid Use of State Land --- p.26 / Recognition of Houses as Commodities --- p.26 / Comprehensive Development Programs --- p.27 / Open Door Policy --- p.27 / Structure of the China's Real Estate Market --- p.27 / Primary Real Estate Market --- p.28 / Secondary Real Estate Market --- p.28 / Tertiary Real Estate Market --- p.29 / Commodity Housing --- p.30 / Internal Commodity Housing --- p.31 / Foreign Chinese Exchange Commodity Housing --- p.31 / External Commodity Housing --- p.31 / Stages of Development in the Real Estate Market --- p.31 / First Stage of Development - Introduction --- p.32 / Second Stage of Development - Rapid Growth --- p.35 / Third Stage of Development - Consolidation --- p.33 / Forth Stage of Development 一 Steady Growth --- p.34 / The Ninth Five-Year Plan (1996-2000) --- p.34 / Chapter V --- A COMPARISON BETWEEN THE REAL ESTATE MARKET IN HONG KONG AND CHINA --- p.37 / Land Supply --- p.37 / Property Prices --- p.38 / The Property Market Evolution --- p.39 / The Learning Process --- p.44 / Lack of a Secondary/tertiary Market --- p.45 / Legislation --- p.45 / Chapter VI --- THE CONSTRUCTION PROCESS --- p.47 / Role of a Developer --- p.47 / Property Development by Foreign Investors --- p.47 / Legal Aspects --- p.47 / A Typical Commercial Arrangement --- p.48 / Characteristics of Overseas Chinese --- p.49 / A Quick SWOT Analysis of the Overseas Chinese --- p.51 / Strengths --- p.52 / Weaknesses --- p.53 / Opportunities --- p.55 / Threats --- p.55 / Construction Costs --- p.56 / Chapter VII --- RISK ANALYSIS --- p.58 / Property Development Risks --- p.58 / Property Investment Risks --- p.59 / Operational/construction Risks --- p.60 / Availability of Financing --- p.60 / Illiquidity of Property Investments --- p.62 / Joint Venture Arrangements --- p.63 / Competition --- p.63 / Forfeiture of Land --- p.64 / Property Rights --- p.64 / Economic Risks --- p.65 / Current Dilemma --- p.65 / Oversupply --- p.66 / Substandard/inconsistent Market Behavior --- p.68 / Foreign Cash Sought to Fund Huge Infrastructure Projects --- p.69 / Asia's Currency Turmoil --- p.70 / Devaluation of Renminbi --- p.72 / Current Government Stance --- p.73 / Chapter VIII --- STRATEGIES / Functional Level Strategy --- p.76 / Preparation --- p.77 / Purchasing Land --- p.79 / Management --- p.80 / Contracting --- p.82 / Quality Control --- p.83 / Marketing --- p.85 / Financing --- p.87 / Business Level Strategy --- p.89 / Geographical Markets --- p.89 / Governmental Low-Pricing Housing Schemes --- p.90 / Target Customers --- p.91 / Service Apartment --- p.91 / Diversified Usage --- p.92 / Architecture --- p.93 / Ecology --- p.93 / Coordination between Business Strategies and Functional Strategies --- p.94 / Corporate Strategy --- p.95 / Commercial Property Management --- p.95 / Trading of Building Materials and Equipment --- p.96 / Strengthen the Strategic Relationship with Local Partners --- p.97 / Strategic Alliance with State-owned Enterprises --- p.97 / Chapter IX --- CONCLUSION --- p.99 / BIBLIOGRAPHY --- p.101 / INTERVIEWS --- p.104

Thesis (B.Sc)--University of Hong Kong, 2004. / Includes bibliographical references (p. 102-115)

Thesis (B.Sc)--University of Hong Kong, 2005. / Includes bibliographical references (p. 176-179)

Thesis (B.Sc)--University of Hong Kong, 2006. / Includes bibliographical references (p. 107-110)

Thesis (Ph. D.)--Ohio State University, 1983. / Includes vita Includes bibliographical references (leaves 160-162). Available online via OhioLINK's ETD Center.

In this research, Sweden’s municipalities are categorized into five economic regions which put emphasis on location. Furthermore, since house prices reflect and are reflected by the existing cycles in the economy, four time periods are considered. By using extensive data collected by Sweden Statistics (SCB), this study tests eight variables factors to be used in a cross-section analysis which will help researchers understand which factors are consistent in explaining the formation of house prices in terms of location and time. The conclusion that can be drawn is that no factor can fully explain house prices at a national level and that the Population variable was consistent in regional changes and Employment was consistent in time changes. This has lead to a greater understanding of the field of regional house prices in order for it to contribute to real estate investments or purchases. / Master thesis in Economics

<p>In this research, Sweden’s municipalities are categorized into five economic regions which put emphasis on location. Furthermore, since house prices reflect and are reflected by the existing cycles in the economy, four time periods are considered. By using extensive data collected by Sweden Statistics (SCB), this study tests eight variables factors to be used in a cross-section analysis which will help researchers understand which factors are consistent in explaining the formation of house prices in terms of location and time. The conclusion that can be drawn is that no factor can fully explain house prices at a national level and that the Population variable was consistent in regional changes and Employment was consistent in time changes. This has lead to a greater understanding of the field of regional house prices in order for it to contribute to real estate investments or purchases.</p> / Master thesis in Economics

Thesis (M. Hous. Man.)--University of Hong Kong, 2009. / Includes bibliographical references (p. 109-110).