Research On Investment Decisions Of Real Estate Development Project

As reform and opening-up has gone deep constantly, the real estate in China has achieved outstanding success, become a critical role in the development of Chinese economy, and has a prominent position in country economy. Nowadays, the development of China real estate industry is falling after rise. It is important for developers to choose projects with promising prospects. So, how to constructing index system and method for investment decisions of real estate development project is significant.Firstly, the paper introduces the research background, the purpose and significance. Secondly, this paper defines concept of the real estate, and project and real estate development project. This paper explains concept and content of the real estate development project, obtains program of the real estate development project. Thirdly, this paper clears index system’s principles and methods of the real estate development project. From area familiar with degrees, enterprise scale, management risk index and investment cost, this paper constructs the index system of the real estate investment decisions and uses the analytical hierarchy process to determine the index weight. And this paper introduces the principle and process of VIKOR decision-making method. Finally, this paper uses examples to detail the real estate investment decision-making process which method based on VIKOR algorithm, and the decision results are analyzed, thus to discover VIKOR have the advantages of compromising consider to maximize efficiency and minimize community opposition, it is a compromise of multiple attribute decision making.