Empirical Study Of Real Estate Investment Project Decision

2000-12in2011years, China’s GDP increased from2000,8.9404trillion yuan in2011to47.1564trillion yuan, increased by4.27times, real estate investment has soared to7.5685trillion yuan from490.2billion yuan, increased by14.44times. The rapid development of realestate industry, has become a pillar industry of our country, is the main source of nationaleconomy, in the real estate investment of for-profit, with minimal risk, minimumconsumption to obtain the biggest benefit and the best economic benefit is the ultimate goal.So a project investment decision-making is correct, a direct impact on the fate of theenterprise in the future.In order to be able to meet the development of the society, we should use the scientific,reasonable and objective theory and practical experience, the development of fast andefficient. But at the same time, real estate construction cycle is long, high technicalrequirements, the more uncertain factors, so to policy makers to conduct a comprehensiveobjective evaluation and analysis before investment, avoid subjective judgment.This article first introduces the development of the real estate industry background,secondly, according to a large number of Chinese and foreign literature research shows thatthe present situation of the real estate industry, the lack of research on investmentdecision-making, only rely on past experience for investment, too subjective one-sided,increase the investment risk. Thus lead to below for the full range of real estate industry, thefurther system research, mainly to the investment decision and its related problems do asimple statement, including the concept of investment decision, content and procedures,influencing factors, based on the related concepts, which leads to the investment decision ofstandards, including net present value, investment income, etc., and then according to thesestandards, methods of investment decision and investment risk analysis of project. Then a T,M project as an example for empirical study, through to the T, M series of analysis andcalculation of the project, make investment decisions. Finally through the analysis of theoryand examples and discussion, it is concluded that developers feasible Suggestions on how todecision making and risk aversion.