Research On Risk Evaluation System For China Railway Construction Real Estate Developent Project

Real estate industry have the following characteristics：strong policy implications,fund demand for larger, longer construction period, changes in the market。Itsdevelopment is restricted by many factors，such as socio-political economic, cultural,technical and so on。Therefore, the real estate industry has a great deal of uncertainty,facing a lot of risk. The development business of China railway construction realestate has reached a medium scale level，but China railway construction real estate isstill faced with the following question: in the real estate sector, resources,development and management level of real estate companies remains uneven,complementary and synergetic overall development pattern is yet to be established;Development depth and contribution of the real estate business city remain uneven,project management capacity remains uneven; real estate production imbalances stillexist, land acquisition, project development, product sales and development capitalstill has some fluctuation; in addition, the national policy environment and marketuncertainty in the real estate industry,and enterprise Management will be importantfactors of restricting the sustainable and healthy development of enterprises.Based on a lot of relevant literature reading, this study identifys the strategiesrisks, decision making risks, operational risks and management risks of China railwayconstruction real estate, found21subdivisions indicators, building the risk evaluationsystem of China railway construction real estate development project, and usinganalytical hierarchy process (AHP) to determine the weight of index system, therebyestablishing the model of fuzzy comprehensive evaluation. Finally, we conducted anempirical study for25projects of China railway construction real estate, comparativeresearching the real estate risk of first-tier cities and second-tier cities. Results showthat both the risk levels of first-tier cities and second-tier cities of China railwayconstruction real estate are higher risk; the most important risks of China railwayconstruction real estate development projects in first-tier cities are market risks, policyrisks and project acquisition risks; the most important risks of China railwayconstruction real estate development projects second-tier cities are policy risks anddevelopment process decision risk. Finally, the study puts forward the risk preventionand avoid advice of China railway construction real estate.