Decision Risk Assessment Research Of Community Pension Real Estate Development Project Based On Extension Method

Pension real estate is an emerging markets area subdivided by real estate. Along with the population ages, the increasing demand for market-oriented pension, the rise of community pension mode, and transformation of Chinese pension residential from welfare to the market and other bullish for markets, major real estate developers have a high-profile announcement to enter the pension real estate. But compared to the general real estate, pension real estate development needs more capital, longer chain. what’s more, the interest relationship is more complicated and adequate preparations is not well in the theory, policy, system, mechanism, the market and other aspects,which causes that real estate developers is bound to face a huge risk decisions in the development of pension real estate projects.China is currently in the transition from the second stage of mainly institutional pension to the third stage of the community endowment. Through the integration of individual families, residential communities, facilities and other resources, pension estate of community endowment modes make the elderly "home episode" continue. Undoubtedly, this type of pension real estate development will be an important direction for the real estate business to enter the pension market. Taking the embedded residential community pension real estate as the research object, in terms of the suitable operating mode, the operational difficulties and other problems faced by pension estate and their specificity, the decision risk factors faced by developers were analyzed. And on the basis of a large number of relevant literature and expert consultation and field survey, the evaluation index system of the key risk factors of community pension real estate project development was built. Then the extension method was applied to the pension real estate projects, and a comprehensive assessment model of its risk evaluation parameters was established. What’s more, It analyzes an actual project by using the model. Finally, according to the result of risk assessment, some risk control suggestions for developer were put forward.Based on the particularities of the embedded residential community pension real estate, a set of key Decision risk evaluation index system is provided for developers and extension method is applied to its decision risk assessment, which helps developers understand the development environment and conditions of community pension real estate correctly and provides references for its investment decisions and protection for its realization of the economic benefits.