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HOW TO MANAGE PROJECT RISK OF REAL ESTATE INVESTMENT IN MAINLAND CHINA: THE CASE OF WHEELOCK PROPERTIES LIMITED
CHAPTER 1
INTRODUCTION
1.1 Introduction of the Chapter
 This chapter will present and tackle about what to expect from this research. It will discuss about the background information about the selected topic or subject, which show the vital issues and problems which drive or motivate the author to study about it. In addition, it also describe the chosen case or company for this paper, together with the different research problems, aims, objectives and questions that will be answered and explained in the latter part of this thesis.
1.2 Background
  China is considered as the fastest growing economy in the world today, as a matter of fact, the Chinese economy had been able to outperform most of the developed economies over the past years. This is primarily because of the materialization of the real estate market. From 1990 to 2005, China recorded an average GDP growth of 9.7%, closing huge gap from the growth rates of other developed countries. The progress of urbanization of China is considered as both motivating factor behind and an outcome of the fast growth and improvement of the economy of the country (Zhida & Chengmao 2002).
 For more than 10 years, the population in the urban areas has improved and increased by 21 million per year, which shows an average yearly rate of 4.8%. By 2005, the total urban residents had reached 562 million or 43% of the entire population (Quek & Ong 2008). According to Economist Intelligence Unit (EIU), the urban population in China is expected to increase at an average of more or less 3% or equivalent to 19.3 million yearly for the next 10 years. Therefore, in 2005, the number of urban residents will reach the total number of 755 million or 54.4% of the entire population. In connection, the urbanization rate will increase by 1.1% yearly. As a result, the growing population and the speedy progress of urbanization will create further demand for new homes in the city areas (Quek & Ong 2008).

Due to the different social and economic factors, according to the China National Bureau of Statistics, the investment in the real estate in China had increased by average rate of 25.5% (Quek & Ong 2008).
 However, in spite of this growth, there are different risks or threats in investing to the real estate market of China. These risks and threats are important factors that must be considered by the real estate companies and organizations in the process of decision-making, in order to prevent future problems that might cause negative effect on their profit and their entire operation.  One of which is the decision and action of the local and national government to change and tighten some of its real estate regulations in order to cool down its heated real estate industry. These changes focuses on the process of acquiring lands, registration and even the process of selling houses and establishments to the interested buyers. All of these factors must be considered and studied in order to prevent future problems.

References
China Knowledge 2010, China Overview, https://www.chinaknowledge.com (accessed May 4, 2010).
Denzin, N & Lincoln, Y 2005, The SAGE Handbook of Qualitative Research, SAGE.
Donnelly, R 2004, The Complete Idiot’s Guide to Statistics, Alpha Books.
Economist Intelligence Unit 2010, Economist Intelli本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。