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Competitiveness factors: a study of the real estate market in China

Author

Listed:
  • Heng Li
  • Vera Li
  • Martin Skitmore
  • Johnny Kwok Wai Wong
  • Eddie Cheng

Abstract

The execution of 'macro-adjustment' policies by the central government to cool down the overheated real estate market in the past few years has created an unfavourable operating environment for real estate developers in Mainland China. Developers need to rethink their business model and create a new form of competitive advantage in order to survive. Despite this, research into the factors that influence the competitiveness of the real estate market in China has been limited. Therefore, a survey of 58 real estate practitioners, experts and academics in China was conducted to probe opinion on the factors that influence competitiveness in real estate firms in China. Survey results suggest that the developer's financial competency, market coverage and management competencies are vital to its competitiveness. Findings also highlight the importance of industry recognition/award, share in different types of property sales/development projects, profit after tax, growth rate of their securities price, and diversification of R&D in reflecting the competitiveness of real estate developers in China. The findings provide an insight into the factors that influence competitiveness in China's real estate market and also assist practitioners to formulate competitiveness improvement strategies.

Suggested Citation

  • Heng Li & Vera Li & Martin Skitmore & Johnny Kwok Wai Wong & Eddie Cheng, 2009. "Competitiveness factors: a study of the real estate market in China," Construction Management and Economics, Taylor & Francis Journals, vol. 27(6), pages 567-579.
    • Handle: RePEc:taf:conmgt:v:27:y:2009:i:6:p:567-579
    DOI: 10.1080/01446190903005865
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    Cited by:

    1. Abbas Mohammed Hussein & Mohammed Mustafa Ahmed & Mohamed Yahya Mahmoud Khudari, 2021. "The Impact of Strategic Planning in the University’s Competitiveness According to NIAS," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 10, September.
    2. José Giménez & Antonia Madrid-Guijarro & Antonio Duréndez, 2019. "Competitive Capabilities for the Innovation and Performance of Spanish Construction Companies," Sustainability, MDPI, vol. 11(19), pages 1-24, October.
    3. Edoardo Bruno, 2022. "Socio-Spatial ‘Tabula Rasa’ and Punctual Preservation: The Case Study of Measurable Compensation in Lijiao Village," Sustainability, MDPI, vol. 14(14), pages 1-27, July.
    4. Irum khattak & Qadir Bakhsh Baloch & Gohar zaman, 2019. "Effect Of Academic & Personality Development Activities On Competitiveness Of Business Schools: An Empirical Study Through The Lens Of Islamic Perspective," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 15(2), pages 15-12.
    5. Irum khattak & Qadir Bakhsh Baloch & Gohar zaman, 2019. "Effect Of Academic & Personality Development Activities On Competitiveness Of Business Schools: An Empirical Study Through The Lens Of Islamic Perspective," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 15(2), pages 182-198.
    6. Shakun Preet Kaur & Jatinder Kumar & Rakesh Kumar, 2017. "The Relationship Between Flexibility of Manufacturing System Components, Competitiveness of SMEs and Business Performance: A Study of Manufacturing SMEs in Northern India," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 18(2), pages 123-137, June.

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