Abstract
China's accession to the World Trade Organization (WTO) in 2001 has allowed both domestic and overseas real estate enterprises to compete under the same market conditions. This has led to a more rigorous competition in the Chinese real estate market. Understanding this challenge is essential as it enables real estate enterprises to assess their competitiveness properly, and therefore adapt to their competition environment by applying adequate methods to improve their competitiveness. This paper presents an understanding on the applicability of various established competitiveness assessment methods. The characteristics of real estate firms are also presented with the appreciation of the Chinese environment. The study investigates the applicability of various established competitiveness assessment methods for real estate organizations in China considering the characteristics of real estate industry and the comments of the interviewees. The understanding on this applicability leads to the development of a model-procedure for assessing the competitiveness of real estate firms. The model-procedure employs various assessment methods in different stages in the process of examining the competitiveness of real estate businesses. The effectiveness of the application of the model-procedure is evidenced through discussions with senior professionals. Then a case study is presented to illustrate how the model-procedure can be applied. The findings of the study provide valuable references to study competitiveness assessment in other country's real estate industries. © 2009 Vilnius Gediminas Technical University.
| Original language | Lithuanian |
|---|---|
| Pages (from-to) | 229-245 |
| Journal | International Journal of Strategic Property Management |
| Volume | 13 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Sept 2009 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
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SDG 10 Reduced Inequalities
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SDG 17 Partnerships for the Goals
Research Keywords
- Assessing method
- Chinese real estate industry
- Competitiveness assessment
- Model-procedure
- Real estate enterprises (REEs)
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