부동산개발사업의 리스크 요인과 대응방안에 관한 연구

Abstract

Real Estate Development Project refers to a business in which real estate is self-contained and generates profit and provides products that enhance the maximum efficiency and value added of land to customers by investing ideas and capital. Thus, real estate development project can be defined as the creation and improvement of land and buildings, but only if they include economic, business and professional areas for maximum utility. However real estate development projects are not always efficient. This is because there is always a risk when opportunity is provided. Because real estate development is so closely related to the surrounding conditions, namely politics, economics, society, culture, institutions and laws, it entails the task of adapting and responding to such environment. As the conditions surrounding real estate change frequently and rapidly, I think plans should be made at a long-term and comprehensive level rather than a short-term perspective. The real estate development project guarantees high profitability if successful, but the potential risk factors are relatively large and diverse, making it a complex and difficult project with continuous failure risks. There are a variety of related laws and measures that apply according to the development environment, changes in real estate policies and systems, types and locations of development projects, contents, and implementation patterns. Because real estate development projects are long-term and involve large-scale funding, failure of the development projects can be seen as more risky for developers who are likely to have a fatal impact on corporate life and have weak financial independence. Therefore, it is essential to review project feasibility, improve analysis accuracy, and reduce risk at the planning stage. The feasibility study of investment development methods can be determined by how reliable they are to reflect many factors, such as the physical, social environment, and project profitability that affect the project provider's decision-making. Research on real estate development projects has been carried out in various areas, focusing on apartment complexes, private development projects, etc. On feasibility analysis, real estate investment techniques, marketing, and distribution management. Research on risk factors and management plans for development projects has also been carried out on effective management plans for analyzing risk factors in each area, from project financing, marketing, construction project management, manpower and business roles. Based on the general theory of real estate development projects and risks in the preceding study, the recent studies looked at potential risk factors that could arise from selecting and securing sites for real estate development, which are deemed to be relatively insufficient in objective theory or logical practice. In fact, if the cost of land purchase increases during the selection and procurement of development sites or if land purchase and approval takes a long period of time, the risk of the developer will be huge. Thus, the stage of selecting and securing a valid development site for a development business would be a phase where the importance of various variables and risks affecting the success or failure of the real estate development project is relatively high. Therefore, this research is able to identify the potential risk factors in selecting and securing development sites suitable for development projects by considering the inherent characteristics of the land, namely fixed location, limited supply and public value. In this study, we examine the risk factors and responses arising from the selection and securing of development sites in order to ignore various surrounding conditions and related laws and regulations, and to avoid the risk of decision-making relying on the developers' subjective judgment and human relations.