A Study of Factor of Housing Costs and Cost Effectiveness of Real Estate Enterprises in China
The real estate industry has become the pillar industry of China’s national economy, which has a high degree of correlation and a strong driving force for related industries. However, the amount of capital needed by real estate enterprises is huge and the process management is complicated. As the Central government of China continuously increases the regulation and control efforts to regulate the real estate industry, cost control has become the most concerned issue for real estate development enterprises.The purpose of this paper is to identify the key factors affecting the housing cost of real estate enterprises and use structural equation model to conduct an empirical study on the path of housing cost formation.In the real estate business executives group to carry out the questionnaire survey, carried out on the initial inventory item deletion and adjusted, eventually forming a formal China’s residential real estate enterprise cost management effectiveness measurement scale, the formal scale environment, decision making, sales, finance, as a potential of the variables in the structural equation model, under the various dimensions of measurement item as observed variables.This paper constructs a theoretical model of residential cost management of Chinese real estate enterprises. Through literature review and cost management theory analysis, the relationship and influence path among environment, decision-making, sales, financial factors and cost management effectiveness are determined by smartPLS3.0.
Keywords: Real Estate cost management, Housing costs, Cost influencing factors, Cost effectiveness, Partial least squares method.
|Title:||A Study of Factor of Housing Costs and Cost Effectiveness of Real Estate Enterprises in China|
|Journal Name:||International Journal of Science and Business|
|ISSN:||ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)|
|Media:||Online & Print|
|Issue publication (Year):||2022|
|Date of Publication:||01/01/2022|
|Paper Type:||Research paper|
Cite This Article:
Zhu Pengcheng (2022). A Study of Factor of Housing Costs and Cost Effectiveness of Real Estate Enterprises in China. International Journal of Science and Business, 6(1), 43-57. doi: https://doi.org/ 10.5281/zenodo.5811765
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About Author (s)
Zhu Pengcheng, Asia Metropolitan University, Malaysia.