Influence of financial risk for project financing throughout real estate development process: a case study of a high rise apartment project in Vietnam | |
| Author | Nguyen Quoc Trung |
| Call Number | AIT Thesis no.CM-11-15 |
| Subject(s) | Real estate development--Finance--Vietnam High-rise apartment buildings--Finance--Vietnam |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Construction Engineering and Infrastructure Management |
| Publisher | Asian Institute of Technology |
| Abstract | The real estate company always want maximum the profit and minimum the cost of project. With this purpose, the real estate company manages the financial risk to get the profit and control the cost. The real estate development process is complex project and very risky. In this process, the financial risk impact to project financing dramatically. Wit h this reason, the influence of financial risk to project financing throughout development process is studied to support the real estate company and actor related in development process in order to make solution reducing the influence of financial risk to achieve objective of project. This research was conducted to fulfill the three objectives. (1) to investigate the real estate development process in high rise apartment project and to indentify financial risk factor in each step of development process; (2) to assess the critical factor of financial risk on the development process and the influence of these factors to project financing throughout development process; (3) to purpose the conclusion and recommendation to reducing the influence of these factors on project financing throughout the development process. The result of this study found that the perception of Real Estate Company do not correspond with the influence of financial risk. The financial risk factor impact the both source of fund and use of fund of project which is included the project financing mode l throughout each phase of development process. All of consequence of risk factor is show in execution and sale phase. This makes profit of project decrease dramatically and increase the construction cost. This study also shows that Vietnam has not yet created a convenience environment for the real estate business. |
| Year | 2011 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Chotchai Charoenngam; |
| Examination Committee(s) | Hadikusumo, B. Harimurti W.;Huynh Trung Luong; |
| Scholarship Donor(s) | Asian Institute of technology Center in Vietnam (AITCV);Asian Institute of Technology Fellowship; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2011 |