The real estate industry is promoting the implementation of standard practices ISO9000 and ISO14000.

Author: Yang Yonghua
Publisher:
Publish Date: 2003-01-01
Features: The real estate industry belongs to the tertiary industry. It not only involves the operation of land and building products but also engages in the development of some land and the construction of houses. It even includes the construction, renovation, decoration, maintenance, and operation of various types of buildings such as residential properties, factories, warehouses, as well as commercial, tourism, service, cultural, educational, healthcare, sports, and office buildings. Therefore, the real estate industry has a tripartite nature of production, operation, and service, primarily performing the functions of circulation and service. In China, the real estate industry has become an independent sector and can be classified as the second level of the tertiary industry, with its output value being a significant component of the gross national product. The real estate industry exhibits the following distinct characteristics:
● The transaction of real estate and land is inseparable.
● Real estate prices vary greatly across different regions.
● The real estate industry has low risk but high returns, though investing in real estate requires substantial capital and a long construction cycle.