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

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 construction of houses, including the construction, renovation, decoration, maintenance, and operation of various types of buildings such as residential, industrial, warehouse, commercial, tourism, service, cultural, educational, healthcare, sports, and office facilities. Therefore, the real estate industry has a triple attribute of production, operation, and service, primarily performing the functions of circulation and service. The real estate industry has become an independent sector in China 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 has 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 and high returns, but investing in real estate involves large capital and long construction cycles.