广州TX“城中村”改造项目投资与决策研究

发布时间：2018-06-25 01:07

本文选题：“城中村”改造 + 决策过程　；参考：《华南理工大学》2013年硕士论文

【摘要】：2009年，国土资源部与广东省合作，率先以省部合作的方式开展节约集约用地工作，广东成为当时全国唯一的试点“三旧”改造省份。藉此机会，广州市政府也加快了“城中村”改造的步伐，逐步允许社会力量，尤其是房地产开发商参与到广州的“城中村”改造项目。而对于房地产开发商而言，“城中村”改造项目是一种具有投资额度大、项目周期长、不确定性因素多等特征的地产投资项目，，以合理的决策过程对项目进行梳理及投资分析是改造项目能够顺利进行的基础。本文以广州的TX“城中村”为实例，通过定性与定量分析相结合的方法，剖析“城中村”改造项目的项目特征，构建“城中村”改造项目的决策过程，对影响决策过程的四个项目参数——拆迁补偿额、项目利润率、容积率、融资地块价格进行分析，主要研究在确定容积率和地价下拆迁补偿额和项目利润率的关系，以及在合理补偿标准下的开发商可接受的项目融资地块容积率与融资地块价格，模拟项目融资地块的竞价情况，运用科学可行的办法论证项目的可行性与风险所在。经市政府审批，TX“城中村”改造项目被列入广州市“三旧”改造年度实施计划，项目具有优先性与示范性，本文结合目前广州“城中村”改造政策与特点，对TX“城中村”改造项目的决策过程与投资分析中涉及主要参数进行研究。除了希望能对开发该类模式下的广州“城中村”改造项目的房地产企业提供借鉴作用外，也希望为与“城中村”改造相关的政府部门提供参考意见。
[Abstract]:In 2009, the Ministry of Land and Resources cooperated with Guangdong Province and took the lead in carrying out the work of saving intensive land in the way of cooperation of the provincial departments. Guangdong became the only pilot province in the country at that time. Taking this opportunity, the Guangzhou municipal government has also stepped up the pace of "village in the city" transformation, gradually allowing social forces, especially real estate developers to participate in Guangzhou's "village in the city" transformation project. For real estate developers, the "village in the city" project is a real estate investment project characterized by a large amount of investment, long project cycle and many uncertain factors. A reasonable decision-making process and investment analysis are the basis for the transformation project to be carried out smoothly. Taking the example of TX "village in city" in Guangzhou, this paper analyzes the project characteristics of "village in city" by combining qualitative and quantitative analysis, and constructs the decision-making process of transformation project of "village in city". This paper analyzes the four project parameters that affect the decision-making process-the amount of compensation for demolition, the profit rate of the project, the volume ratio, the price of the land for financing, and mainly studies the relationship between the compensation amount of demolition and the profit rate of the project under the determination of the volume rate and the land price. And under the reasonable compensation standard the developer can accept the project financing plot volume rate and the financing land price, simulates the project financing plot bidding situation, uses the scientific feasible method to prove the project feasibility and the risk lies. Through the approval of the municipal government, the project of "village in city" has been listed in the annual implementation plan of "three old" transformation in Guangzhou, and the project has priority and demonstration. This paper combines with the reform policy and characteristics of "village in city" in Guangzhou at present. The main parameters involved in the decision-making and investment analysis of TX "village in city" project are studied. In addition to providing reference to the real estate enterprises developing the transformation project of "village in the city" of Guangzhou under this kind of model, the author also hopes to provide reference advice for the government departments concerned with the transformation of "village in the city".
【学位授予单位】：华南理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：TU984.114;TU71

【参考文献】