Abstract

This study aimed to compare and analyze domestic and foreign real estate project finance research to explore strategies for revitalizing the domestic real estate project finance market. Therefore, This study compared and analyzed domestic and foreign research on real estate project finance, using 'real estate project finance' as a keyword for domestic research and 'real estate project finance', 'housing project finance', and 'building project finance' as keywords for foreign research. We focused on four criteria:topic, research method, research results, and research significance. The analysis showed that domestic real estate project finance research only focused on real estate finance and financial aspects, and quantitative studies that analyzed correlations between limited variables. We also found that research related to SME real estate project finance and effective project development was insufficient. In contrast, foreign research mainly focused on effective project development in real estate project finance, such as increasing the likelihood of project success, minimizing risks, developing effective project evaluation tools, and sustainable development of the real estate project finance industry of which validity of such analysis was verified through case analysis of the United States and Japan.
 Based on these differences, this study proposed strategies such as as SME-tailored project development,focsing on risk reduction in SME PF projects as well as developing effective evaluation tools. considering sustainable SME real estate PF development strategies.

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