For a long time, financial institutions credit and housing pre-sale have been the two major approaches when it comes to raising funds for the construction industry, the excessive number of unsold houses and the continuously growing NPL ratio in the real estate business, financial institutions now reduce loans to the construction industry in a dramatic way, a move that makes the construction industry become less successful in the operations. A major issue the construction industry now has to deal with is, besides seeking financial institutions credits, how to raise funds by other means. As Chinese Taiwan is seeing its economy week as product of the recessing world economy and, worsened by many other factors, close-ups are nothing new in the construction industry, in which financial crisis is common, a development that severely hurts the economy of the island and accordingly, making the construction industry physically sound is a key issue. In this research, the U.S. experience is telling us that a real estate securitization does mean help to reviving the housing market and improved mobility and reduced risk are both important elements when it comes to introduce funds. Eventually, the real estate securitization shall be built on real estate assets trusteeship and real estate investment trusteeship as operating models. In the model, when it comes to fund raising, real estate securitization is a popular, unitary and highly mobile credit approach. Building the main body is to erect a transection bench for the real estate of minimum mobility and substantial fund while activating the value.Operation management details the means to upgrade the capital and labor-intensive manufacturing activity, as construction industry is seen, to a construction service industry based on know-how and technology,a new business opportunity for the upgraded construction industry.In this research, the literature review and the comparative analysis of the real estate securitization systems in Taiwan ,China and overseas help build the operation model for real estate securitization and,the successful development of the model and a case analysis, It is discussed. It is expected to demonstrate the cause-and-effect relationship created in the research while examining the difference between the physical cases. As the impacts created by real estate securitization on construction industry, in the short term, it would mean introduction of real estate assets trusteeship and investment trusteeship and in the mid and long term, it would mean change in credit granting and concern about business management.
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