Industry

Huangfan Industrial
Construction and Real Estate Development
Construction and Real Estate Development

Construction and Real Estate Development

Industry

The construction industry (Construction Business) refers to the material production sector of the national economy engaged in the survey, design, construction of construction and installation projects and the maintenance of existing buildings. According to the National Economic Industry Classification Catalogue, the construction industry, as one of the twenty classified industries of the national economy, consists of the following four categories: housing construction, civil engineering construction, construction and installation, building decoration, decoration and other construction industries. The function of the construction industry is mainly to carry out construction and installation activities for various building materials and components, machinery and equipment, etc., and to build productive and non-productive fixed assets for the national economy. The development of the construction industry has a very close relationship with the scale of investment in fixed assets, which promotes and restricts each other. Real estate development refers to the general term for land development and housing construction carried out by enterprises engaged in real estate development in order to achieve urban planning and urban construction (including the development of new urban areas and the reconstruction of old urban areas). Real estate refers to land, buildings and the inseparable parts of the land and buildings and the various interests attached to them. Real estate is also known as real estate in economics because of its own characteristics, namely the fixed and immovable position. There can be three forms of existence: land, buildings and premises. In real estate auctions, the subject matter of the auction can also have three forms of existence, namely, land (or land use rights), buildings and premises in a state of material entities and their rights and interests. With the development of personal property ownership, real estate has become a major component of commercial transactions. Buying real estate is an important form of investment.

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