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AbstractPast researches have pointed out a strong and positive relationshipexisting between organizational commitment and the overall performanceof the organization The primary objective of this paper is to explorethe degree of organizational commitment in real estate companies ofChina as well as the key variables that are linked to the variabilityof organizational commitment Hence it is possible to display howorganizational commitment could be improved in the human resourcemanagement The Chinese Real Estate Market bubble has finally burst The overheated Chinese Real Estate market which saw tripling of pricesbetween 2006 and 2012 has led to runaway inflation in the market pricesand finally the dwelling unit costs went far beyond the reach of thecommon citizen The rising cost and dwindling demand had led to avariety of questions that were formed in the minds of business owners This paper researches about the correlation between organizationalcommitment factors and HR factors across a sample population of 100people working in various real estate companies and surprisingly throwsup strong elements of loyalty among the employees towards theiremployers Chapter I Introduction11 OverviewThe Chinese real estate industry does not have a long history It wasin the middle of the 20th century that there was a realization of urbanhousing lagging way behind the economic development in China Theresult of this was absolutely insufficient infrastructure resulting inovercrowding and near pathetic dwelling conditions The governmentstepped in to set right this imbalance and in 1949 it took over all theland in the cities and declared them as state-owned The confiscatedland was then allotted to Dan Weis socio-economic units that werecompletely owned by the state and this transfer was free of charge Itis apparent that land-ownership and land use rights were inseparablecompletely state-owned and therefore the dealings in the land marketstotally disappeared By 1958 land in the urban areas was totally state-owned and thefarmland was collectively owned However the land which wascollectively owned was taken over by the state by giving
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