In 2011 China's economic growth slowed down, and the risk of the economic operation increased. The real estate market was subject to stringent regulation and control policies, resulting in the fall of both volume and prices. Strong demands for commercial real estate will continue in the short term. Judging from current situation, commercial real estate will maintain long-term development. The real estate market became less active, and land turnover rate decreased. The base of real estate investment is high, so the room for growth is limited. Financing relied on the enterprise itself. The growth of new housing construction declined, and the growth of sales fell. The volume of second-hand housing reduced. Office sales accelerated, and rent increased, especially in first-tier cities. The downward trend of real estate industry will continue in 2012, and investment opportunities exist in commercial real estate area. Yet it is suggested to pay attention to four types of risks. <<