1) Political Risk : Law and regulation , curtainly of goverment. 2) Bussiness Risk : Opportunity and Thread of bussiness. 3) Accouting Risk : standardization of accounting and tax policy. 4) Management Risk : Ability and policy of management team. 5) Econonic Risk : Macro Economic, Infletion , GDP 6) Operation Risk : Human resource, standardization of profession filed which relate in Real Estate development. Tool and Machine operation and maintainance. 7) Marketing Risk : Trend , complettitors, maketing chanel allowed. 8) Financial Risk : interest rate, exchange rate, Loan Policy.