Abstract: The development efficiency of the real estate industry is defined as the relative effective degree of transformation between input resources factors (land and capital) and output factors of the real estate development industry. The enhanced efficient DEA model is used to measure and analyze the development efficiency of Shenyang real estate industry by selecting the purchased land area and real estate development investment as the input indicators and the commercial housing sales area， commercial housing sales and land value-added tax as the output indicators. The results show that the development efficiency of Shenyang real estate industry is relatively low. Therefore， countermeasures and suggestions to optimize the development efficiency are put forward from the perspective of policies and enterprises in order to promote the transformation and upgrading of the industry.

Key words: real estate development; development industry; development efficiency; evaluation and optimization; enhanced efficient DEA model