Format:
Online-Ressource (407 p)
ISBN:
9780415723121
Series Statement:
Routledge International Real Estate Markets Series
Content:
This is the first book to fully present, analyse and interpret the Chinese real estate market.Dr Junjian Albert Cao examines the Chinese real estate market's growth trajectory, unique governance and factors affecting values and investment in the context of reforms, rapid economic growth and urbanization.The book provides essential insights into the institutional change surrounding the development of the property market, government intervention at local and national levels, taxes and other regulatory charges, and factors such as market practices, economic changes, government policies and social
Note:
Description based upon print version of record
,
Cover; Title; Copyright; Dedication; Contents; List of figures; List of tables; List of boxes; Preface; Acknowledgements; List of abbreviations; PART I Contextual factors; 1 Introduction; 1.1 Introduction; 1.2 Real estate in China: sixty years, three worlds; 1.3 China's real estate sector at the crossroads; 1.4 Aims of this book; 1.5 The analytical framework; 1.6 The structure of the book; Notes; 2 Post-reform political and socio-economic changes; 2.1 The reforms and opening-up campaigns; 2.2 Changes in politics and governance; 2.3 Economic growth, imbalance and restructuring
,
2.4 Urbanisation and social changes2.5 Education and technological changes; 2.6 Legal changes; 2.7 Environmental changes; 2.8 Discussion: rise or collapse?; 2.9 Conclusion; Notes; PART II Market development; 3 The land market; 3.1 Property rights in land; 3.2 1979-90: adoption of pay-for-use principle; 3.3 1990-2004: transition to open market sales; 3.4 2004 Onwards: land price inflation and government-controlledl and supply; 3.5 Discussion: are high land prices the cause of high housing prices?; 3.6 Conclusion; Notes; 4 The housing market; 4.1 Property rights in housing
,
4.2 The housing reform4.3 1979-90: housing market initiation; 4.4 1990-98: housing market expansion; 4.5 1998-2002: policy-boosted rapid growth; 4.6 2003 Onwards: growth under the uncertainty of macro control; 4.7 Discussion: ghost towns or vacant to be sold?; 4.8 Conclusion; Notes; 5 The commercial property market; 5.1 Property rights in commercial property; 5.2 The tier system of Chinese cities; 5.3 1980-91: initiation in BSGS; 5.4 1991-98: expansion and downturn; 5.5 1999 Onwards: further expansion and maturing; 5.6 Discussion: the economics of oversupply; 5.7 Conclusion; Notes
,
PART III Market regulation6 Land supply, planning and development control; 6.1 Supply of land for construction; 6.2 Property-led development; 6.3 Planning and development control; 6.4 Discussion: the costs of planning failures; 6.5 Conclusion; Note; 7 Housing market administration and macro control; 7.1 Market administration; 7.2 Macro control; 7.3 Housing size standards: contention and resistance; 7.4 Purchase restrictions and price control targets; 7.5 Discussion: China's housing bubbles?; 7.6 Conclusion; Notes; 8 Property finance and taxation; 8.1 Development finance; 8.2 Mortgages
,
8.3 Policy-related home mortgages8.4 Taxation in the property market; 8.5 Market response to tax changes under macro control; 8.6 Discussion: real estate tax; 8.7 Conclusion; Note; PART IV Real estate development and investment; 9 Housing; 9.1 Land for residential use; 9.2 Housing development; 9.3 Housing investment; 9.4 Property management; 9.5 Discussion: how many empty homes are there?; 9.6 Conclusion; Notes; 10 Commercial property; 10.1 Land for commercial uses; 10.2 Commercial properties investment in China: potential and risks; 10.3 Offices; 10.4 Retail properties
,
10.5 Industrial and logistics properties
Additional Edition:
9781317934974
Additional Edition:
Print version The Chinese Real Estate Market Development, Regulation and Investment
Language:
English
Keywords:
Electronic books
Bookmarklink
