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Information Systems-based Real Estate Macrocontrol Systems

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Author Info

  • Yan Li

    ()
    (Shenzhen Real Estate Research Center)

  • AHongling Guo

    ()
    (Hong Kong Polytechnic University)

  • Yaowu Wang

    ()
    (Harbin Institute of Technology)

  • Feng Wang

    ()
    (Shenzhen Real Estate Research Center)

  • Zheren Wang

    ()
    (Harbin Institute of Technology)

Registered author(s):

    Abstract

    With the continuous increase of marketization and normalization in the Chinese real estate market, the market mechanism now plays an important role in market regulation. The existing macro-control system for the real estate market, however, appears to lack the ability to regulate it. Thus, an effective and efficient information-oriented tool is needed to guide the development of China’s real estate market. The research reported herein constructs a new macro-control system for this market that is based on information systems, specifically, a real estate warning system, a confidence index system, and a simulation system. This paper first presents the framework of the new information systems-based macro-control system, and its functions are analyzed. The methods of constructing the system are then discussed. Based on these methods, the index systems of the respective information systems are established, and the main models are presented. Finally, a case study that is based on survey data from the Shenzhen real estate market is described to demonstrate the applicability of the new macrocontrol system.

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    Bibliographic Info

    Article provided by Asian Real Estate Society in its journal International Real Estate Review.

    Volume (Year): 12 (2009)
    Issue (Month): 2 ()
    Pages: 171-192

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    Handle: RePEc:ire:issued:v:12:n:02:2009:p:171-192

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    Postal: Asia Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA
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    Web page: http://www.asres.org/

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    Postal: Asian Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA
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    Web: http://www.asres.org/

    Related research

    Keywords: Real estate; Macro-control system; Warning system; Confidence index; System simulation;

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    References

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    1. John M. Clapp, 1990. "A Methodology for Constructing Vacant Land Price Indices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(3), pages 274-293.
    2. Donald R. Haurin & Patric H. Hendershott, 1991. "House Price Indexes: Issues and Results," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 19(3), pages 259-269.
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