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Reform of China's Housing and Land Systems: The Development Process and Outlook of the Real Estate Industry in China

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  • Xin DONG

    (Institute for Urban and Environmental Studies, Chinese Academy of Social Sciences, No. 28 Shuguangxili, Chaoyang, Beijing 100028, China)

Abstract

Since the establishment of People's Republic of China in 1949, its real estate has closely followed reforms in economic, land and housing systems. There have been two critical junctures since the advent of the Reform and Opening-Up policy in 1978: the introduction of housing monetization in 1998 and the reinstatement of low-income housing in 2007. Those two junctures divide the development of China's real estate industry into three stages, namely the embryonic period of housing marketization (1978–1997), rapid development period (1998–2006) and integrated development period (2007–2016). Report delivered at the 19th National Congress of the Communist Party of China in 2017 affirms that “housing is for living in, not for speculation,” marking a new development stage for China's real estate industry. It is expected that innovations in land system, housing system and macro-control will promote the development of China's real estate in the future.

Suggested Citation

  • Xin DONG, 2017. "Reform of China's Housing and Land Systems: The Development Process and Outlook of the Real Estate Industry in China," Chinese Journal of Urban and Environmental Studies (CJUES), World Scientific Publishing Co. Pte. Ltd., vol. 5(04), pages 1-15, December.
    • Handle: RePEc:wsi:cjuesx:v:05:y:2017:i:04:n:s2345748117500270
    DOI: 10.1142/S2345748117500270
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    Cited by:

    1. Liu, Xueli & Jiang, Chunxia & Wang, Feng & Yao, Shujie, 2021. "The impact of high-speed railway on urban housing prices in China: A network accessibility perspective," Transportation Research Part A: Policy and Practice, Elsevier, vol. 152(C), pages 84-99.
    2. Seid Hussen Yimam & Hans Lind & Belachew Yirsaw Alemu, 2022. "Understanding Urban Land Leasing System as a Strategic Value Capture Instrument to Enhance Urban Revenue in Ethiopia: A Case Study of Bahir Dar City," Economies, MDPI, vol. 10(6), pages 1-26, June.
    3. Xiaofeng Zhao & Mingming Zhang & Ying Li & Xianjin Huang & Baiyuan Wang & Lin Zhang, 2020. "Urban residential land expansion and agglomeration in China: a spatial analysis approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(6), pages 5317-5335, August.

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