An Analysis of the Factors that Affect Collective Construction Land Transfer Price: A Case Study of Yichang City

The transfer of the rural collective construction land is increasingly accelerating, and the factors affecting transfer price are manifold. In this paper, the research area is Yichang, and we establish hedonic price model to explore and analyze the factors which affect the collective construction land transfer price. The simulation results show that in geographical factors, the higher degree of prosperity, road accessibility and soundness of infrastructure will result in higher collective construction land transfer price; in economic factors, the higher farmers' per capita net income and added value of the village’s tertiary industry will lead to higher collective construction land transfer price; in ownership factors, the integrity of usufruct, disposition and possession has increasingly significant impact on collective construction land transfer price. In the process of establishing rural collective construction land circulation market, the government should gradually improve conditions of collective construction land; strengthen the construction of the rural economy, improve the economic attribute of the collective construction land; establish and improve China's rural collective construction land-related laws and regulations, make the rural collective construction land use rights clear, and give the whole rights of occupation, use, earning and disposition.