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An Alternative Model to Determine the Financing Structure of PPP-Based Young Graduate Apartments in China: A Case Study of Hangzhou

Author

Listed:
  • Yelin Xu

    (Department of Engineering Management, Zhejiang Sci-Tech University, Hangzhou 310018, China)

  • Yi Peng

    (School of Urban-rural Planning & Management, Zhejiang University of Finance & Economics, Hangzhou 310018, China)

  • Queena K. Qian

    (OTB Research Institute for the Built Environment, Delft University of Technology, 2628 BL Delft, The Netherlands)

  • Albert P. C. Chan

    (Department of Building and Real Estate, The Hong Kong Polytechnic University, Hong Kong, China)

Abstract

Public-private partnerships (PPP) can be employed to provide public rental housing for young graduates, which has been urgent to achieve social sustainability in China. However, few studies have been conducted to investigate the financing structure of PPPs, particularly the ratio of private investment, which is important in initiating a PPP project. This study develops a robust model to determine the financing structure through considering the uncertainties in operation. A case study in Hangzhou demonstrates the process of the model. The relevant findings provide private investors and the local government with effective references for negotiating the financing structure of a PPP project.

Suggested Citation

  • Yelin Xu & Yi Peng & Queena K. Qian & Albert P. C. Chan, 2015. "An Alternative Model to Determine the Financing Structure of PPP-Based Young Graduate Apartments in China: A Case Study of Hangzhou," Sustainability, MDPI, vol. 7(5), pages 1-15, May.
    • Handle: RePEc:gam:jsusta:v:7:y:2015:i:5:p:5720-5734:d:49340
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    References listed on IDEAS

    as
    1. Colin Jones, 2007. "Private Investment in Rented Housing and the Role of REITS," European Journal of Housing Policy, Taylor and Francis Journals, vol. 7(4), pages 383-400.
    2. Cheng Lianyu & Robert Tiong, 2005. "Minimum feasible tariff model for BOT water supply projects in Malaysia," Construction Management and Economics, Taylor & Francis Journals, vol. 23(3), pages 255-263.
    3. Wu, Jing & Gyourko, Joseph & Deng, Yongheng, 2012. "Evaluating conditions in major Chinese housing markets," Regional Science and Urban Economics, Elsevier, vol. 42(3), pages 531-543.
    4. Yu-Lin Huang & Shih-Pei Chou, 2006. "Valuation of the minimum revenue guarantee and the option to abandon in BOT infrastructure projects," Construction Management and Economics, Taylor & Francis Journals, vol. 24(4), pages 379-389.
    5. Ya Wang & Alan Murie, 2011. "The New Affordable and Social Housing Provision System in China: Implications for Comparative Housing Studies," International Journal of Housing Policy, Taylor & Francis Journals, vol. 11(3), pages 237-254.
    6. Colin Jones, 2007. "Private Investment in Rented Housing and the Role of REITS," International Journal of Housing Policy, Taylor & Francis Journals, vol. 7(4), pages 383-400.
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    Cited by:

    1. Zhengrong Liu & Wendan Jiang & Yuzhe Wu & Yi Peng, 2016. "Risk Factors of Building Apartments for University Talent through the Agent Construction Mode in China: Interrelationship and Prioritization," Sustainability, MDPI, vol. 8(4), pages 1-13, March.
    2. Ignacio De Los Ríos-Carmenado & Mauricio Ortuño & María Rivera, 2016. "Private–Public Partnership as a Tool to Promote Entrepreneurship for Sustainable Development: WWP Torrearte Experience," Sustainability, MDPI, vol. 8(3), pages 1-19, February.
    3. Jingfeng Yuan & Xiaodan Zheng & Jia You & Mirosław J. Skibniewski, 2017. "Identifying Critical Factors Influencing the Rents of Public Rental Housing Delivery by PPPs: The Case of Nanjing," Sustainability, MDPI, vol. 9(3), pages 1-22, February.
    4. Chih-Yao Huang & Ren-Jye Dzeng, 2019. "Evaluating Ancillary Business Scale for PPP-BOT Projects: A Social Housing BOT Case in Taiwan," Sustainability, MDPI, vol. 11(5), pages 1-17, March.

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