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Spatiotemporal Agglomeration of Real-Estate Industry in Guangzhou, China

Author

Listed:
  • Peng Wang

    (College of Economics, Jinan University, 601 Huangpu Avenue West, Guangzhou 510632, China)

  • Xiaoyan Lin

    (College of Economics, Jinan University, 601 Huangpu Avenue West, Guangzhou 510632, China)

  • Dajun Dai

    (Department of Geosciences, Georgia State University, 24 Peachtree Center Avenue SE, Atlanta, GA 30303, USA)

Abstract

Real estate development is critical to healthy economic growth and regional development. Using real-estate data in Guangzhou, China from the 1970s to 2015, we examined the spatiotemporal agglomeration and evolution of Guangzhou’s real estate industry with spatial and spatiotemporal techniques. This study shows that real estate businesses were initially agglomerated in the city center with socioeconomic advantages, and later spread into suburbs as new growth foundations. We also found that different business types, depending on their functions, evolved and agglomerated in different time periods. The findings provide valuable support to the formulation of effective government policy and the management of real estate enterprises in China.

Suggested Citation

  • Peng Wang & Xiaoyan Lin & Dajun Dai, 2017. "Spatiotemporal Agglomeration of Real-Estate Industry in Guangzhou, China," Sustainability, MDPI, vol. 9(8), pages 1-15, August.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:8:p:1445-:d:108516
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