Research on the Evaluation of Real Estate Inventory Management in China

Weiwei Li, Lisheng Weng, Kaixu Zhao, Sidong Zhao and Ping Zhang
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Weiwei Li: Department of Landscape and Architectural Engineering, Guangxi Agricultural Vocational University, Nanning 530007, China
Lisheng Weng: College of Humanities & Social Development, Nanjing Agricultural University, Nanjing 510275, China
Kaixu Zhao: College of Urban and Environmental Science, Northwest University, Xi’an 710127, China
Sidong Zhao: School of Architecture, Southeast University, Nanjing 210096, China
Ping Zhang: College of Civil Engineering and Architecture, Jiaxing University, Jiaxing 314001, China

Land, 2021, vol. 10, issue 12, 1-29

Abstract: Inventory management not only determines the health of the real estate market development, but also affects the regional economy and the capacity of sustainable social development. In this paper we use the DPSIR framework to integrate multi-dimensional influence factors, such as economic, social, and environmental factors, to construct a real estate inventory management performance evaluation and obstacle diagnosis model, and conduct an empirical study on 31 Chinese provinces and cities. The results show that: first, China’s real estate inventory is huge in size, with significant spatial heterogeneity and agglomeration; second, China’s real estate inventory management performance is unsatisfactory and still shows no improvement despite the strong policy intervention of the central and local governments; third, the obstacle factors of real estate inventory management are becoming increasingly diversified and complicated, with great differences among provinces—significantly, Profits of Real Estate Enterprises, Disposable Income of Urban Residents, Financial Revenue, Per Capital GDP, Resident Population, Gross Domestic Product, Total Retail Sales of Social Consumer Goods, Financial Expense, and Loans Balance of Financial Institutes are critical obstacle factors; and fourth, it is suggested that, on the basis of mastering the actual conditions of supply and demand in the real estate market, differentiated and precise response strategies should be formulated by integrating near-term and long-term goals, direct and indirect forces, and administrative and market instruments.

Keywords: inventory management; housing market; performance evaluation; China (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jlands:v:10:y:2021:i:12:p:1283-:d:685905

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