Identifying Critical Factors Influencing the Rents of Public Rental Housing Delivery by PPPs: The Case of Nanjing

Jingfeng Yuan, Xiaodan Zheng, Jia You and Mirosław J. Skibniewski
Additional contact information
Jingfeng Yuan: Department of Construction and Real Estate, Southeast University, Nanjing 210096, China
Xiaodan Zheng: College of Management and Economics, Tianjin University, Tianjin 300072, China
Jia You: Department of Construction and Real Estate, Southeast University, Nanjing 210096, China
Mirosław J. Skibniewski: Department of Civil and Environmental Engineering, University of Maryland, College Park, MD 20742, USA

Sustainability, 2017, vol. 9, issue 3, 1-22

Abstract: The occupancy rate of Public Rental Housing (PRH) in China is relatively low due to the unreasonable rents. At the same time, the development of PRH using Public Private Partnerships (PPPs) increases the complexity of the rents. Therefore, the critical factors influencing the rents of PRH delivery by PPPs should be identified. Based on the comprehensive literature, this article identified a conceptual model for the factors influencing the rents of PRH delivery by PPPs in China, composed of 14 factors grouped in three factor packages, and discussed the relationships among three factor packages. A survey based on Nanjing was conducted to assess the relative significance of 14 factors. According to the results, six critical factors were identified: construction costs, household income, floor area and structure, transportation, market rents in the same district and public facilities. In addition, the proposed conceptual model had a good fit. The results also supported two hypothetical relationships among three factor packages: (1) the increase of the affordability of the target tenants had a positive effect on the increase of profits of private sectors; and (2) the increase of the affordability of the target tenants had a positive effect on the increase of level of the characteristics of PRH units. For future research, six critical factors and the relationships among three factor packages can be used to determine the reasonable rents for PRH delivery by PPPs in China.

Keywords: Public Private Partnership; critical factors; public rental housing; rents (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.mdpi.com/2071-1050/9/3/345/pdf (application/pdf)
https://www.mdpi.com/2071-1050/9/3/345/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:9:y:2017:i:3:p:345-:d:91542

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().