Reform of China's Housing and Land Systems: The Development Process and Outlook of the Real Estate Industry in China

Xin Dong ()
Additional contact information
Xin Dong: Institute for Urban and Environmental Studies, Chinese Academy of Social Sciences, No. 28 Shuguangxili, Chaoyang, Beijing 100028, China

Chinese Journal of Urban and Environmental Studies (CJUES), 2017, vol. 05, issue 04, 1-15

Abstract: Since the establishment of People's Republic of China in 1949, its real estate has closely followed reforms in economic, land and housing systems. There have been two critical junctures since the advent of the Reform and Opening-Up policy in 1978: the introduction of housing monetization in 1998 and the reinstatement of low-income housing in 2007. Those two junctures divide the development of China's real estate industry into three stages, namely the embryonic period of housing marketization (1978–1997), rapid development period (1998–2006) and integrated development period (2007–2016). Report delivered at the 19th National Congress of the Communist Party of China in 2017 affirms that “housing is for living in, not for speculation,” marking a new development stage for China's real estate industry. It is expected that innovations in land system, housing system and macro-control will promote the development of China's real estate in the future.

Keywords: Real estate; housing system; land system; development process; outlook (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S2345748117500270
Access to full text is restricted to subscribers

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:wsi:cjuesx:v:05:y:2017:i:04:n:s2345748117500270

Ordering information: This journal article can be ordered from

DOI: 10.1142/S2345748117500270

Access Statistics for this article

Chinese Journal of Urban and Environmental Studies (CJUES) is currently edited by PAN Jiahua

More articles in Chinese Journal of Urban and Environmental Studies (CJUES) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().