Qualitative Effect Analysis of Chinese and South Korean Housing Policies: Taking the Policy on Stimulating Market, Stabilizing Price and Refraining Speculation as Examples

Hyungu G. Roh () and Cifang F. Wu ()
Additional contact information
Hyungu G. Roh: College of Public Administration, Zhejiang University
Cifang F. Wu: College of Public Administration, Zhejiang University

Chapter Chapter 44 in Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, 2015, pp 531-545 from Springer

Abstract: Abstract The aim of this study is to numeralize and calculate indicators of stimulating market and stabilizing housing price, refraining speculation policies issued between 1998 to 2009 in China and Korea, and then to compare and determine implementation effects of these two housing policies based on the change of indicators. Qualitative research method, comparative analysis and descriptive statistic method were employed and the following main conclusions were obtained: (1) before 2008, the stimulating housing market policies of Chinese and Korean had effects on completed housing area, traded area and completed home unit rate; (2) from 2005 to 2006, in order to stabilize housing price and refrain speculation, the housing policy adopted by China government had effects on the housing trading price and selling price of residential land of Shanghai, subsequently, policy effect gradually disappeared; (3) from 2002 to 2004 and after 2007, the housing policy adopted by Korea government had effects on the housing trading price and selling price of residential land of Seoul as well; (4) during the same period, Chinese and Korean government used different policy means to cope with problems.

Keywords: Land economy; Housing policy; Qualitative analysis; Effectiveness evaluation (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-662-46994-1_44

Ordering information: This item can be ordered from
http://www.springer.com/9783662469941

DOI: 10.1007/978-3-662-46994-1_44

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().