Enterprise Zone is an important part of the regional economic development strategy. This paper investigates the impact of overall urban development and construction of the National Big Data (Guizhou) Experimental Area on the housing prices and found out that the construction of the National Big Data (Guizhou) Experimental Area is more conducive to the rise in suburban housing transaction prices. The paper empirically proves that the construction of the National Experimental Zone is more conducive to small family housing and leads to the increase in the suburban housing trading area, which further implies that the National Big Data (Guizhou) Experimental Area project may lead to the migration of residents to the suburbs, thus the increasing the housing price. Such regional planning is conducive to the changing spatial distribution of the residents, relocating the residents to find jobs and live in the suburbs, and increasing the value of suburban areas. This paper provides evidence to quantify the externalities and the premium of the housing prices in the surrounding area and provides empirical evidence on the spatial externalities in the literature.
Many studies have concluded that, since housing pressure affects the mobility of highly skilled young migrants (HSYMs) in Chinese cities and regions, it is necessary to apply corresponding housing policies to adjust housing unaffordability for HYSM. This study uses data from a survey conducted in China’s Zhejiang Province, where specific policies have been implemented to attract talent. We found that housing crowds out HSYM from a city, but that the HSYM who have a master’s degree or above, or who work in government organizations or state-owned enterprises, are more tolerant of housing unaffordability. Those who are unmarried or those staying in the city for a long period are less tolerant of housing unaffordability. Meanwhile, different factors have heterogeneous impacts on the HSYMs’ tolerance for housing unaffordability across cities of different levels. Therefore, housing policies should highlight urban differences and intra-group differences, and more housing land should be provided to attract talent.
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