Government intervention in land market and its impacts on land supply and new housing supply: Evidence from major Chinese markets

Siqi, Yan; Ge, Xin Janet; Wu, Qun

doi:10.1016/j.habitatint.2014.10.009

Cited by 56 publications

(30 citation statements)

References 68 publications

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“…Meanwhile, for-profit construction land, including industrial land, was stipulated to be supplied by municipal governments through "tender, auction, or listing", which resulted in the land supply in China becoming market-oriented [38]. Thus, we selected 2003 as the beginning of this study.…”

Section: Methodsmentioning

confidence: 99%

“…This order shift showed that in the eastern region, the degree of dependence of development on newly increased construction land decreased, land use intensity increased, and land use type shifted from urban expansion to utilizing internal potentialities via urban redevelopment [51,52]. The lower dependence was also the result of strict limitation policies set on the land supply in the major cities [38,53]. Figure 6 showed the results of NCD hotspot analysis.…”

Section: Position and Movement Of Clsa And Ncsa Geographic Centroidsmentioning

confidence: 99%

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Spatiotemporal Variation of China’s State-Owned Construction Land Supply from 2003 to 2014

Min

Xin

et al. 2016

Sustainability

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State-owned construction land is the dominant legal land source for construction in China and its supply influences urban expansion, house prices, and economic development, among other factors. Surprisingly, limited attention has been directly devoted to the spatiotemporal variation in land supply or the driving factors. This paper applied a centroid model and hotspot analysis, and created a newly increased construction land dependence-degree index (NCD) to present the spatiotemporal variations of China's construction land supply magnitude and pattern from 2003 to 2014, using land supply data from 339 cities. A two-way fixed effect model was introduced to reveal the influence of the socio-economic driving factors. The results showed that China's state-owned construction land supply area (CLSA) and newly increased construction land supply area (NCSA) both increased during the period from 2003 to 2014, the geographic centroid of CLSA and NCSA moved northwest. NCD showed an overall increasing trend, and hotspots with high NCD migrated from the east region to the west region and shifted from an "east hot and west cold" pattern in 2003 to an "east cold and west hot" pattern in 2014. The gross domestic product (GDP) has a U-shape effect on CLSA and NCD. The population, average annual wage of workers, and investment in fixed assets (fiv) have positive effects on CLSA, and fiv also has a positive effect on NCD. The increasing ratio of tertiary industry added value to secondary industry added value reduces CLSA and NCD, and the effects of state policies vary from year to year. Different land supply policies should be implemented for cities in different development stages.

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Section: Methodsmentioning

confidence: 99%

Section: Position and Movement Of Clsa And Ncsa Geographic Centroidsmentioning

confidence: 99%

Spatiotemporal Variation of China’s State-Owned Construction Land Supply from 2003 to 2014

Min

Xin

et al. 2016

Sustainability

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show abstract

“…To solve this problem, the National New-type Urbanization Plan 2014-2020 emphasized that cities with a population of more than 5 million should be subject to strict population controls. In order to bring population growth under control, there was a decline in residential land supply after the Chinese government strengthened the intervention in land market [59]. It was also found that land price is positively and significantly correlated with the behavior of hoarding land by local governments [60].…”

Section: Relationship Between Land Price and Immigrant Populationmentioning

confidence: 99%

“…Several limitations of this study should be mentioned here: (1) Some factors of land market, such as urban land supply [59,67], were not considered in this study. In addition, the magnitudes of the effects of some factors are different between large cities and small cities.…”

Section: Limitations Of This Studymentioning

confidence: 99%

Spatiotemporal Effects of Main Impact Factors on Residential Land Price in Major Cities of China

Yang

et al. 2017

Sustainability

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Abstract:With the rapid development of land marketization in China, the spatial patterns of residential land prices in different regions have become increasingly complicated. The very high and continuously rising residential land prices in many cities are causing significant challenges to economic development and social stability. Yet, there has only been a limited amount of attempts made to model and analyze the regional dynamic changes of residential land price systematically, especially in term of the spatially varying effects of key demographic and economic factors. In this study we provided a perspective analysis of the changes of residential land prices in 2008, 2011 and 2014 based on the land price monitoring records of 105 cities and then conducted a geographically weighted regression (GWR) analysis on the relationships between residential land price and three major impact factors (i.e., immigrant population, gross domestic product (GDP) and investment in residential buildings). Results show that the areas in which GDP had relatively strong positive impacts on residential land price expanded with time. The negative effects of immigrant population on residential land price were mainly concentrated in the cities around the Bohai Rim and the area with negative effects gradually shrank in the three studied years. Conversely, the areas with negative correlation between investment in residential buildings and residential land price gradually expanded in size over time. A geographical detector was used to examine the relative importance of factors to residential land price. It was found that the GDP had more significant influence on residential land price than other factors and the influence of the three factors to overall variation in residential land price increased over the three studied years. These results underscore the importance of taking spatially varying effects of major driving factors into account in policy-making on regional land market.

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“…In the existing literature, public land development has been addressed in many perspectives including the functioning of land and property markets (Needham, 1992;van der Krabben and Lambooy, 1993;Needham, 1997;Needham and Verhage, 1998;Priemus and Louw, 2003;El Araby, 2003;Turk and Korthals Altes, 2010;Yan et al, 2014), efficiency (Roberts, 1975;Lefcoe, 1977;Buitelaar, 2004;Louw, 2008;Korthals Altes, 2010;van der Krabben and Jacobs, 2013), urban governance Tan et al, 2009), competition regulation (Korthals Altes, 2006Tasan-kok and Korthals Altes, 2012;Tasan-kok et al, 2013), connection to land-use planning (Kalbro, 2000;Verhage, 2003;van Rij and Korthals Altes, 2010;van Dijk and van der Vlist, 2015;Hartman and Spit, 2015;Buitelaar and Bregman, 2016), employment of compulsory purchase (Korthals Altes, 2014), contextual changes (Buitelaar, 2010), provision of social housing (Buitelaar and de Kam, 2012), property rights (Havel, 2009;Muñoz Gielen, 2014;Havel, 2014), development negotiations (Samsura et al, 2014(Samsura et al, , 2015Glumac et al, 2015), public accountability (Kang and Korthals Altes, 2015), public value capturing (Passow, 1970;van der Krabben and Needham, 2008;Alterman, 2012), and developer selections…”

Section: Introductionmentioning

confidence: 99%

Risk management in public land development projects: Comparative case study in Finland, and the Netherlands

2017

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Government intervention in land market and its impacts on land supply and new housing supply: Evidence from major Chinese markets

Cited by 56 publications

References 68 publications

Spatiotemporal Variation of China’s State-Owned Construction Land Supply from 2003 to 2014

Spatiotemporal Variation of China’s State-Owned Construction Land Supply from 2003 to 2014

Spatiotemporal Effects of Main Impact Factors on Residential Land Price in Major Cities of China

Risk management in public land development projects: Comparative case study in Finland, and the Netherlands

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