The Housing Market and Tenure Decisions in Chinese Cities: A Multivariate Analysis of the Case of Guangzhou

Li, Si Ming

doi:10.1080/02673030082360

Cited by 108 publications

(96 citation statements)

References 19 publications

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“…Recent research by Li (2000aLi ( , 2000b has provided important ndings on housing behaviour in urban China. After examining tenure decisions for new housing in Guangzhou and Beijing, he argues that the housing market is segmented and there are different forces governing tenure decisions in different housing sectors.…”

Section: Literature Review and The Research Contextmentioning

confidence: 99%

“…With some important exceptions (Li, 2000a(Li, , 2000b, most existing research studies macro aspects of the housing system in China, such as housing provision (for example, Tolley, 1991;Wu, 1996;Zax, 1997), housing problems (for example, Zhang, 1998;Logan and Bian, 1993;Zhou and Logan, 1996) and housing policies (for example, Lee, 1988;Chen and Gao, 1993), and there has been much less research at the microlevel. The research reported in this paper provides an interpretation of individual behaviour in the housing market and the way in which tenure choices in a transitional housing system are mediated by both socioeconomic factors and institutional forces.…”

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confidence: 99%

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Housing Tenure Choice in Transitional Urban China: A Multilevel Analysis

2002

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Summary. Using a 1996 national survey of housing in China and a multilevel modelling technique, we examine housing tenure choice in transitional urban China where households have been granted limited freedom of choice in the housing market since the housing reforms of 1988. We nd that both market mechanisms and institutional forces affect households' tenure choice in urban China. While some socioeconomic factors such as age, household size, household income and housing price have similar effects on tenure choice as in the West, others such as the number of workers and marital status have rather different effects. In addition, factors characterising institutional relationships among the state, work units and households, such as hukou, job rank and work unit rank, still play important roles in tenure choice.Since the 1980s, most socialist economies have been in a process of transition and studies of transitional economies have become major topics in economics, geography, sociology and political science. Compared with the 'shock therapy' in eastern European countries and the USSR, the transition in China has been gradual and evolutionary (McMillan and Naughton, 1996). As part of the transition to a market economy, housing reform in urban China was launched nationwide in 1988. It aims to introduce market mechanisms to a heavily subsidised housing system and to transform housing from a welfare good to a commodity. To ensure a smooth transition, a dual system with 'new policies for the new housing stock, old methods for the old housing stock' (xin fang xin zhi du, lao fang lao bai fa) has been central to housing policies (State Council, 1998). While a housing market is emerging, the socialist forces in the housing system-such as the housing subsidies by work units-persist. It is this side-by-side combination of market mechanisms and institutional forces that creates the transitional nature of China's current housing system and sets a unique context within which households make tenure choices.Urban households in China, who had few housing choices but to wait for subsidised rental housing (also 'public housing', gong fang) in the socialist era, now have choices regarding both housing type and

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Section: Literature Review and The Research Contextmentioning

confidence: 99%

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confidence: 99%

Housing Tenure Choice in Transitional Urban China: A Multilevel Analysis

2002

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“…For example, Li (2000) and Lau and Li (2006) suggested that the housing affordability problem was mainly driven by the housing supply and demand. Likewise, Li and Li (2006) and Song (2010) studied the relationships between households characteristics and their housing affordability, and found that life events such as marriage, childbirth were trigger factors of house demand.…”

Section: Introductionmentioning

confidence: 99%

The Impacts of Housing Affordability on Social and Economic Sustainability in Beijing

Wang

Hoon

Lim

2013

AJCEB-Conerence Series

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China has undergone significant housing price growth since its 1998's policy reformation -triggering housing affordability issues in large cities such as Beijing and Shanghai. Although studies have been done to investigate Chinese cities' housing market policies, it appears that hitherto little is known about the effect of housing affordability on the cities' social and economic sustainability. The aim of this paper is to investigate the relationships among housing affordability, macro-economic performance and socio-demographic trends in Beijing. Under this aim, the specific objectives are to: examine Beijing's housing market performance, housing affordability, economic development and socio-demographic trends; and model the relationships among housing affordability, economic performance and socio-demographic trends in Beijing. Twelve years of retrospective census data from National Bureau of Statistics of China were collated and analysed. The results show that economic growth is positively influenced by housing affordability. However, it is shown that low level of housing affordability could lead to economic and social un-sustainability. This research informs urban planners and researchers about the effect of housing affordability on a nation's urban economic and social development, offering a new plausible insight towards developing a sustainable housing market.

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“…Green and Hendershott (1996) used the census data to analyze the impact of age structure, education, and income on homogeneous housing prices, and found that the age structure of the population had a slight positive effect on housing prices. Li (2000) studied the second-hand housing market. The results showed that different consumers have different impacts on different types of housing, married people with families and children, and those with higher social status had a greater impact on the second-hand real estate market.…”

Section: Introduction Introduction Introduction Introductionmentioning

confidence: 99%

The Impact of Demographic Structure on Housing Prices: Evidence from Macau

Song¹

2017

Proceedings of the 2017 International Conference on Economics, Finance and Statistics (ICEFS 2017)

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Abstract. Abstract. Abstract. Abstract. Due to the Macau's rapid development of the real estate market, the average housing prices increased by about 600% in 10 years. The changes in the demographic structure also affected the housing needs, and the aging population increased to affect the housing market. Therefore this paper used the quarterly data from 2005 to 2015 to analyzed the impact of demographic structure on housing price in Macau. The results showed the ratio of the aging ratio, child dependency ratio, marital status and GDP had significant impact on the housing prices in Macau. It is necessary to improve the relevant policies to meet the housing needs of the residents in accordance with the demographic changes and population flows. Especially the government needs to pay attention to the trend of aging population, and improve the housing quality and living environment of Macau.

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The Housing Market and Tenure Decisions in Chinese Cities: A Multivariate Analysis of the Case of Guangzhou

Cited by 108 publications

References 19 publications

Housing Tenure Choice in Transitional Urban China: A Multilevel Analysis

Housing Tenure Choice in Transitional Urban China: A Multilevel Analysis

The Impacts of Housing Affordability on Social and Economic Sustainability in Beijing

The Impact of Demographic Structure on Housing Prices: Evidence from Macau

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