Proceedings of the 3rd International Seminar on Education Innovation and Economic Management (SEIEM 2018)

Evaluating the Rationality of Land Share of Housing Value in China’s Urban Housing Market —Based on International Comparison and Risk Analysis

Authors
Xiaoping Zhou, Zhenyang Qin, Duo Chai, Song Zhao
Corresponding Author
Duo Chai
Available Online January 2019.
DOI
10.2991/seiem-18.2019.28How to use a DOI?
Keywords
Land Share of Housing Value; International Comparison; Risk Analysis; Rationality
Abstract

Land share of housing value is an important indicator linking land market and housing market. However, few studies have comprehensively discussed the rationality of China's land share of housing value. This paper first defined the rationality of land share of housing value as being consistent with international experience and meeting the needs of China's socio-economic stability. Then, this paper drew the following conclusions through international comparison and risk analysis: Firstly, China's current land share is at intermediate level among developed countries’ historical values. Land share’s trend, spatial distribution characteristic and relationship with urban socio-economic fundamentals in China are also similar to those in developed countries. Secondly, under the two hypothetical scenarios, through the “stress test”, it is found that the land share of most 35 large and medium-sized cities will not cause economic risks. Therefore, land share of housing value in China is generally reasonable, and the reasonable range is roughly 31.18%~57.91%. The land management department should dynamically adjust the land supply plans and control land share at a reasonable level from the perspective of preventing economic risks.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 3rd International Seminar on Education Innovation and Economic Management (SEIEM 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
January 2019
ISBN
978-94-6252-649-5
ISSN
2352-5398
DOI
10.2991/seiem-18.2019.28How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Xiaoping Zhou
AU  - Zhenyang Qin
AU  - Duo Chai
AU  - Song Zhao
PY  - 2019/01
DA  - 2019/01
TI  - Evaluating the Rationality of Land Share of Housing Value in China’s Urban Housing Market —Based on International Comparison and Risk Analysis
BT  - Proceedings of the 3rd International Seminar on Education Innovation and Economic Management (SEIEM 2018)
PB  - Atlantis Press
SP  - 107
EP  - 112
SN  - 2352-5398
UR  - https://doi.org/10.2991/seiem-18.2019.28
DO  - 10.2991/seiem-18.2019.28
ID  - Zhou2019/01
ER  -