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