China's Housing Reform and Outcomes

China's Housing Reform and Outcomes

Language: English

Pages: 276

ISBN: 1558442111

Format: PDF / Kindle (mobi) / ePub

Since the housing reform in 1998 that abandoned China’s old system of linking housing distribution with employment, the housing market has experienced rapid development and is now a significant source of economic activity for the Chinese economy. China’s population growth and urbanization has driven a significant portion of the residential construction boom. This has led to improvements in housing conditions for urban residents.

A significant issue of China’s housing boom is a considerable increase in housing prices which poses enormous challenges at both central and local government levels. The book covers the housing situation in China and the direction it appears to be headed. Included are predictions based upon current housing trends and the likely impact to China’s housing sector in coming years.

The chapters present the proceedings of a May 2009 conference cosponsored by the Lincoln Institute and the Peking University–Lincoln Institute Center for Urban Development and Land Policy. Scholars who specialize in China’s housing market shared valuable information and insights about housing policies and practices in China with government officials, academic researchers, faculty and students. 

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social and economic distribution within the public sector. The policy was to share housing provision costs w ithin t he current public sector between t he state, work units, and individuals with a progressive increase in the costs borne by individuals. However, the specific impact of housing reform depends upon the individual’s current situation. Under the old system people employed by the public sector waited in the housing queue and improved their housing conditions step by step. With

and building age for both types of housing, as well as the mean values of the purchase price or monthly rent for each city. Market-purchased housing is larger, higher quality, and newer than market rentals. Purchase prices on average are lowest in Xi’an and Chongqing and highest in Guangzhou, Shanghai, and Beijing. TABLE 5.1 Average Size, Quality, and Cost of Housing by Tenure for Eight-City Sample N Per Capita Space (m2) Quality Index Cost per Square Meter Market Commodity Economic 1,177

Contributors 2 49 Index 253 About the Lincoln Institute of Land Policy 261 Illustrations TABLES 1.1 1.2 1.3 1.4 1.5 1.6 2.1 2.2 2.3 2.4 2.5 3.1 3.2 3.3 4.1 4.2 4.3 4.4 4.5 5.1 5.2 5.3 5.4 5.5 6.1 6.2 Owner-Occupied Home Ownership Rate by City Type and Region, 2010 7 Owner-Occupied Home Ownership Rate by Income Group in 2007 and 2010 7 Property Type and Tenure Structure in 2010 9 Housing Value by City Type and Region in 2010 9 Housing Value by Income Group in 2007 10 Price-to-Income Ratio

cultivated land to urban land. 2. The i nstitutional d istinction b etween u rban a nd r ural la nd sh ould b e el iminated, and villagers should be able to sell land directly to developers. Eliminating Land Conversion Quotas Emphasis on national food security should focus on increasing both the productivity and the amount of arable land. The removal of land conversion quotas will not damage China’s future food security. Cultivated lands in and around cities are not productive and are well below

application, the Bureau of Construction or Public Housing Management Office must form their opinion on whether the applicants are eligible for public assistance and forward the eligible applications to the Bureau of Civil Affairs on the same municipal level for recommendations. The Bureau of Civil Affairs also has 15 days to check the eligibility of t he applications a nd provide feedback to t he Bureau of C onstruction or Public Housing Management Office, which then publishes the names of the

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