This is the first book to fully present, analyse and interpret the Chinese real estate market.
Dr Junjian Albert Cao examines the Chinese real estate market’s growth trajectory, unique governance and factors affecting values and investment in the context of reforms, rapid economic growth and urbanization.
The book provides essential insights into the institutional change surrounding the development of the property market, government intervention at local and national levels, taxes and other regulatory charges, and factors such as market practices, economic changes, government policies and social changes that affect the value of real estate.
Furthermore, the book analyses academic and policy debates on issues such as:
The book offers a comprehensive, in-depth and up-to-date account of the Chinese property market and presents a full assessment of the investment potential of Chinese real estate. It is a must read for students, academics and real estate professionals interested in this fascinating real estate market that has implications for Chinese and the world economies.
"Really an indispensable book for those who want to understand the complex tangle of Chinese real estate industry as the author knows the sector inside out." - Jan Jonckheere, Editor Chinasquare.be
Abbreviations, Part I: Contextual Factors, 1. Introduction, 2. Post-Reform Political and Socio-Economic Changes, Part II: Market Development, 3. The Land Market, 4. The Housing Market, 5. The Commercial Property Market, Part III: Market Regulation, 6. Land Administration, Planning and Development Control, 7. Housing Market Administration and Macro Control, 8. Property Finance and Taxation, Part IV: Real Estate Development and Investment, 9. Housing, 10. Commercial Property, 11. Indirect Investment Vehicles , 12. Foreign Investment in China and China’s Emerging Overseas Investment, Part V: Future Directions and Conclusions, 13. Re-Balancing Housing Provision: State and Market, 14. Re-Positioning of the Property Sector, 15. Conclusions, References