-PDF Download- Understanding Residential Real Estate In China EBOOK

Understanding Residential Real Estate in China

Author: MissMali Chivakul

Publisher: International Monetary Fund

Published: 2015-04-28

Total Pages: 25

ISBN-13: 1484337255

China’s residential real estate sector plays an important role in the economy and has been a key driver of growth. Since 2014 the sector has softened visibly, reflecting overbuilding across many cities. An orderly adjustment of the sector is welcome. The key questions are how severe the adjustment will be and how long it will last. This paper uses various datasets, an analytical framework to estimate demand and supply conditions, and develops a number of scenarios to determine the oversupply both at the national level and by city tiers. It highlights that the adjustment will be a multiyear process with adverse implications for investment and growth. Smaller cities, as well as those in the Northeast region, face more challenging demand-supply dynamics. The key will be to allow the adjustment to take place, while avoiding a too sharp of an economic slowdown.

Understanding Residential Real Estate in China

Author: MissMali Chivakul

Publisher: International Monetary Fund

Published: 2015-04-28

Total Pages: 25

ISBN-13: 1484337069

DOWNLOAD EBOOK →

Understanding China’s Real Estate Markets

Author: Bing Wang

Publisher: Springer Nature

Published: 2021-01-05

Total Pages: 312

ISBN-13: 3030490327

DOWNLOAD EBOOK →

China’s economy has been transforming rapidly over the last 25 years. As a result, Chinese conurbations have changed remarkably, with cities expanding both vertically and horizontally, and the physical environment acting as a medium for unprecedented urbanization. This has provided vast opportunities for investors, real estate developers, and service companies, but also presents huge challenges—as traditional city spaces have been reconfigured, environmental risks and the volatility of real estate markets increased. However, as engagement with China is becoming strategically important for many, forming a synthesized lens through which to read China across the vicissitudes of its real estate sector bears historic significance. By offering an insightful framework and structure for understanding China’s variegated real estate dynamics, players, and markets, Understanding China’s Real Estate Markets codifies the principles and practices of real estate development, finance, and investment in China and builds foundations for future academic research and practical knowledge in shaping and engaging the urban environment within China and beyond.

Assessing China’s Residential Real Estate Market

Author: Ding Ding

Publisher: International Monetary Fund

Published: 2017-11-16

Total Pages: 26

ISBN-13: 1484324811

DOWNLOAD EBOOK →

China’s real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks of a sharp housing market slowdown. If house prices rise further beyond “fundamental” levels and the bubble expands to smaller cities, it would increase the likelihood and costs of a sharp correction, which would weaken growth, undermine financial stability, reduce local government spending room, and spur capital outflows. Empirical analysis suggests that the increasing intensity of macroprudential policies tailored to local conditions is appropriate. The government should expand its toolkit to include additional macroprudential measures and push forward reforms to address the fundamental imbalances in the residential housing market.

Real Estate Management in China

Author: Shukui Tan

Publisher: Springer Nature

Published: 2022-08-31

Total Pages: 449

ISBN-13: 981194735X

DOWNLOAD EBOOK →

This book reflects the great changes in terms of real estate sales, purchases, finance and policies from planned economy to market economy in China. Real estate system has always been a great concern to the public for its irreplaceable role in people’s lives and various daily affairs, as well as in the development of the whole economy, especially in China’s context. The unique perspective of this book lies in the significant role that the Chinese government plays in real estate system. This book aims to help readers to understand China’s real estate system comprehensively.

The Long-Run Trend of Residential Investment in China

Author: Ding Ding

Publisher: International Monetary Fund

Published: 2018-12-07

Total Pages: 17

ISBN-13: 1484385373

DOWNLOAD EBOOK →

In this paper we analyze the fundamental drivers of China’s residential investment as a share of its GDP. Our analysis indicates that the economic structural changes that led to rebalancing toward consumption were the key driver of the rising residential investment to GDP ratio in China. We project that residential investment would moderate from the current level of 9 percent of GDP to around 6 percent by 2024, and its contribution to real GDP growth would decline gradually from currently about half percent of GDP to slightly negative over this period, barring policy intervention. The decline in the growth contribution of residential investment reflects the projected somewhat slower pace of rebalancing going forward and the envisaged increases in labor costs due to demographic changes.

China's Housing Reform and Outcomes

Author: Joyce Yanyun Man

Publisher: Lincoln Inst of Land Policy

Published: 2011

Total Pages: 260

ISBN-13: 9781558442115

DOWNLOAD EBOOK →

This in-depth volume explains China's residential construction boom and reviews how some established trends are likely to challenge its housing market in coming years. It draws on household surveys and public data in China and provides important lessons about housing policy for China and other countries.

The Chinese Real Estate Market

Author: Junjian Albert Cao

Publisher: Routledge

Published: 2015-05-08

Total Pages: 407

ISBN-13: 1317934970

DOWNLOAD EBOOK →

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: commercial property investment housing price inflation property rights protection affordable and social housing market practices and regulation environment and sustainability taxation property-led growth and the reliance of local economic growth on the property sector 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.

Understanding China’s Real Estate Markets

Author: Bing Wang

Publisher: Springer Nature

Published: 2021-06-07

Total Pages: 312

ISBN-13: 3030717488

DOWNLOAD EBOOK →

NBER Macroeconomics Annual 2015

Author: Martin Eichenbaum

Publisher: University of Chicago Press

Published: 2016-06-22

Total Pages: 448

ISBN-13: 022639574X

DOWNLOAD EBOOK →

This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycles in China's Macroeconomy” by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. “Demystifying the Chinese Housing Boom” by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, “External and Public Debt Crises” by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, “Networks and the Macroeconomy: An Empirical Exploration” by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household’s beliefs for understanding economic phenomena. “Expectations and Investment,” by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. “Declining Desire to Work and Downward Trends in Unemployment and Participation” by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s.