An Analysis of Idle Land in Real Estate Development in China
During the course of the latest round of continual and rapid increase in housing price in China’s large and medium cities starting from 2003, real estate developers hoarding lands is generally considered to be one of the most important reasons for it. That is, lots of real estate firms postponed land development and caused a great deal of land to be idle. This paper first discussed the evolution of China’s land regulations in real estate development and stipulations on the idle land in some typical countries as research background. Based on it, this paper investigated the characteristics of Chinas idle land of real estate development in a decade from 1998 to 2007. The results show that the scale of idle land in real estate industry has been already over 1 billion, and 70％ of it is accumulated in the last five years. However, the increase rate of annual land area increment purchased and undeveloped is generally decreasing, especially the increase rate is negative in 2005 and 2006. The phenomenon is contradicted with the prevalent statement in the market that the real estate developers are increasingly hoarding the lands in this period.
Idle land Real estate development Land supply Land market
Wang Ying Zhou Yong
School of Management, Xi’an University of Architecture & Technology School of Management,Xi’an University of Architecture & Technology
国际会议
南京
英文
36-42
2009-10-29（万方平台首次上网日期，不代表论文的发表时间）