Land Supply, Developer Strategy and Housing Price: Evidence from Beijing
Recently housing price in Beijing has gone up fast and the restrictive Land supply policy has been blamed for this. To analyze effects of governments land-supply and developers land -bank on housing price, this article extends the traditional stock-flow model by incorporating land-supply and land-banking. Using Beijing data from 1992 to 2009, the empirical results show that land supply has a significant negative effect on housing price which is larger when tight land policy was undertaken after 2005. We also find that more land in developers land banks, faster housing price rises.
land supply land-bank housing price
Jinhai Yan
Department of Public Administration Xiamen University, Xiamen Fujian P.R.China
国际会议
北京
英文
727-731
2011-08-08（万方平台首次上网日期，不代表论文的发表时间）