Privatization of Urban Land in Shanghai
This book provides researchers and practitioners with an informed study of the land and real estate market in Shanghai. While, there are a number of well-researched books devoted to studying the economic consequences of China's transition to the capitalist market system, few are written about the country's privatization of land control. This book fills the gap by examining the land market mechanism arising from the land use rights reform in Shanghai, which has important implications for real estate development in China as a whole.
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accordance Adjusted R2 Article asset Beijing Benchmark Price Chinese CN CN conveyance fee conveyance price Dependent Variable determination of land Discounted Cash Flow economic enterprises examine factors grade granting land-use right ground buildings HIRISE Hong Kong income industrial Land Administration Bureau land economics land management department land market land price behaviour land use pattern land use rights land user lease LUR reforms major market accommodation value market economy market land price market mechanism mortgage obtained ownership people's government plot ratio population density predictor variables price of land privatization of land profit property market property prices property rights real estate development real estate market Regression Analysis Regulations relevant Residual Accommodation Value residual land value rights reforms Shanghai Land Shenzhen socialist economies Standard Error theory Total Market Price transaction transfer transitional economy unit land price urban district Urban Land valuation