Economics and Business
Quarterly Reviews
ISSN 2775-9237 (Online)
Published: 03 July 2018
Study on the Pricing Model of Affordable Housing in Guangzhou, China
Qiqi Zhang, Kongmei Cen, Mu Zhang
Jinan University, China
Download Full-Text Pdf
10.31014/aior.1992.01.02.21
Abstract
Indemnificatory housing is related to our life in China, how to make price reasonable is necessary for its social welfare function. This paper introduces the pricing process of affordable housing and focuses on the demonstration of price-limited housing which is both indemnificatory and commercial. Combined with the cost method and the market method, the pricing model was constructed based on the system: market valuation price---the ratio of house price ---selling price. Taking Guangzhou-- a city in south China-- as the object, the key --price ratio- was calculated according to the data. Reasonable of that model was examined with an example of a house in Guangzhou, China, named FengJingHuaTing. With the expansion of the government welfare project, the study of the pricing model of the purchase type of indemnificatory housing is of great value to the citizens and market.
References
Wang, D.X., Peng, H. C., Problems existing in the current pricing of affordable housing[J]. Real Estate in China, 2013 3, 57-59.
Huang, G.Y., Research on Implementation of Limited-price Policy in Guangzhou[D], Guangzhou, Jinan University, 2009:58-62.
Teo E A L, Lin G. Determination of strategic adaptation actions for public housing in Singapore[J]. Building & Environment, 2011, 46(7):1480-1488.
Gong, S.H., The way to develop public housing in Singapore -- Interview with Mr. Liu Hechang, senior planner of Singapore Housing Development Council[J], Chinese and foreign real estate guide, 1997(1):30-32。
Ho M H C. Privatization of public housing in Hong Kong: a genuine agenda or propaganda[J]. Habitat International, 2004, 28(3):481-494.
Zhou, K.L., Home ownership: why Singapore's "affordable housing" has been successful[J], world vision, 2014(21):28-29.
Adrienne La Grange. Privatizing Public Housing in Hong Kong: Its Impact on Equity[J]. Housing Studies, 1998, 13(4):507-525.
Chen, A.M., Housing Project Hedonic Price Model Based on Principal Components Analysis[J]. Journal of Chongqing University (Natural Science Edition), 2006(6):144-148.
Wang, D.X., Peng, H. C, Ye, X.Q., China's affordable housing pricing: Theory and Practice [M], People's Publishing House, 2014：70-122.
Fang, L.J., Study on the housing security system in Changsha[D]. Changsha, Central South University, 2010.13-17.
Wang, X.Z., Analysis on the price economic regulation of China's affordable housing[J]. Journal of Fuzhou University (Philosophy and Social Sciences), 2008, 22(5):22-26.
Xiao, B.Q., A study on the pricing of affordable housing in China [D]. Changsha, Central South University. 2012. 19-23.
Zhang, Y., Measurement of Security Housing Price Based on the Multi-Centre Urban Layout[J] Journal of Engineering Management, 2010, 24(1):73-77.
Huang, N.S., Study on the housing security system in China's cities and towns. [D]. Shanghai, Fudan University, 2011. 13-18.
He, Y.B., The experience of the affordable housing policy and the choice of China's development mode[J], 2010(6):164-170.
Liu, Z.Y., Study on housing security in Guangzhou and Hongkong. [M]. China Social Sciences Press 2013:23-54, 151-168.
Ma, Q., The Tendency of the Economical Accommodation Policy in Our Country[J]. Technology Economics, 2006, 25(6):84-86.
Qiang, Z., Research on the optimization of housing supply mode and price formation mechanism in China -- Based on the revelation of public rental housing[J]. Price: Theory&Practice 2009(7):29-30.
Xia. S.L. Research on Housing Security System of Hongkong and it’s Revelation to the Mainland [J]. Wuhan, Wuhan University of Science and Technology.2009.19-23.
Sun, W.Z., Research on the pricing method of real estate[J]. Tianjin, Tianjin University. 2007.20-24.
Wang, Y.G., The pricing model of economically affordable housing [J]. Shanxi Architecture. 2008, 34(4):244-245.
Ma, X.Y., Yuan, Q.F., Zhao, J., Sociospatial characteristics of Guangzhou's indemnificatory communities[J]. Geographical Research, 2012, 31(11):2080-2093.
Yao, L.Z., A study of China's public housing policy model[M]. 2003. 138-152.