By Zan Yang, Jie Chen (auth.)
This ebook presents a finished research of housing affordability lower than the industrial reforms and social ameliorations in city China. It additionally deals an total assessment of the present executive measures at the housing marketplace and cheap housing guidelines in China. by means of introducing a dynamic affordability method and residual source of revenue technique, the booklet permits us to trap the scale of the affordability hole extra thoroughly, to higher establish coverage pursuits, and to evaluate the effectiveness of present public coverage. the original database on city family surveys and neighborhood details on cheap housing tasks serve to bolster the research. The e-book deals theoretical and empirical insights for in-depth affordability experiences and is helping readers to appreciate the social affects of industry reforms and the position of presidency at the chinese language housing market.
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This publication presents a accomplished research of housing affordability below the commercial reforms and social alterations in city China. It additionally deals an total evaluation of the present govt measures at the housing marketplace and reasonable housing rules in China. through introducing a dynamic affordability method and residual source of revenue technique, the publication permits us to catch the dimensions of the affordability hole extra thoroughly, to raised determine coverage pursuits, and to evaluate the effectiveness of present public coverage.
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Additional resources for Housing affordability and housing policy in urban China
Houses sold after 2 years from the date of purchase, however, would be exempt from this sales tax policy. Third, the government stopped re-selling the pre-sale housing units bought by individuals from developers, which increased the opportunity costs of potential speculators, squeezing them out of the market. After the first round of demand-side regulation policies, the government launched a second round of supply-side regulation and a foreign investment regulation in 2006. On 17 May 2006, the State Council Executive Meeting proposed six measures including the adjustment of housing supply structure, strengthening tax, credit, land regulation and increasing the construction of low-rent housing and ECH (GOSC  No.
From the supply side, the policies put huge pressure on increasing the housing supply, particularly affordable housing, requiring that more than 40 % of the total construction area be used to construct affordable and moderate-sized units. The implemental amount of affordable housing has been one of the crucial indicators used in the performance evaluation of local governments. Moreover, experiments in some forms of property tax were introduced in Shanghai and Chongqing. 4 Growing Housing Inequality in Urban China Since 1998 The acceleration in China’s economic reform over the last two decades has prompted great changes in urban Chinese households.
Comparatively, production and allocation are focused on housing need while housing affordability can be seen in expenditure and income (Freeman et al. 2000). Housing affordability has been presented as a major policy concern that has advanced other terms as proxy measures for all forms of housing stress and need (Gabriel and Jacobs 2006). 2 The Measure of Housing Affordability Many methods have been developed to measure housing affordability, with success depending on research objectives and data accessibility.