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|Other Titles: ||A study on the housing regulation policy in Mainland China|
|Authors: ||張有存;Chang, Yu-Tsun|
|Keywords: ||住宅市場;市場供需;市場失靈;調控政策;housing market;Market supply and demand;market failure;regulation policy|
|Issue Date: ||2011-12-28 17:49:49 (UTC+8)|
China welfare housing system for early implementation and people lived free allotted houses by the government until 1998, it was also the beginning of housing market trading system. Although the residential market had been implemented for several years, but the price and demand of housing are changed by a rapid increase with the rapid economic growth, urbanization, rising population and the growth of the market. Therefore, the housing market had fairness problem, in order to solve such kind of problems the government implement a series of regulation policy.
Housing regulation policies include credit policy, tax policy, land policy and housing security policy. After a series of related policies had been issued, the review of housing market policies can back on track to become an important issue. It needs to be clarified that whether the state of market supply and demand is normal, housing
prices stable or not, the direction and strength of the regulation policies are appropriate or not.
At first, this article discusses related theories of market failure and the necessary regulatory principles for developing policies, discussing the causes of pay a painful price in Japanese housing bubble further. Besides, the achievements of "Home Ownership" policy in Singapore will also be discussed and suggested for future housing market policies in Mainland China.
In addition to theoretical discussion, to understand further the history of the Chinese housing market and special housing policy and to explore the current housing market problems. Finally, we discuss the related path of government regulatory policies and realize the running process of authorized institutions, the humble opinions and proposes of regulation policy will be discussed for improving housing regulation policies in Mainland China.
|Appears in Collections:||[Graduate Institute & Department of International Business] Thesis|
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