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Article: Land price changes in the evolving land market in Beijing

TitleLand price changes in the evolving land market in Beijing
Authors
KeywordsChina
General management
Prices
Real estate
Issue Date2009
PublisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/info/journals/pm/pm.jsp
Citation
Property Management, 2009, v. 27 n. 2, p. 91-108 How to Cite?
AbstractPurpose: The purpose of this paper is to examine land price changes in Beijing 1993-2004. Examination of attributes of land price changes seeks to illustrate whether this market is overshadowed by government regulations and controls leading to immature development and uncertainties. Design/methodology/approach: Land price changes in Beijing within the study period are examined by statistical analyses as well as spatial observations using a GIS platform. Findings: Land prices in Beijing are influenced by common market indicators such as GDP growth and investment, although market transactions of land in this city are not entirely open and the so-called market prices are largely price levels agreed between the private developer and the authority under private treaty grant, instead of open auction or tender. Research limitations/implications: The analyses of market land prices in Beijing in this paper show, however, that land prices do follow generally market principles and the highest and best use principle is more or less observed. Originality/value: The paper shows that it is possible for a market mechanism to be established as long as the authority is resolved to achieve a steady reform progress in the urban land use system; however the basic conditions of a market mechanism may not be completely ready. © Emerald Group Publishing Limited.
Persistent Identifierhttp://hdl.handle.net/10722/125359
ISSN
2015 SCImago Journal Rankings: 0.331
References

 

DC FieldValueLanguage
dc.contributor.authorLi, LHen_HK
dc.date.accessioned2010-10-31T11:26:42Z-
dc.date.available2010-10-31T11:26:42Z-
dc.date.issued2009en_HK
dc.identifier.citationProperty Management, 2009, v. 27 n. 2, p. 91-108en_HK
dc.identifier.issn0263-7472en_HK
dc.identifier.urihttp://hdl.handle.net/10722/125359-
dc.description.abstractPurpose: The purpose of this paper is to examine land price changes in Beijing 1993-2004. Examination of attributes of land price changes seeks to illustrate whether this market is overshadowed by government regulations and controls leading to immature development and uncertainties. Design/methodology/approach: Land price changes in Beijing within the study period are examined by statistical analyses as well as spatial observations using a GIS platform. Findings: Land prices in Beijing are influenced by common market indicators such as GDP growth and investment, although market transactions of land in this city are not entirely open and the so-called market prices are largely price levels agreed between the private developer and the authority under private treaty grant, instead of open auction or tender. Research limitations/implications: The analyses of market land prices in Beijing in this paper show, however, that land prices do follow generally market principles and the highest and best use principle is more or less observed. Originality/value: The paper shows that it is possible for a market mechanism to be established as long as the authority is resolved to achieve a steady reform progress in the urban land use system; however the basic conditions of a market mechanism may not be completely ready. © Emerald Group Publishing Limited.en_HK
dc.languageengen_HK
dc.publisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/info/journals/pm/pm.jspen_HK
dc.relation.ispartofProperty Managementen_HK
dc.subjectChinaen_HK
dc.subjectGeneral managementen_HK
dc.subjectPricesen_HK
dc.subjectReal estateen_HK
dc.titleLand price changes in the evolving land market in Beijingen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0263-7472&volume=27&spage=91&epage=108&date=2009&atitle=Land+Price+Changes+in+the+Evolving+Land+Market+in+Beijingen_HK
dc.identifier.emailLi, LH:lhli@hku.hken_HK
dc.identifier.authorityLi, LH=rp01010en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1108/02637470910946408en_HK
dc.identifier.scopuseid_2-s2.0-70049108135en_HK
dc.identifier.hkuros181424en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-70049108135&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume27en_HK
dc.identifier.issue2en_HK
dc.identifier.spage91en_HK
dc.identifier.epage108en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLi, LH=8418463000en_HK
dc.identifier.citeulike4374843-

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