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Article: The political economy of the privatisation of the land market in Shanghai

TitleThe political economy of the privatisation of the land market in Shanghai
Authors
Issue Date1997
PublisherSage Publications Ltd.. The Journal's web site is located at http://usj.sagepub.com/
Citation
Urban Studies, 1997, v. 34 n. 2, p. 321-335 How to Cite?
AbstractThis paper examines a land market in which the authority in China has a monopolistic power in the granting of the use rights of land to developers/investors for real estate development purposes. By granting land in private treaty mode rather than open market competition to the developers/investors, the Chinese authority is actually distorting the land prices achieved in the emerging market which will subsequently lead to a distortion of normal land price behaviour. Despite the fact that the authority might have been underpricing land in Shanghai, they continue to sell land through the same private treaty mechanism. One possible explanation for this is the deeply rooted ideology of the concept of 'cost as value', while another is the possible political complications involved in the property rights of various invisible interests in land.
Persistent Identifierhttp://hdl.handle.net/10722/168695
ISSN
2015 Impact Factor: 1.934
2015 SCImago Journal Rankings: 1.567
References

 

DC FieldValueLanguage
dc.contributor.authorLi, LHen_US
dc.date.accessioned2012-10-08T03:31:33Z-
dc.date.available2012-10-08T03:31:33Z-
dc.date.issued1997en_US
dc.identifier.citationUrban Studies, 1997, v. 34 n. 2, p. 321-335en_US
dc.identifier.issn0042-0980en_US
dc.identifier.urihttp://hdl.handle.net/10722/168695-
dc.description.abstractThis paper examines a land market in which the authority in China has a monopolistic power in the granting of the use rights of land to developers/investors for real estate development purposes. By granting land in private treaty mode rather than open market competition to the developers/investors, the Chinese authority is actually distorting the land prices achieved in the emerging market which will subsequently lead to a distortion of normal land price behaviour. Despite the fact that the authority might have been underpricing land in Shanghai, they continue to sell land through the same private treaty mechanism. One possible explanation for this is the deeply rooted ideology of the concept of 'cost as value', while another is the possible political complications involved in the property rights of various invisible interests in land.en_US
dc.languageengen_US
dc.publisherSage Publications Ltd.. The Journal's web site is located at http://usj.sagepub.com/en_US
dc.relation.ispartofUrban Studiesen_US
dc.titleThe political economy of the privatisation of the land market in Shanghaien_US
dc.typeArticleen_US
dc.identifier.emailLi, LH: lhli@hku.hken_US
dc.identifier.authorityLi, LH=rp01010en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0030668618en_US
dc.identifier.hkuros27665-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0030668618&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume34en_US
dc.identifier.issue2en_US
dc.identifier.spage321en_US
dc.identifier.epage335en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridLi, LH=8418463000en_US
dc.customcontrol.immutablesml 130724-

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