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Article: Housing affordability in Shenzhen Special Economic Zone: A forerunner of China's housing reform

TitleHousing affordability in Shenzhen Special Economic Zone: A forerunner of China's housing reform
Authors
Issue Date1996
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/02673037.asp
Citation
Housing Studies, 1996, v. 11 n. 4, p. 561-580 How to Cite?
AbstractThis paper aims to examine and draw national implications from the affordability issues of the housing reforms in Shenzhen Special Economic Zone. It was found that since the reforms, housing was still well within the affordability limit of the end-users, but availability was a problem for the non-government employees. The Shenzhen experience inferred that the 35 per cent rent-income ratio targeted for China's urban sector by the year 2000 might be appropriate. A target price-income ratio of three for the lower- and middle-income household also seemed plausible, but the market pricing principle for high-income families was cautioned in the paper. It was found that the non-government work units faced the greatest affordability problem in providing housing for their employees because of the need to purchase housing at market prices. The government had less affordability problems after the reforms because it could reduce spending on housing and recoup some of its past investment through the sale of housing. Moreover, as a result of the reforms it received an additional levy from the development companies.
Persistent Identifierhttp://hdl.handle.net/10722/89897
ISSN
2015 Impact Factor: 1.309
2015 SCImago Journal Rankings: 1.101
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChiu, RLHen_HK
dc.date.accessioned2010-09-06T10:03:08Z-
dc.date.available2010-09-06T10:03:08Z-
dc.date.issued1996en_HK
dc.identifier.citationHousing Studies, 1996, v. 11 n. 4, p. 561-580en_HK
dc.identifier.issn0267-3037en_HK
dc.identifier.urihttp://hdl.handle.net/10722/89897-
dc.description.abstractThis paper aims to examine and draw national implications from the affordability issues of the housing reforms in Shenzhen Special Economic Zone. It was found that since the reforms, housing was still well within the affordability limit of the end-users, but availability was a problem for the non-government employees. The Shenzhen experience inferred that the 35 per cent rent-income ratio targeted for China's urban sector by the year 2000 might be appropriate. A target price-income ratio of three for the lower- and middle-income household also seemed plausible, but the market pricing principle for high-income families was cautioned in the paper. It was found that the non-government work units faced the greatest affordability problem in providing housing for their employees because of the need to purchase housing at market prices. The government had less affordability problems after the reforms because it could reduce spending on housing and recoup some of its past investment through the sale of housing. Moreover, as a result of the reforms it received an additional levy from the development companies.en_HK
dc.languageengen_HK
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/02673037.aspen_HK
dc.relation.ispartofHousing Studiesen_HK
dc.titleHousing affordability in Shenzhen Special Economic Zone: A forerunner of China's housing reformen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0267-3037&volume=11&spage=561&epage=580&date=1996&atitle=Housing+Affordability+in+Shenzhen+Special+Economic+Zone:+a+Forerunner+of+China%27s+Housing+Reformen_HK
dc.identifier.emailChiu, RLH: rlhchiu@hku.hken_HK
dc.identifier.authorityChiu, RLH=rp00997en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1080/02673039608720875-
dc.identifier.scopuseid_2-s2.0-0030432629en_HK
dc.identifier.hkuros24743en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0030432629&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume11en_HK
dc.identifier.issue4en_HK
dc.identifier.spage561en_HK
dc.identifier.epage580en_HK
dc.identifier.isiWOS:A1996VQ92500005-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridChiu, RLH=7103037995en_HK

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