Real Estate Development in China: A Regional Perspective

This article seeks to examine the regional dimension of property investment and development in China and to evaluate the factors that shape the regional patterns. Data are gathered from Chinese policy documents and census publications. Descriptive statistics, nonparametric analyses, and linear stepwise regression models are employed to analyze the data. The results show a sharp difference between the coastal and the noncoastal regions in total volume of property transactions, but no significant variations between the same two regions in property development in the state-dominated sector. International capital—particularly investment from Hong Kong, Macau, and Taiwan—was the major factor that boosted an active property market along the coast. State-owned and collectively owned enterprises were the major players that contributed to maintaining a regional balance in China's property development.

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