Residential Land Leasing and Price Under Public Land Ownership
Publication: Journal of Urban Planning and Development
Volume 147, Issue 2
Abstract
Based on the district-level data for Shanghai, China, from 2004 to 2015, the factors that influence residential land leasing by the district government and residential land leasing price under public land ownership will be studied. Officials from the Departments of Planning and Land Authority in Shanghai, China, will be interviewed to obtain reasonable influencing factors, which will be used as the variables in the mathematical models. Then, a hedonic model will be used to discuss the relationship between residential land leasing price and the influencing factors, and the mathematical model for total residential land leasing area will be presented based on the ordinary least square (OLS) method. Whether the price and total area of residential land are correlated with land characteristics, district-level economic development, political tenure, city and district centers, public schools, and local public goods, will be analyzed. The regression results show some factors that the government concerns about when leasing residential land under public land ownership, and how residential land leasing prices are influenced by these factors. The policy implications for the government and people for residential land leasing are presented, and these could be applied to other large cities in developing countries.
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Data Availability Statement
All data, models, or codes generated or used during the study are available from the corresponding author by request.
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GDP and tenure of district mayor of 19 districts in Shanghai, China, from 2004 to 2015.
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Land leasing data for residential land use in Shanghai, China, from 2004 to 2015.
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Data for the distances in this study.
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Data of subway stations, highways, main universities, key high schools, public parks, and industrial parks.
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Other data supporting this study and related statistic methodology models.
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Journal of Urban Planning and Development
Volume 147 • Issue 2 • June 2021
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© 2021 American Society of Civil Engineers.
History
Received: Mar 5, 2019
Accepted: Jan 11, 2021
Published online: Mar 1, 2021
Published in print: Jun 1, 2021
Discussion open until: Aug 1, 2021
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