International Conference on Construction and Real Estate Management 2016
The Relation between Housing Stock and Real Estate Development
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
At present, the huge stock of housing market in chain reduces the exploitation of real estate. The lack of real considerations for supply and demand is due to the oversupply of real estate market and a large amount of empty house in city. In addition, this amount is gradually increasing, so the main task of the real estate industry is de-stocking. However, there is little study on this field. This paper study the games among property developers, home buyers, and government in the period of development and de-stocking, which reveals the relationship between housing stock and real estate development, finds the reason that players make their choice in different situation, lists some policies to solve the problems.
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ACKNOWLEDGMENTS
The research was supported by the Scientific Research Experiment Program for The Trunk Steams Embankment Engineering, Heilongjiang Province: research on the operational management system and mechanism for the Sanjiang governance engineering. The work described in this paper was also funded by the National “Twelfth Five-Year Science & Technology Program (No. 2012BAJ19B03)”.
REFERENCES
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Dixit, A.K. and Nalebuff, B.J. (2010). The art of strategy: a game theorist’s guide to success in business and life, W.W. Norton & Company, New York.
Liu, H.Y., Jiang, P.Y. and Wu, J. (2013). “Inventory, house price fluctuations and enterprise risks: evidence from China’s listed real estate developers.” Journal of Zhejiang University, (1), 43–57. (in Chinese).
Pan, J. and Yin, L. (2010). “A game analysis of all interest subject based on estate market.” Business Economy, (8), 9–31. (in Chinese).
Shen, X.Q. and Wu, C.F. (2015). “Evaluating China’s commodity housing inventory and its digestion.” China Land Sciences, (9), 73–80. (in Chinese).
Shen L. and Wang, Z.H. (2014). “The investigation report of China’s real estate developer.” Financial Development Review, (10), 29–38. (in Chinese).
Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 957 - 962
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
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