International Conference on Construction and Real Estate Management 2018
The Fluctuation Research of Chinese Regional Real Estate Cycle from 1996 to 2015
Publication: ICCREM 2018: Analysis of Real Estate and the Construction Industry
ABSTRACT
The real estate industry has become the backbone of the national economy, plays an important role in China’s economic and social life. Eastern China is one of the most economically dynamic regions and the most active regions in the real estate market. This study was aimed at analyzing the phases, fluctuation patterns, and other features of the real estate cycle in eastern China. Selected per country’s fixed asset investment, real estate investment completed, real estate self-financing, etc. 8 indexes to establish an index system of real estate cycle. Hodrick-Prescott filter method and principal component analysis were given to analyze real estate cycle fluctuation empirically in eastern China from 1996 to 2015. Results indicate that from 1996 to 2015 the real estate industry in eastern China has experienced two typical cycles as 1997-2003 and 2009-2015. Combined with analysis of policy factors, it shows that real estate cycle in eastern China remains significant features of policy cycle.
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Published In
ICCREM 2018: Analysis of Real Estate and the Construction Industry
Pages: 91 - 97
Editors: Yaowu Wang, Professor, Harbin Institute of Technology, Yimin Zhu, Professor, Louisiana State University, Geoffrey Q. P. Shen, Professor, Hong Kong Polytechnic University, and Mohamed Al-Hussein, Professor, University of Alberta
ISBN (Online): 978-0-7844-8174-5
Copyright
© 2018 American Society of Civil Engineers.
History
Published online: Aug 8, 2018
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