Development of China's Real Estate Market

Hung Gay Fung; Jau-Lian Jeng; Qingfeng “Wilson” Liu

doi:10.2753/CES1097-1475430104

Development of China's Real Estate Market

Hung Gay Fung, Jau-Lian Jeng, Qingfeng “Wilson” Liu

University of Missouri-St. Louis

Research output: Contribution to journal › Article › peer-review

Abstract

Over the past two decades, real estate has evolved from government-controlled to a commercial product, emerging and developing into an important component of China's financial markets. Although the overall gross domestic product (GDP) and income levels have been growing rapidly, the even-faster rising housing costs have exacerbated the problem of housing affordability. Real estate development has become a key factor in China's economic growth, as real estate has become an essential part of the overall functioning of the economy. Recent signs following the global financial crisis suggest that China's real estate market has bottomed and may be on its way to a rebound. In the long run, this market offers lucrative investment opportunities for domestic and foreign investors.

Original language	American English
Journal	The Chinese Economy
Volume	23
DOIs	https://doi.org/10.2753/CES1097-1475430104
State	Published - 2010

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Business

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title = "Development of China's Real Estate Market",

abstract = " Over the past two decades, real estate has evolved from government-controlled to a commercial product, emerging and developing into an important component of China's financial markets. Although the overall gross domestic product (GDP) and income levels have been growing rapidly, the even-faster rising housing costs have exacerbated the problem of housing affordability. Real estate development has become a key factor in China's economic growth, as real estate has become an essential part of the overall functioning of the economy. Recent signs following the global financial crisis suggest that China's real estate market has bottomed and may be on its way to a rebound. In the long run, this market offers lucrative investment opportunities for domestic and foreign investors. ",

author = "Fung, {Hung Gay} and Jau-Lian Jeng and Liu, {Qingfeng “Wilson”}",

note = "Over the past two decades, real estate has evolved from government-controlled to a commercial product, emerging and developing into an important component of China's financial markets. Although the overall gross domestic product (GDP) and income levels have been growing rapidly, the even-faster rising housing costs have exacerbated the problem of housing affordability.",

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doi = "10.2753/CES1097-1475430104",

language = "American English",

volume = "23",

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AU - Fung, Hung Gay

AU - Jeng, Jau-Lian

AU - Liu, Qingfeng “Wilson”

N1 - Over the past two decades, real estate has evolved from government-controlled to a commercial product, emerging and developing into an important component of China's financial markets. Although the overall gross domestic product (GDP) and income levels have been growing rapidly, the even-faster rising housing costs have exacerbated the problem of housing affordability.

PY - 2010

Y1 - 2010

N2 - Over the past two decades, real estate has evolved from government-controlled to a commercial product, emerging and developing into an important component of China's financial markets. Although the overall gross domestic product (GDP) and income levels have been growing rapidly, the even-faster rising housing costs have exacerbated the problem of housing affordability. Real estate development has become a key factor in China's economic growth, as real estate has become an essential part of the overall functioning of the economy. Recent signs following the global financial crisis suggest that China's real estate market has bottomed and may be on its way to a rebound. In the long run, this market offers lucrative investment opportunities for domestic and foreign investors.

AB - Over the past two decades, real estate has evolved from government-controlled to a commercial product, emerging and developing into an important component of China's financial markets. Although the overall gross domestic product (GDP) and income levels have been growing rapidly, the even-faster rising housing costs have exacerbated the problem of housing affordability. Real estate development has become a key factor in China's economic growth, as real estate has become an essential part of the overall functioning of the economy. Recent signs following the global financial crisis suggest that China's real estate market has bottomed and may be on its way to a rebound. In the long run, this market offers lucrative investment opportunities for domestic and foreign investors.

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DO - 10.2753/CES1097-1475430104

M3 - Article

VL - 23

JO - The Chinese Economy

JF - The Chinese Economy

ER -

Development of China's Real Estate Market

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