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eng
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Market and Policy Paper
Author
Description
The purpose of this paper is to clarify the housing acquisition process by providing profiles of residents in Shanghai. A questionnaire was prepared for residents in both public housing and commodity housing to analyze the relationship between the purchase prices of housing units and the annual household incomes of the buyers. The ability to purchase private condominium units depends on whether the purchasers already possess any real properties. In Shanghai, the number of condominiums supplied by private developers has been rapidly increasing in recent years and represented about 40% of the number of households in 2009. However, as these prices are about 9 to 14 times the average annual household income, we believe that a path from renting public housing to owning commercial housing, which was a relocation process commonly witnessed in the 1980s in Japan, is considerably difficult to be followed by regular residents in Shanghai.
Subject
Shanghai
Housing Commodification
Housing Affordability
Residential Relocation
Gong Fang (public housing)
Shang Pin Fang (commodity housing)
Journal Title
International Real Estate Review
Volume
17
Issue
3
Start Page
1
End Page
30
ISSN
10296131
Published Date
2014
NCID
AA11574798
Publisher
Asian Real Estate Society
NII Type
Journal Article
Format
PDF
Rights
Asian Real Estate Society
Text Version
著者版
Gyoseki ID
e24388
e29624
OAI-PMH Set
Faculty of Law and Literature
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