China’s Housing Reform and Outcomes
“This book provides a unique evaluation of the most sweeping, swift, and successful housing policy reform ever conducted in any country. It is indispensable for any professional involved in housing policy. Having succeeded in eliminating the chronic housing shortages of the past, Chinese policy makers are now confronting a new challenging phase: how to prevent housing bubbles.”
— Alain Bertaud, Urban Planner and Independent Consultant, Glen Rock, New Jersey
This in-depth volume explains China's residential construction boom and reviews how some estbliashed trends are likely to challenge its housing market in coming years. It draws on household surveys and public data in China and provides important lessons about housing policy for China and other countries.
About the Editor
Joyce Yanyun Man was founding director of the Peking University–Lincoln Institute Center for Urban Development and Land Policy in Beijing from 2007 to 2013.
“With its unique blend of hard-to-find data, innovative empirical work, and deep institutional analysis, this well-crafted volume will be the standard English reference on China's housing market for the foreseeable future.”
— Stephen Malpezzi, Professor and Academic Director, James A. Graaskamp Center for Real Estate, Wisconsin School of Business, Madison
“The urban transformation in China during the 15 years since housing markets have been privatized is astonishing. This volume surveys the recent liberalization of government policy, providing detailed analyses of local housing markets and fiscal outcomes. International and local experts evaluate distributional issues and analyze the housing problems of urban dwellers and rural migrants. The authors draw important lessons about housing policy for China, for other developing economies, and for developed countries as well.”
— John M. Quigley, I. Donald Terner Distinguished Professor, University of California, Berkeley