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Qualitative Effect Analysis of Chinese and South Korean Housing Policies: Taking the Policy on Stimulating Market, Stabilizing Price and Refraining Speculation as Examples

In: Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Hyungu G. Roh

    (College of Public Administration, Zhejiang University)

  • Cifang F. Wu

    (College of Public Administration, Zhejiang University)

Abstract

The aim of this study is to numeralize and calculate indicators of stimulating market and stabilizing housing price, refraining speculation policies issued between 1998 to 2009 in China and Korea, and then to compare and determine implementation effects of these two housing policies based on the change of indicators. Qualitative research method, comparative analysis and descriptive statistic method were employed and the following main conclusions were obtained: (1) before 2008, the stimulating housing market policies of Chinese and Korean had effects on completed housing area, traded area and completed home unit rate; (2) from 2005 to 2006, in order to stabilize housing price and refrain speculation, the housing policy adopted by China government had effects on the housing trading price and selling price of residential land of Shanghai, subsequently, policy effect gradually disappeared; (3) from 2002 to 2004 and after 2007, the housing policy adopted by Korea government had effects on the housing trading price and selling price of residential land of Seoul as well; (4) during the same period, Chinese and Korean government used different policy means to cope with problems.

Suggested Citation

  • Hyungu G. Roh & Cifang F. Wu, 2015. "Qualitative Effect Analysis of Chinese and South Korean Housing Policies: Taking the Policy on Stimulating Market, Stabilizing Price and Refraining Speculation as Examples," Springer Books, in: Liyin Shen & Kunhui Ye & Chao Mao (ed.), Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, edition 127, chapter 0, pages 531-545, Springer.
    • Handle: RePEc:spr:sprchp:978-3-662-46994-1_44
    DOI: 10.1007/978-3-662-46994-1_44
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