Effects of land supply policy on the real estate market in Guangzhou
ABSTRACT
China's real estate industry has experienced from the planned economy to the housing allocation system to the market system transition process, the real estate market from scratch, from weak to strong, never norms to gradually improve the rapid growth. The real estate industry has become the pillar industry of national economy. In 2003, the Chinese government for the first time the land policy in the macro-control, together with fiscal policy, monetary policy and effective regulation of the balanced development of China's macro economy. The launch of this control means, to curb the overheated economy in local region of China as well as the overheated real estate investment played a certain role. The supply of land is the key and foundation of the real estate market, and land management and real estate development is the key link, coordinated, orderly, healthy development of land market and real estate market. This paper will take the Guangdong real estate market as an example, effects of land supply policy on the real estate market.
Key words: Land supply policy; Guangzhou; real estate market;effect