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Land-Use Rights in Mainland China: Problems and Recommendations for Improvement

Land-Use Rights in Mainland China: Problems and Recommendations for Improvement The Chinese property market is founded on a land use rights (LUR) system that is based on the Hong Kong leasehold system. It was first tested in the Shenzhen Special Economic Zone. The positive result led to the formal revival of the property market in mainland China in 1990. Coupled with the open-door policy, this new tenure system has brought about marked changes to the real estate environment in mainland China. There has been a number of papers about the LUR system. Among the writers, Walker and Li (1994) have written on “Land Use Rights Reform and Real Estate Market in China.” This article is intended to be an extension to Walker and Li's work and focuses on the problems associated with the LUR system. It concludes with recommendations for improvement. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Real Estate Literature Taylor & Francis

Land-Use Rights in Mainland China: Problems and Recommendations for Improvement

CHAN, NELSON
Journal of Real Estate Literature , Volume 7 (1): 11 – Jan 1, 1999
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Land-Use Rights in Mainland China: Problems and Recommendations for Improvement

Abstract

The Chinese property market is founded on a land use rights (LUR) system that is based on the Hong Kong leasehold system. It was first tested in the Shenzhen Special Economic Zone. The positive result led to the formal revival of the property market in mainland China in 1990. Coupled with the open-door policy, this new tenure system has brought about marked changes to the real estate environment in mainland China. There has been a number of papers about the LUR system. Among the writers,...
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Publisher
Taylor & Francis
Copyright
© 1999 American Real Estate Society
ISSN
1573-8809
DOI
10.1080/10835547.1999.12090075
Publisher site
See Article on Publisher Site

Abstract

The Chinese property market is founded on a land use rights (LUR) system that is based on the Hong Kong leasehold system. It was first tested in the Shenzhen Special Economic Zone. The positive result led to the formal revival of the property market in mainland China in 1990. Coupled with the open-door policy, this new tenure system has brought about marked changes to the real estate environment in mainland China. There has been a number of papers about the LUR system. Among the writers, Walker and Li (1994) have written on “Land Use Rights Reform and Real Estate Market in China.” This article is intended to be an extension to Walker and Li's work and focuses on the problems associated with the LUR system. It concludes with recommendations for improvement.

Journal

Journal of Real Estate Literature – Taylor & Francis

Published: Jan 1, 1999

References

  • Establishing Urban Land Market in the People's Republic of China
  • Benchmark Pricing Behaviour of Land in China's Reform
  • Land Use Rights Reform and Real Estate Market in China
  • The Development Trend of the Chinese Land Market