This document summarizes a presentation about real estate development in China. It discusses China's development model which relies on local governments and developers working with the central government. It also notes the "new normal" of slower economic growth and issues like a housing oversupply. The document outlines the large debts held by Chinese governments and how that money was spent, primarily on city development and transportation. It identifies risks from local governments relying on land sales and opportunities to reuse underutilized land.
China's Subnational Debts: Problems and Suggestions: Liu Shangxi, Research I...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
The estimated contribution of urban area to India’s GDP is approximately 70-75%. Despite the enormous economic contribution, the current state of urban infrastructure is in poor condition. It is estimated that by 2030, an additional $1.2 trillion would be required to provide basic urban services. In this presentation, an attempt has been made to find out the ways to mobilize such a goliath financial requirement. The target audience of this presentation are inter alia urban development and finance professionals, city managers and general public.
China's Subnational Debts: Problems and Suggestions: Liu Shangxi, Research I...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
The estimated contribution of urban area to India’s GDP is approximately 70-75%. Despite the enormous economic contribution, the current state of urban infrastructure is in poor condition. It is estimated that by 2030, an additional $1.2 trillion would be required to provide basic urban services. In this presentation, an attempt has been made to find out the ways to mobilize such a goliath financial requirement. The target audience of this presentation are inter alia urban development and finance professionals, city managers and general public.
The estimated contribution of urban area to India’s GDP is approximately 70-75%. Despite the enormous economic contribution, the current state of urban infrastructure is in poor condition. It is estimated that by 2030, an additional $1.2 trillion would be required to provide basic urban services. In this presentation, an attempt has been made to find out the ways to mobilize such a huge financial requirement. The target audience of this presentation includes inter alia urban development and finance professionals, city managers and the general public.
Behind the spectacular growth of China’s cities lies a potential fiscal crisis. It is unlikely that municipal governments can count on revenues from land leasing as a major, lasting source of finance. Many are under pressure to find alternative sources to finance urban development and infrastructure. This presentation will discuss a confluence of factors underlying the crisis, and explore the alternatives.
Incremental housing micro-finance & land tenure: Case Study of Kixi Casa Angola presented by Allan Cain in Durban, South Africa on August 12, 2013 at the Panel on Housing Microfinance Policy & Practice.
Vibrant Gujarat - Sustainable Development Sector ProfileVibrant Gujarat
"• Improvement of Human Development Index remains the core of the development efforts of Gujarat.
• The Blueprint for Infrastructure in Gujarat 2020 (BIG 2020) is an integrated plan for the state's accelerated, balanced, inclusive and sustainable growth driven by robust social, industrial and physical infrastructure.
Sustainability of Chinese cities: how does the urban growth model matter?Lynn Xu
It discusses the challenges of urban sustainable development in China through a deeper understanding of the prevalent property-led urban development pattern and the dynamic impacts of the real estate's sector on urban economic, environmental and social landscape in China. It also indicates the prospects of eco city campaign, which remains being largely affected/shaped by the property industry.
The estimated contribution of urban area to India’s GDP is approximately 70-75%. Despite the enormous economic contribution, the current state of urban infrastructure is in poor condition. It is estimated that by 2030, an additional $1.2 trillion would be required to provide basic urban services. In this presentation, an attempt has been made to find out the ways to mobilize such a huge financial requirement. The target audience of this presentation includes inter alia urban development and finance professionals, city managers and the general public.
Behind the spectacular growth of China’s cities lies a potential fiscal crisis. It is unlikely that municipal governments can count on revenues from land leasing as a major, lasting source of finance. Many are under pressure to find alternative sources to finance urban development and infrastructure. This presentation will discuss a confluence of factors underlying the crisis, and explore the alternatives.
Incremental housing micro-finance & land tenure: Case Study of Kixi Casa Angola presented by Allan Cain in Durban, South Africa on August 12, 2013 at the Panel on Housing Microfinance Policy & Practice.
Vibrant Gujarat - Sustainable Development Sector ProfileVibrant Gujarat
"• Improvement of Human Development Index remains the core of the development efforts of Gujarat.
• The Blueprint for Infrastructure in Gujarat 2020 (BIG 2020) is an integrated plan for the state's accelerated, balanced, inclusive and sustainable growth driven by robust social, industrial and physical infrastructure.
Sustainability of Chinese cities: how does the urban growth model matter?Lynn Xu
It discusses the challenges of urban sustainable development in China through a deeper understanding of the prevalent property-led urban development pattern and the dynamic impacts of the real estate's sector on urban economic, environmental and social landscape in China. It also indicates the prospects of eco city campaign, which remains being largely affected/shaped by the property industry.
Learning in Chinese Cities: Do Rural Migrants Benefit from Labor Market Agglo...STLLab
Cities facilitate learning and human capital accumulation. In a dense, local labor market, workers can benefit from knowledge spillovers and therefore enhance their productivity. This is supported by many empirical studies from developed countries. Less is known in cities in developing countries. Using micro data from the 2004 manufacturing census and 2005 population census in China, we find that overall workers benefit from labor market pooling and knowledge spillovers in Chinese cities but rural migrants benefit much less than do local urban residents. This is not because rural migrants are low skilled or work in informal sectors. This may be because they lack social network and suffer “double discrimination” for being “rural” and being “migrant.” Our findings suggest that social interactions in cities provide a channel of learning alternative to formal schooling. Our findings also have policy implications on how Chinese cities can become “skilled” during the rapid urbanization process coupled with global competition.
Justifying Chinese Local Government's Land Finance RegimeSTLLab
Land finance has been the engine of the booming Chinese economy for the last twenty years and also the root of the decline of economic growth. The nature of land finance is not revenue for local government. The nature of land finance is debts, and now the engine has stalled. Both increasing cost of land requisition and decreasing demand of property has lead land finance to its end. Since land finance is located in the core of Chinese economic growth, unless a replacement of it is identified, the Chinese economy will lose the dynamic growth of the last two decades. The problem is that we have not fully understood the economic functions of the land finance. However, dual economy theory may help us understand more and find a way out.
China's Housing Development Strategy in the New NormalSTLLab
As China has entered into a new development phase of "balanced transition" (also known as the "new normal"), the housing sector is facing tough challenges in maintaining the previous growth rate. In this turning point, the question of how to cultivate new development strategies for both the government and private sectors represents an urgent task. Dr. Shao's talk will focus on three issues:
1. How to understand the existing market situation;
2. How to evaluate housing policies; and
3. How to design a new strategy for stabilizing the real estate sector.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
16. Government Debt Audit
• 31 provinces
• 291 cities
• 2,778 counties
• 33,091 townships
• 2,454,635 loans
17. Government Debt Audit
• Debts need to be repaid by National and Subnational
governments.
• Debts that governments guarantee repayments if they go
into default.
• Debts that governments have to rescue (repayment
obligations?) if these loans go into default.
18. Government Debts in China
(In trillion Yuen)
Year Level of Government
Central 9.4 50% 2.8 53% 2.2 36% 14.4 48%
2012 Subnational 9.6 50% 2.5 47% 3.8 64% 15.9 52%
Total 19.1 100% 5.3 100% 5.9 100% 30.3 100%
Central 9.8 47% 0.3 9% 2.3 35% 12.4 41%
2013 Sunational 10.9 53% 2.7 91% 4.3 65% 17.9 59%
Total 20.7 100% 2.9 100% 6.7 100% 30.3 100%
Sources: China's National Audit office (2013)
Need to repay
Guarantee
obligations
Rescue
obligations
Chinese Government Debts: 2012 and 2013
Total
19. Subnational Government Debts in China
(In trillion Yuen)
Level of Subnational
Government
Province 1.8 17% 1.6 59% 1.9 43% 5.2 29%
City 4.8 46% 0.7 28% 1.7 39% 7.3 41%
County 4.0 37% 0.3 13% 0.7 17% 5.0 29%
Township 0.03 0% 0.01 0.4% 0.05 1% 0.1 1%
Total 10.6 100% 2.7 100% 4.3 100% 17.6 100%
Sources: China's National Audit office (2013)
Subnational Government Debts as of June 2013
Need to repay
Guarantee
obligations
Rescue
obligations
Total
20. Who borrowed?
(In trillion Yuen)
Type of Entity
Joint Venture 4.1 37% 0.9 33% 2.0 46% 7.0 39%
Gov't Agencies 3.1 28% 1.0 36% 0.0 0% 4.1 23%
Subsidized Companies 1.8 16% 0.1 4% 0.5 12% 2.4 13%
State-owned 1.2 11% 0.6 22% 1.4 32% 3.1 18%
Self-financed 0.3 3% 0.04 1% 0.2 5% 0.6 3%
Public Utilities 0.3 3% 0.01 1% 0.2 4% 0.5 3%
Others 0.1 1% 0.08 3% 0.0 0% 0.2 1%
Total 10.9 100% 2.7 100% 4.3 100% 17.9 100%
Sources: China's National Audit office (2013)
Entities involved in Sbnational Government Debts as of June 2013
Need to repay
Guarantee
obligations
Rescue
obligations
Total
21. For What Purposes?
(In trillion Yuen)
Purposes
City development 3.8 37% 0.5 21% 1.5 36% 5.8 35%
Land banking 1.7 17% 0.1 4% 0.1 2% 1.9 11%
Transportation 1.4 14% 1.3 51% 1.4 34% 4.1 24%
Social housing 0.7 7% 0.1 6% 0.3 7% 1.1 7%
Education 0.5 5% 0.08 3% 0.4 10% 1.0 6%
Irrigation 0.4 4% 0.06 2% 0.1 2% 0.5 3%
Environmental 0.3 3% 0.04 2% 0.1 2% 0.5 3%
Industrial & Energy 0.1 1% 0.08 3% 0.0 1% 0.2 1%
Others 1.2 12% 0.21 8% 0.3 6% 1.7 10%
Total 10.1 100% 2.6 100% 4.1 100% 16.8 100%
Sources: China's National Audit office (2013)
Purposes of Debt Financing
Need to repay
Guarantee
obligations
Rescue
obligations
Total
22. Risks
• Local governments depend on land
leasing revenue to repay their debts. (By
the end of 2012, 11 province, 216 cities,
and 1,396 counties have used future
land revenues as collateral to borrow 3.5
trillion RMB, about 37% of all
subnational debts.)
24. Opportunities
• Re-use under-utilized land and
buildings for:
o innovative startups;
o co-working spaces; and
o co-living spaces.
• new branding strategy—
environment conservation and
cultural preservation.
25. Challenges
• Key stakeholders refuse to work
together.
• Real estate developers may not pay
enough attention to the types of
services demanded by customers.
• New education programs on real
estate management may be
unavailable.
26. Local public
finances
Proposed Land Tenure Reform Strategy
1 2
Ecology and
farmland
preservation and
food security
3
Rural land
tenure
4
Integration of
urban and rural
land markets
Land value
sharing
Rural
leasehold
system
Public land
acquisition
system
Land use
planning
Agricultural
modernization
New town
development
Transport
ation
Incomplete
property rights
houses
Clearly
defined and
secure
leasehold
rights
Gradual legal reforms and policies to stabilize real estate prices
Banking and
real estate
investment
reforms
Land quota
trading system
Alternative
local revenue
sources