Wong, F K W and Kong, L S P (1998) Marketization of state-owned housing in China: Comfortable housing project in Beijing. Journal of Financial Management of Property and Construction, 3(1), pp. 27-42. ISSN 1366-4387
Abstract
The creation of a housing market has long been an objective of urban housing reform in China since 1978. In 1995, the first nationwide housing programme "National Comfortable Housing Project" (The Project) was introduced. A prime objective of the Project is the sale of state-owned housing with the aim to recoup housing investment from the individual households. Major cities such as Beijing, Shanghai, Tianjin, Chengdu and Guangzhou have started the Project. This paper aims to identify problems associated with the new housing programme. Although the Project signifies a milestone of urban housing reform, obstacles such as the work unit system and low affordability are hindering the development of the Project. This paper examines the background of the Comfortable Housing Project. Questions relating to the parties involved in the new housing project and the relationship among developers, local government, work units and the individuals will be explored. Problems encountered by the households and difficulties of implementation which may lead to inequalities will be discussed. Finally, recommendations which demonstrate the means to achieve the objective of the Project will be explained.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | China, comfortable housing, marketization, affordability, housing finance |
| Index terms: | household, housing reform, housing, inequality, Beijing, Shanghai, affordability, programme, China, local government, implementation, housing project |
| Subjects: | project controls, Geography, sociology, housing and residential development, demography, construction type, administrative law, economic analysis, analytical methods, contractual arrangements |
| Topics: | Urban Studies, Time Control, Legal Issues, Geographical Context, Construction Technology, Procurement, Business Strategy, Ethics |
| Descriptive scope: | 2 PC |
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