打印

作者

来源

HABITAT INTERNATIONAL,Vol.66,P.117-124

语言

英文

关键字

Development sites; China; Real estate transaction activity; Property development; Global context; PROPERTY-DEVELOPMENT INDUSTRY; SUSTAINABLE URBAN-DEVELOPMENT; LAND-USE CHANGE; CHINESE CITIES; GOVERNMENT INTERVENTION; METROPOLITAN REGION; ECONOMIC-GROWTH;

作者单位

[Newell, Graeme] Univ Western Sydney, Sch Business, Sydney, NSW, Australia. [McGreal, Stanley] Univ Ulster, Sch Built Environm, Coleraine, Londonderry, North Ireland. Newell, G (reprint author), Univ Western Sydney, Sch Business, Sydney, NSW, Australia. E-Mail: g.newell@uws.edu.au; ws.mcgreal@ulster.ac.uk

摘要

This paper examines the significant contribution that development sites make to total real estate transaction activity at a global, regional and country-specific level over 2007-2014. By assessing over 216,000 major real estate transactions worth in excess of $6.35 trillion, development sites are shown to account for over $2.0 trillion or 31.6% of global real estate transaction activity. Regional and country differences are highlighted, particularly in the Asia-Pacific emerging real estate markets, with the significance of development sites in China specifically highlighted. The analysis shows that China accounted for $1.6 trillion in development site transactions or 80% of development site transaction activity globally over 2007-2014, with development sites in China being a key catalyst to providing the urban infrastructure and fabric for China's future economic growth. (C) 2017 Elsevier Ltd. All rights reserved.