Shanghai Real Estate Development Research

During the nearly twenty years' process of real estate industry in Shanghai, there has been rapid development and significant progress in Shanghai's market of real estate with the rapid development of national economy, perfection of consumption structure, increase of people's income and the constant improvement of marketlization of real estate market. There have been great progresses in the indexes of investment, construction, market, economic contribution and employees.This essay aims to analysis the development process of Shanghai's real estate industry and its future trend, and to explore the rule of real estate industry through methods of comparing international cities by their development, including New York, Tokyo, Singapore, Hong Kong and Taibei. On this basis, it combines the extude conflicts and problems in Shanghai's current real estate market, and therefore raises some policy suggestions to improve the healthy development of real estate industry in Shanghai.The main points of view are as follows:â… . Shanghai is now still under a rapid development process of real estate industry. Taibei, Tokyo and New York City have experienced the entire periodic process of real estate. Tokyo and New York City can be regarded as in the mature stage, while Taibei can be regarded as in the process of becoming mature when in 1880s. Now Shanghai is in a rapid development.â…¡. During the different stages, the impacts of income to the housing prices are also different. The gaps of income level can be regarded as a standard of economic development. The relationship of real estate development and economic circle and be work out through the prices of real estate and income level. Chinese people's income includes "gray income", which most of us are not familiar with. Such incomes from the government are as the welfare-oriented public housing distribution, the relocation, and incomes from relations' help. So it is also a main point in researching the Shanghai people's income.â…¢. The rising exchange rate has the push power to housing prices. Comparing from other international cities, after the release of exchange rate estimate value, the economy situation will be paused for long time, while real estate industry will also decrease and not performed as dominant industry. If the policy is correct, real estate industry in Shanghai will develop steadly.IV. To improve the double-track development mode of both indemnificatory and commodity of housing. Combined with the development experience of international cities, Shanghai should develop the indemnificatory housing under government guiding, while decrease the dealing cost of commercial housing. Such mode seperates the housing into two systems of commercial and public housing. The core of commercial housing is efficiency, and the core of public housing is fair. Only by handling the relationship between government and market can improve the healthy development of real estate industry in Shanghai.