Study On The Relationship Between Regional Urbanization And Real Estate Industrial Development

As a symbol for civilization, a city becomes the center of economy, politics and social lifefor human beings. The degree of urbanization measures weightily for a country or a region thelevel of economy, society, culture and technology as well as the degree of social organization andthe level of management. Meanwhile, real estate industry plays an active role to enhance livingstandards, improve industry structure, enlarge employment and promote urbanization. In a sense,real estate industry is the supporter for urbanization, and the progress of urbanization and thedevelopment of real estate industry complement each other, so it requires a synchronous andharmonious development for both sides. Therefore, it turns to be the focus for both thedecision-making section in the government and the academic circle on how to integrate theprocess of urbanization and the healthy development of real estate industry to coordinatedevelopment strategies and policy measures for real estate industry with guidelines forurbanization so that the urbanization can be steadily promoted and real estate industry cansustain a healthy development.This paper is designed to make clear the evaluation index for the level of regionalurbanization and the development of real estate industry by means of theoretical research so as toestablish a comprehensive evaluation and analysis system for urbanization and real estateindustrial development. Based on this, it carries on a statistical analysis and an empirical study ofrelevant data in Hebei province for recent years. Thus it explores the internal relationshipbetween the level of regional urbanization and the development of real estate industry, revealsthe influence mechanism of regional urbanization on real estate industry, and then puts forwardcountermeasures for the coordinated development of both sides.The paper is mainly contributed and innovative in the following four aspects:(1) By means of the theoretical and empirical study, it has established an evaluation modeland an index system for regional urbanization, and obtains an optimized evaluation model andthe final evaluation index by examining the model according to the index data from2001to2010in Hebei province. With the exploratory and confirmatory factor analysis of the data of20observation indexes for early urbanization during recent ten years, an evaluation system including13secondary indexes has been finally established, divided into four first-level indexes:economic development, social resources, quality of life and public service, which has developedinto an evaluation model for regional urbanization with sound reliability and validity.(2) By means of the theoretical and empirical study, it establishes an evaluation model andan index system for real estate industrial development, and obtains an optimized evaluationmodel and the final evaluation index by examining the index data from2005to2010in Hebeiprovince. With the exploratory and confirmatory factor analysis of the data of20observationindexes for early real estate industry during recent six years, an evaluation system including11secondary indexes has been finally established, divided into three first-level indexes:development scale, balanced development, and land management, which has developed into anevaluation model for real estate industrial development with sound reliability and validity.(3) Through the empirical study, it has examined the difference for regions in Hebeiprovince in the process of urbanization and the development of real estate industry, uncoveredthe internal and external factors for regional difference and brought forward strategies forprovincial strategy planning and balanced development. By adopting the established evaluationindex system and factor score, it has made a comprehensive evaluation of the urbanization andthe development level of real estate industry for Hebei province and the whole country, making acluster analysis according to the regional difference of development and making a contrastiveanalysis for the trends according to the development level of Hebei Province and the nation.Based on this, it draws a conclusion for the development direction of the overall urbanizationand real estate industry, and the development countermeasure for all regions in Hebei province.(4) Through the empirical study, it examines the inner relationship between regionalurbanization and the development of real estate industry, and proposes measures for coordinateddevelopment between urbanization and real estate industry. Based on document research andresearch results from the evaluation model, taking Hebei province as an example, it formulates aresearch hypothesis on the relationship between urbanization and real estate industrialdevelopment, including the relational assumption between variables and factors for urbanizationand variables for real estate industrial development, and the relational assumption betweenvariables and factors for urbanization and factors for real estate industrial development. Bymaking a correlation analysis, a regression analysis and an analysis of structural equation modelfor index data of urbanization and real estate industrial development in Hebei province from2005to2010, it has tested all of the research hypotheses, and on account of results from thehypothesis test, proposed management countermeasures for coordinated development betweenurbanization and real estate industry.