Effectiveness Studies For Regulation Of Land Policy Of Hefei

As the government oriented distribution of public housing policy ended in 1998, the market construction for housing was enhanced, and the development of the process is fast. As all know, the growth of economy of China is at a high level for last thirty years and the trend is good, and the urbanization proceeds quickly. For the large strength of real estate industry relating to the national economy, the real estate industry plays a very important role in the economy of China. So whether the development of real estate industry in a healthy, stable, orderly way is not only related to the global economy development of China, but also influences the people's living situations and society stableness.Land has important roles in regulation of the real estate market, for land is a fundamental component of real estate price. In 2003, the land policy became the third method to regulate macroscopically, besides the monetary policy and fiscal policy. Recently, on account of precipitous rise of housing prices,rise of vacancy rates , irrationality of the housing structure in real estate market, the government adjusted to control macroeconomic regulation through land supply policies .This dissertation researched on the effect of land policy on real estate regulation systematically. Several quantitative models were constructed; lots of case studies and empirical studies were done.Based on the transmission mechanism of land policy, through theory and empirical studies, this essay had qualitative analysis of interaction model on land market and the real estate market, the impact of land supply and land sold to the real estate market. Through empirical studies, the paper reviewed land policy of Hefei from 2004 to 2010. Then through Pearson correlation and time correlation analysis, it studies the relation of land supply, real estate investment, land price, new construction area, and completed residential areas between real estate sales floor area and prices. In the end, after studying the land policy of Hong Kong, Japan and Korea, this essay gets a conclusion and provides some suggestions.