Nanchang Residential Land Land Price Monitoring And Analysis Of The Driving Force

Since the reform and opening up, with China’s rapid economic development andpeople’s living standard continuing to improve, people’s awareness toward living spaceand high quality living environment is growing In recent years, along side with thecontinuous development of urbanization, urban residential land has accounted for anincreasing proportion of urban land use. The auction policy concerning land transaction,made in2002, has been fully implemented nationwide in2004.Since then, the land price ofresidential land all the way is rising in an unstoppable way. In order to curb the rising landprices, the government introduced a number of related policies and regulations. Yet, theeffect is not obvious. The factors accounting for the driving force of increasing residentialland price has become a hot issue of concern from all walks of life.The establishment and maintenance of urban land price monitoring system has beenattached great importance by the construction department and other governmentagencies.The urban land price monitoring system can estimate the land price index andtimely grasp of the land price trend in a scientific and reasonable way. Therefore, thisthesis provides a detailed introduction of residential land land price monitoring system ofNanchang city from2008to2011, use the estimates of land price indicators as the basis ofdata, which rendering the study more authentic.The driving force of Nanchang residential land price is divided into the value of landprice and the growth rate of the price level. And the author combines the research literaturefrom the market at home and abroad to summarize the driving force of impact factors.Themain aspects are summarized as follows: living space price, residential land market status,the city’s GDP, the city’s fixed assets investment, national policies and Nanchang localpolicies. This thesis uses qualitative analysis to analyze on the whole the impact of variousfactors on the price level and the land price growth rate, and then uses the method of graycorrelation to analyze the living space price, the condition of the residential land landmarket, the city’s GDP, the city’s investment in fixed assets on Nanchang residential landprice level and the land price growth rate. Since the effect of the policy premium from thequantity or quality can not be obtained or reflected directly, it is not included in thecalculation of the gray correlation degree. The thesis concludes that the main factor ofNanchang’s living land price level lays in the city’s investment-led fixed assets, followedby the city’s GDP, then the total area of land transactions, with housing price ranking last.The rate of residential land premium growth in Nanchang City is price-led, followed by thetotal area of land transactions, then the city’s GDP, and finally the city’s investment in fixedassets. The analysis of land price policy indicates that it takes time for the policies to exertits effect, which requires superposition of a variety of policy to achieve the desired effect.Meanwhile, because of the market economy and macro-control, whether new policiescould be effective as expected is subject to the test of time.