Research On The Residential Properties’ Trading Price Evaluation Model In The Harbin Market

From2010till now, more and more data is suggesting, that as a special kind of Merchandise, the trading price of residential properties keeps rising continuously. The huge need of the valuation of residential properties requires a method which is convenient, efficient, fair, and objective. At the same time, this method should be able to process a certain amount of data. In order to benefit people’s livelihood, ensure the order of the real estate market, stabilize the growth of real estate market, the Chinese government is preparing to apply the same policy as Western countries, which is evaluate the trading value of residential properties with an accurate and reliable way. Therefore, according to the result of evaluation, the Chinese government could impose real estate tax to the properties which are in the trading market. In2011, the State Council of the People’s Republic of China and the State Administration of Taxation of the People’s Republic of China released the policy paper of imposing tax to the trading of residential properties, based on evaluation prices to these properties. Shanghai and Chongqing became the first two cities to trail this new policy. The adoption of this new real estate tax policy is supposed to come with the increasing need of the evaluation of the residential properties. However with this huge amount of need, it is not possible to evaluate each property, due to the innumerable amount of work accordingly. In this circumstance, the application of mass processing evaluation method is indispensable. In China, the majority of cities are middle sized, in this paper, Harbin is chose as an example to examine the method mentioned before. In the meantime, due to the lack of research in relating area in Harbin, this paper can also enrich the empirical studying. In practical, on one hand, this study is able to provide a theoretical reference to decision-making departments, both in Harbin and other middle size cities. On the other hand, the research of real estate tax is also improving the reformation of the Chinese tax policy.Through the reviewing of relating studies form both inside and outside of China, this thesis focused on building the valuation model, this is also the most imperative part of the evaluation process. Data of different factor that may affect the residential properties’price is collected and analyzed, which resulted in a reliable model. The model is also verified and adjusted, based on the specific situation of Chinese real estate market. This paper also provide measures which may resolve problems in administration, technique, and dispute solving aspect, therefore to assure the model is feasible practically.