Foreign direct investment in China's real estate market

Eddie C.M. Hui; Ka Kwan Kevin Chan

doi:10.1016/j.habitatint.2014.04.007

Foreign direct investment in China's real estate market

Eddie C.M. Hui
, Ka Kwan Kevin Chan

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

32 Citations (Scopus)

Abstract

This paper analyzes the recent trend of foreign direct investment in China's real estate market (FDIRE). It develops a panel regression model to examine the determinants of FDIRE in China. It incorporates a new explanatory variable to test the difference between FDIRE in coastal areas of China and in other areas. Such variable was never incorporated in models of previous studies. The result reveals that GDP per capita and the number of foreign real estate enterprises are the most significant factors affecting foreign investment in China's real estate market. This reflects that China's economic growth and its increasingly open market have a significant contribution to the rising trend in foreign investment in its real estate market. The newly incorporated regional factor COASTAL in the panel regression model shows that FDIRE in China still concentrates in coastal areas. However, there is more investment in those fast growing areas in recent years. It is suspected that FDIRE may overheat China's real estate market. Thus the Chinese government should monitor the real estate market carefully to stabilize the house price. © 2014 Elsevier Ltd.

Original language	English
Pages (from-to)	231-239
Journal	Habitat International
Volume	43
DOIs	https://doi.org/10.1016/j.habitatint.2014.04.007
Publication status	Published - Jul 2014
Externally published	Yes

Bibliographical note

Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 17 Partnerships for the Goals

Research Keywords

China
FDI
FDIRE
Panel regression
Real estate

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10.1016/j.habitatint.2014.04.007

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title = "Foreign direct investment in China's real estate market",

abstract = "This paper analyzes the recent trend of foreign direct investment in China's real estate market (FDIRE). It develops a panel regression model to examine the determinants of FDIRE in China. It incorporates a new explanatory variable to test the difference between FDIRE in coastal areas of China and in other areas. Such variable was never incorporated in models of previous studies. The result reveals that GDP per capita and the number of foreign real estate enterprises are the most significant factors affecting foreign investment in China's real estate market. This reflects that China's economic growth and its increasingly open market have a significant contribution to the rising trend in foreign investment in its real estate market. The newly incorporated regional factor COASTAL in the panel regression model shows that FDIRE in China still concentrates in coastal areas. However, there is more investment in those fast growing areas in recent years. It is suspected that FDIRE may overheat China's real estate market. Thus the Chinese government should monitor the real estate market carefully to stabilize the house price. {\textcopyright} 2014 Elsevier Ltd.",

keywords = "China, FDI, FDIRE, Panel regression, Real estate",

author = "Hui, \{Eddie C.M.\} and Chan, \{Ka Kwan Kevin\}",

note = "Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].",

year = "2014",

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doi = "10.1016/j.habitatint.2014.04.007",

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pages = "231--239",

journal = "Habitat International",

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T1 - Foreign direct investment in China's real estate market

AU - Hui, Eddie C.M.

AU - Chan, Ka Kwan Kevin

N1 - Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].

PY - 2014/7

Y1 - 2014/7

N2 - This paper analyzes the recent trend of foreign direct investment in China's real estate market (FDIRE). It develops a panel regression model to examine the determinants of FDIRE in China. It incorporates a new explanatory variable to test the difference between FDIRE in coastal areas of China and in other areas. Such variable was never incorporated in models of previous studies. The result reveals that GDP per capita and the number of foreign real estate enterprises are the most significant factors affecting foreign investment in China's real estate market. This reflects that China's economic growth and its increasingly open market have a significant contribution to the rising trend in foreign investment in its real estate market. The newly incorporated regional factor COASTAL in the panel regression model shows that FDIRE in China still concentrates in coastal areas. However, there is more investment in those fast growing areas in recent years. It is suspected that FDIRE may overheat China's real estate market. Thus the Chinese government should monitor the real estate market carefully to stabilize the house price. © 2014 Elsevier Ltd.

AB - This paper analyzes the recent trend of foreign direct investment in China's real estate market (FDIRE). It develops a panel regression model to examine the determinants of FDIRE in China. It incorporates a new explanatory variable to test the difference between FDIRE in coastal areas of China and in other areas. Such variable was never incorporated in models of previous studies. The result reveals that GDP per capita and the number of foreign real estate enterprises are the most significant factors affecting foreign investment in China's real estate market. This reflects that China's economic growth and its increasingly open market have a significant contribution to the rising trend in foreign investment in its real estate market. The newly incorporated regional factor COASTAL in the panel regression model shows that FDIRE in China still concentrates in coastal areas. However, there is more investment in those fast growing areas in recent years. It is suspected that FDIRE may overheat China's real estate market. Thus the Chinese government should monitor the real estate market carefully to stabilize the house price. © 2014 Elsevier Ltd.

KW - China

KW - FDI

KW - FDIRE

KW - Panel regression

KW - Real estate

UR - https://www.scopus.com/pages/publications/84899804273

UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-84899804273&origin=recordpage

U2 - 10.1016/j.habitatint.2014.04.007

DO - 10.1016/j.habitatint.2014.04.007

M3 - RGC 21 - Publication in refereed journal

SN - 0197-3975

VL - 43

SP - 231

EP - 239

JO - Habitat International

JF - Habitat International

ER -

Foreign direct investment in China's real estate market

Abstract

Bibliographical note

UN SDGs

Research Keywords

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