[1] Wang Yanshu, Cheng Hu, Xu Pengfu, et al. Cyclical fluctuations of real estate investmentacross regions in urban China [J]. Journal of Southeast University (English Edition), 2008, 24 (2): 228-233. [doi:10.3969/j.issn.1003-7985.2008.02.021]

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Cyclical fluctuations of real estate investmentacross regions in urban China()

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Journal of Southeast University (English Edition)[ISSN:1003-7985/CN:32-1325/N]

Volumn:

24

Issue:

2008 2

Page:

228-233

Research Field:

Economy and Management

Publishing date:

2008-06-03

Info

Title:

Cyclical fluctuations of real estate investmentacross regions in urban China

Author(s):

Wang Yanshu¹;  2;  Cheng Hu¹;  Xu Pengfu¹

¹ School of Civil Engineering, Southeast University, Nanjing 210096, China
² Department of Civil Engineering, Yancheng Institute of Technology, Yancheng 224003, China

Keywords:

real estate investment;  ARMA model;  spectral analysis;  cycle of investment

PACS:

F293.35

DOI:

10.3969/j.issn.1003-7985.2008.02.021

Abstract:

Taking the concrete conditions of each region into full consideration, the Chinese real estate market is divided into an eastern market, a central market and a western market.For each market, the autoregressive integrated moving average(ARMA)model is established and spectral analysis is carried out to better understand the changes in the real estate markets in each region.The results show the investment levels and several kinds of cycles within each market.The level of real estate investment(LREI)in the eastern region is the highest, and the short cycle of investment is about 4 to 5 years;the LREI in the central region is in the middle, and the short cycle of investment is about 2 to 3 years;the LREI in the western region has been rapidly increasing in recent years, and the short cycle of investment is about 4 to 5 years.Real estate investment in each area has reached a peak and completed a middle-cycle movement after a period of sustained recession and an upsurge process, which has taken about 9 to 10 years.

References:

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Memo

Memo:

Biographies: Wang Yanshu(1963—), male, graduate;Cheng Hu(corresponding author), male, doctor, professor, pmri@seu.edu.cn.
Citation: Wang Yanshu, Cheng Hu, Xu Pengfu.Cyclical fluctuations of real estate investment across regions in urban China[J].Journal of Southeast University(English Edition), 2008, 24(2):228-233.

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