ABSTRACT
This chapter focuses on real estate investment and covers investment in housing land, housing development, housing, and housing management. It then examines the regulatory constraints on land banking, the crackdown on land hoarding, developer's approaches to building land banks and local government land reserves. The chapter then examines housing development through the development process: land bidding, housing design and marketing, and housing management. Land price inflation in the last 30 years has made urban land in China an attractive investment. Investment is then described with a case study on the rise and eventual failure of speculative housing investment by a city. The last selling point in contemporary property development is good property management in normally gated communities. The China Property Management Institute (CPMI) compiled the Standards on Property Management Services Classes for Ordinary Housing, which divides services into six categories: basic services, building management, facilities management and maintenance, security, cleaning, external work and landscaping.
