The interplay between real estate prices in Shenzhen, Dongguan and Huizhou

• Main Author: SU, Zhituan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Real estate price; Interplay; Shenzhen; Dongguan; Huizhou; Asian Studies; International Economics
• Online Access: https://ink.library.smu.edu.sg/etd_coll/269; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1269&context=etd_coll
• Institution: Singapore Management University

In recent years, the Chinese government has proposed a national development strategy for the construction of Guangdong-Hong Kong-Macao Greater Bay Area, which has been beefing up the trend of integrated development of Shenzhen, Dongguan and Huizhou, frontiers of the reform and opening up. Among many other topics, the evolution of the real estate prices in Shenzhen, Dongguan and Huizhou has become a front-burner topic. In this dissertation focusing on the real estate price in Shenzhen, Dongguan and Huizhou, we have conducted in-depth analysis of the interplay between the real estate price in Shenzhen, Dongguan and Huizhou from such perspectives as empirical relationship, causes and strategy suggestion. The research mainly consists of the following content: The first is background analysis and literature review, with the purpose of exploring the real estate price in urban agglomerations along the urbanization process, specifically the overall background of the interplay between real estate prices in Shenzhen, Dongguan and Huizhou, and probing into the role of real estate prices as signals in market economy conditions. The second is an in-depth analysis of the interplay between real estate prices in Shenzhen, Dongguan and Huizhou based on statistical data, and build a Granger causality test and a VAR model, leading to the analysis of and discussion on the empirical relationship of the interplay. The third is an analysis of the reasons for the interplay between real estate prices in Shenzhen, Dongguan and Huizhou, including the economic, psychosocial and political reasons, and an exploration and explanation of the mechanism of the interplay between real estate prices in Shenzhen, Dongguan and Huizhou. The fourth is proposal of countermeasures and suggestions specifically for industry, government and resident sectors based on the interplay between real estate prices in Shenzhen, Dongguan and Huizhou, so as to enhance the availability of this research as theoretical reference and practical guidance. Through analysis of empirical relationship and causes, we have drawn several conclusions that, for example, the real estate price in Shenzhen Granger-causes those in Dongguan and Huizhou, and the real estate prices in Dongguan and Huizhou Granger-cause each other, which provide theoretical and practical references for industry development, government intervention and residents’ property investment and buying.