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Abstract
20 years have passed since refoITnS and the open policy began to be carried out in China.
In the process ofeconomic change from traditional planned type to modem market one,the
real estate of our country develops rapidly and til|now the follow-up effect is continuing
A number of estate companies have emceed as the times demand Both lease of 1and and
development.sale of commercial housing property have made a historic record However,
the appearance of vacant estate started to hinder the further development of estate industry
The vacant commercial housing property had covered 78.83 m川ion square metres and
sunk cost had added up to 140 billion yuan by the end of 1998 This paper approaches the
right way to solve the problem of vacant estate so as to remain sustained,stable
development of estate market Comparing the situation in China with that ln other countrics,
the author analyzes the phenomenon of vacant estate in our country and attempts to find out
an ideaI resolution ofthis problem The Daper can be divided into 5 chapters
Chapter I:Introduction In this chapter the author reviews the history of commercial
housing property in our country and the source of vacant estate He also objectively
analyzes the influence ofvacant estate on the development ofestate industry
Chapter 2:The reason of occuiTcnce of vacant estate How the problem of vacant estate
occurs is the focus of this chapter The case is studied from macro and micro angles
Besides,there is further analysis in respect of the relation between supply and demand
Here the author sums up several reasons,such as inconstant lease of land,extra profit
earned by estate investor,the defect ofestate market,the raise ofestate’s price and so on
Chapter 3:The measure of reducing vacant estate On base of chapter 1 and chapter 2
and from his own experience,the author gives some advice in respects of furthering
housing system ref.om.developing the estate market.making the housing financing system
perfect,and so on
Chap
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