Analysis on the Evaluation of Suburban Real Estate Investment Environment <br/>—Taking Guangzhou as an Example
- 1 Jinan University, Guangzhou, China
Abstract
With the acceleration of China’s urbanization, urban development has entered a new period of evolution, and suburbanization has become an important manifestation of this period. The suburbanization of real estate is an important form of urban suburbanization. It is a coordinated way of land use, population and transportation problems in the city center. It is embodied in real estate enterprises’ investment in suburban real estate. Investment is an activity in which both income and risk coexist. Therefore, this paper selects the first-tier city of Guangzhou as the research object, and builds the evaluation index system and uses the principal component analysis method to comprehensively evaluate the real estate investment environment in the suburbs of Guangzhou. The analysis shows that the real estate market environment and infrastructure environment in the suburbs of Guangzhou are superior. The population and economic environment are hindered by the inherent attributes of urban development. At this stage, it is impossible to make great er adjustments. The conclusion shows that the comprehensive investment environment of real estate in the suburbs of Guangzhou is superior. As long as the government pays attention to the planning of suburban land use, the management of real estate investment types and the improvement of urban transportation system, suburban real estate investment can alleviate the problems in the city center.
- Xiu, D., Lu, P. and Yan, B. (2013) The Suburbanization Characteristics of Real Estate and Its Development Model—Taking Beijing as an Example. Real Estate Development, 4, 24-30. https://doi.org/10.1080/028418501127346846
- Fielding, A.J. (1989) Migration and Urbanization in Western Europe since 1950. The Geographical Journal, 155, 60-69. https://doi.org/10.2307/635381
- Lawrence, T. and Yezer, A.M.J. (1994) Causality in the Suburbanization of Population and Employment. Journal of Urban Economics, 35, 105-118. https://doi.org/10.1006/juec.1994.1006
- Walker, R. (2001) Industry Builds the City: The Suburbanization of Manufacturing in the San Francisco Bay Area, 1850-1940. Journal of Historical Geography, 27, 57. https://doi.org/10.1006/jhge.2000.0268
- Kellerman, A. (1985) The Suburbanization of Retail Trade: A U.S. Nationwide View. Geoforum, 16, 15-23. https://doi.org/10.1016/0016-7185(85)90003-X
- Buckner, H.T. and Palen, J.J. (1976) The Urban World. Contemporary Sociology, 5, 832. https://doi.org/10.2307/2063174
- Muller, E.K. (2001) Industrial Suburbs and the Growth of Metropolitan Pittsburgh, 1870-1920. Journal of Historical Geography, 27, 58-73. https://doi.org/10.1006/jhge.2000.0269
- Mills, E.S. and Price, R. (1984) Metropolitan Suburbanization and Central City Problems. Journal of Urban Economics, 15, 1-17. https://doi.org/10.1016/0094-1190(84)90019-6
- Oron, Y., Pines, D. and Sheshinski, E. (1974) The Effect of Nuisances Associated with Urban Traffic on Suburbanization and Land Values. Journal of Urban Economics, 1, 382-394. https://doi.org/10.1016/0094-1190(74)90002-3
- Zhou, Y. (1999) It Is Necessary to Take Advantage of the Suburbanization of the City. Urban Planning, 4, 13-18.
- Liu, B. and Zheng, L. (2004) Characteristics and Dynamic Mechanism of Suburbanization of Chinese Cities. Journal of Theory, 10, 68-70.
- Wu, G. and Liu, J. (2000) Comparison of Suburbanization of Chinese and Foreign Cities. Urban Planning, 8, 36-39.
- Shi, C. (2006) Discuss the Suburbanization of Chinese Cities. Theory, No. 2, 11-12.
- Liu, X. and Ai, G. (2016) Does FDI Promote the Suburbanization of Chinese Cities—An Empirical Test Based on Satellite Night Light Data. Financial Research, No. 6, 52-62.
- Chen, Z. and Fang, L. (2002) The Suburban Real Estate Industry Needs to Develop Moderately in the Process of Urban Suburbanization. Economic Frontiers, No. 3, 40-42.