Chapter 8: How to Look at Housing Market Fluctuations

1. Total population and structural changes have a major impact on cyclical fluctuations of housing market

2. Financial policies especially adjustment of interest rate policies exert crucial impact on short-term fluctuations of housing market

3. Cyclical changes of economy have important effects on cyclical fluctuations of housing market

4. Supply-demand imbalance of housing market will heighten short-term market fluctuations

Chapter 9: China Could Avoid Hard Landing of Housing Market

1. Basic law relating to overseas housing market hard landing

2. Four features of China's housing market in the current stage

3. China boasts favorable macro conditions to avoid hard landing for housing market

4. Policy options for promoting necessary adjustment of housing market and avoiding hard landing

Chapter 10: Estimation of Low-Income Housing Demand for China's Urban Households

1. By the end of the "Eleventh Five-Year Plan" period, low-income housing demand of urban households was generally met with to some extent and the benchmark for low-income housing was not standardized

2. During the "Twelfth Five-Year Plan" period, the newly-added 36 million government-subsidized housing units could generally meet urban households' newly-added demand for low-income housing by the end of the "Twelfth Five-Year Plan" period

3. During the "Twelfth Five-Year Plan" period, permanent urban households without urban residency were the major group for newly-added low-income housing

4. By the end of the "Twelfth Five-Year Plan" period, housing demand of people between the age of 20 to 39 for government-subsidized housing exceeded 20 million units, accounting for around 44 per cent of the total demand

5. During the "Thirteenth Five-Year Plan" period, permanent urban households without urban residency will remain the main group for low-income housing, and the main approach is to make good use of existing government-subsidized housing units and provide housing allowance

Chapter 11: Analysis of the Reason for Relatively High Profit Margins of the Housing Industry

1. Profit margins of domestic housing industry tend to be high in recent years

2. Analysis of the reasons why China's housing market has relatively high profit margins

3. Policy options for transforming the development model of housing industry

Chapter 12: Lessons and Implications Drawn from Germany in Keeping a Long-Term Low Housing Price

1. Basic information about Germany's housing price fluctuations for the past half century

2. Analysis of the reasons for Germany's long-term low housing price

3. Implications drawn from Germany's experience and relevant policy options

Chapter 13: Status Quo of China's Housing Taxation, Problems and Policy Options

1. Profile of China's housing taxation

2. Problems with China's housing taxation system

3. Review of and comments on China's regulation policies for housing taxation since 2003

4. Policy options on improving housing taxation system and regulations

Chapter 14: Accelerate the Improvement of Housing Legal System and Promote the Sound Development of Housing Market in an Orderly Manner

1. A sound and stable housing market development demands the swift improvement of relevant legal system

2. Experience drawn from foreign countries' housing legal system and the related legal regulations

3. Main problems in China's housing legal system

4. Policy options

References