In this paper we demonstrate that price-to-income ratio （PIR） is the most precise indicator of measuring bubble levels in China＇s urban hoasing market under current conditions. We have built a model to measure the ...In this paper we demonstrate that price-to-income ratio （PIR） is the most precise indicator of measuring bubble levels in China＇s urban hoasing market under current conditions. We have built a model to measure the reasonable PIR ceiling. Based on current mortgage rates, loan terms and down payment ratios, we conclude that the reasonable PIR for China ＇s urban residents should lie between 4.38-6.78 and should not exceed 7. 7hen, using statistical data, we calculate current PIR in China ＇s major cities. With reference to proper PIR, we conclude the existence of bubbles in China ＇s urban housing market; in particular, bubbles hace grown enormously large in some first-tier cities, which pose a huge financial risk. Based on the above analysis, we propose some policy suggestions to carefully deflate the bubbles in these housing markets.展开更多
Crime is often associated with urban development as urban areas tend to be at greater risk security-wise as compared with other areas. This is the reality of an increasing population crowding into the cities, and fome...Crime is often associated with urban development as urban areas tend to be at greater risk security-wise as compared with other areas. This is the reality of an increasing population crowding into the cities, and fomenting crime in the process. The physical design of the environment also contributes to the escalating crime rate, resulting in fear and anxiety among the residents. The ＂Safe Township＂ concept is an approach to resolving the issue of security in urban areas. It is an agenda within the concept of liveable cities that focuses principally on the problems of urban security. The development of properties within the concept of Gated Community housing is considered a step towards protecting residents in a residential area. The development of fenced Gated Community housing equipped with full-time security facilities is among the strategies in implementing the concept of the Safe Township. This paper discusses the security features in the Gated Community housing development as measures to combat crime in line with the implementation of the Safe Township concept. This study adopts an investigative methodology that combines theory with case studies. The compilation of data was made through literature search, interviews with representatives from the Town Planning Department and data were also collected through observations of Gated Community housing schemes in Johor Bahru.展开更多
文摘In this paper we demonstrate that price-to-income ratio （PIR） is the most precise indicator of measuring bubble levels in China＇s urban hoasing market under current conditions. We have built a model to measure the reasonable PIR ceiling. Based on current mortgage rates, loan terms and down payment ratios, we conclude that the reasonable PIR for China ＇s urban residents should lie between 4.38-6.78 and should not exceed 7. 7hen, using statistical data, we calculate current PIR in China ＇s major cities. With reference to proper PIR, we conclude the existence of bubbles in China ＇s urban housing market; in particular, bubbles hace grown enormously large in some first-tier cities, which pose a huge financial risk. Based on the above analysis, we propose some policy suggestions to carefully deflate the bubbles in these housing markets.
文摘Crime is often associated with urban development as urban areas tend to be at greater risk security-wise as compared with other areas. This is the reality of an increasing population crowding into the cities, and fomenting crime in the process. The physical design of the environment also contributes to the escalating crime rate, resulting in fear and anxiety among the residents. The ＂Safe Township＂ concept is an approach to resolving the issue of security in urban areas. It is an agenda within the concept of liveable cities that focuses principally on the problems of urban security. The development of properties within the concept of Gated Community housing is considered a step towards protecting residents in a residential area. The development of fenced Gated Community housing equipped with full-time security facilities is among the strategies in implementing the concept of the Safe Township. This paper discusses the security features in the Gated Community housing development as measures to combat crime in line with the implementation of the Safe Township concept. This study adopts an investigative methodology that combines theory with case studies. The compilation of data was made through literature search, interviews with representatives from the Town Planning Department and data were also collected through observations of Gated Community housing schemes in Johor Bahru.
