Volume 4, Issue 3, September 2019, Page: 107-112
Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China
Yingjun Duan, School of Politics and Public Administration, Shanxi University, Taiyuan, P. R. China
Received: Aug. 7, 2019;       Accepted: Aug. 30, 2019;       Published: Sep. 20, 2019
DOI: 10.11648/j.jbed.20190403.15      View  30      Downloads  8
With the deepening of the population aging and the growth of the economy in China, the demand for improving the lives of the elderly groups is increasing, and the prospects of the old-age industry, especially the real estate market for the old-age, are bright. Small and medium-sized enterprises (SMEs) play an important role in promoting the development of the old-age real estate. The development of the old-age real estate for SMEs is not only conducive to the healthy development of the old-age real estate market, but also conducive to the middle and low-income elderly to enjoy high-quality and convenient old-age services. The method adopted in this paper is mainly to compare the modes that SMEs can adopt in the three links of development, financing and operation of the old-age real estate, to calculate the costs and benefits of various modes, and to analyze their advantages and disadvantages. The types of enterprises suitable for various modes are also discussed. The conclusion of this paper is that for different links, SMEs should adopt different modes in the process of developing old-age real estate. In terms of development mode, SMEs should choose to cooperate with service agencies because SMEs have weak capital strength and risk tolerance, narrow financing channels and less market resources. In terms of financing mode, SMEs should choose government-enterprise cooperation because it can reduce the development cost, especially the cost of land, also can obtain policy support and administrative approval convenience. In addition, this mode can well reflect the profitability and welfare characteristics of the old-age real estate and can achieve social spillover benefits. In terms of operation mode, SMEs should choose only construction but not operation so as to avoid the risks brought by the latter operation.
SMEs, Old-age Real Estate, Business Mode, BOT, PPP
To cite this article
Yingjun Duan, Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China, Journal of Business and Economic Development. Vol. 4, No. 3, 2019, pp. 107-112. doi: 10.11648/j.jbed.20190403.15
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Edward Glaeser, Wei Huang, Yueran Ma, Andrei Shleifer. (2017). A Real Estate Boom with Chinese Characteristics. The Journal of Economic Perspectives, 31 (1): 93-116.
J. Albert Cao, Ramin Keivani. (2018). Risks in the Commercial Real Estate Markets in China. Journal of Real Estate Literature, 16 (3): 363-383.
Yongqiang Chu, Tien F. Sing. (2016). Inflation Hedging Characteristics of the Chinese Real Estate Market. The Journal of Real Estate Portfolio Management, 10 (2): 145-154.
Graeme Newell, K. W. Chau, S. K. Wong, Keith McKinnell. (2015). Dynamics of the Direct and Indirect Real Estate Markets in China . The Journal of Real Estate Portfolio Management, 11 (3): 263-280.
Andy Krause, Clifford A. Lipscomb (2016). The Data Preparation Process in Real Estate: Guidance and Review . Journal of Real Estate Practice and Education, 19 (1): 15-42.
Liu Jinge (2016). Research on integration of massive information resources of real estate registration archives under the background of big data. Housing and Real Estate, 2016 (3): 116.
K. W. Chau, K. G. McKinnell, S. K. Wong, Q. Wei, Graeme Newell. (2016). Impact of Corporate Governance Structures on the Relationship between Direct and Indirect Real Estate in China. The Journal of Real Estate Portfolio Management, 16 (1): 9-20.
Jordi Gascón, Claudio Milano (2018). Tourism, Real Estate Development and Depeasantisation in Latin America. European Review of Latin American and Caribbean Studies, No. 105 (January-June 2018): 21-38.
Andy Krause (2016). Reproducible Research in Real Estate: A Review and an Example. Journal of Real Estate Practice and Education, 19 (1): 69-86.
Jaime Bordenave, Dennis Stout (2016). Real Estate Analysis as a Tool for Program Evaluation. The Family Options Study, 19 (3): 475-486.
Rongda Chen, Diandian Cheng, Zhihong Lv, Yifeng Jin, Hejia Du, Huiwen Chen (2016). Research on Investment and Financing Mode of Urban Infrastructure under Perspective of Cost Management. Quantitative Economics and Its Development, 30 (15): 4073-4099.
George D. Cashman, David M. Harrison, Michael J. Seiler, Hainan Sheng (2016). Cross-Border Investment and Firm Liquidity. The Journal of Real Estate Portfolio Management, 22 (2): 105-128.
Martin Hoesli, Elias Oikarinen (2016). Are Public and Private Asset Returns and Risks the Same?: Evidence from Real Estate Data. The Journal of Real Estate Portfolio Management, 22 (2): 179-198.
Xun Bian, Bennie D. Waller, Scott A. Wentland (2016). The Role of Transaction Costs in Impeding Market Exchange in Real Estate. Journal of Housing Research, 25 (2): 115-136.
Frank Ametefe, Steven Devaney, Gianluca Marcato (2016). Liquidity: A Review of Dimensions, Causes, Measures, and Empirical Applications in Real Estate Markets. Journal of Real Estate Literature, 24 (1): 3-30.
Browse journals by subject