Spatiotemporal Agglomeration of Real-Estate Industry in Guangzhou, China

Authors: Dajun Dai*, Georgia State University, Peng Wang, Jinan University, Xiaoyan Lin, Jinan University
Topics: China, Business Geography, Urban Geography
Keywords: Real-Estate, Housing Market, China, GIS
Session Type: Paper
Day: 4/13/2018
Start / End Time: 10:00 AM / 11:40 AM
Room: Balcony N, Marriott, River Tower Elevators, 4th Floor
Presentation File: No File Uploaded

Real estate development is critical to healthy economic growth and regional development.
Using real-estate data in Guangzhou, China from the 1970s to 2015, we examined the spatiotemporal agglomeration and evolution of Guangzhou’s real estate industry with spatial and spatiotemporal techniques. This study shows that real estate businesses were initially agglomerated in the city center with socioeconomic advantages, and later spread into suburbs as new growth foundations. We also found that different business types, depending on their functions, evolved and agglomerated in different time periods. The findings provide valuable support to the formulation of effective government policy and the management of real estate enterprises in China.

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