A Study On Investing And Financing Model Of Shenzhen Public Rental Housing Project

Abstract:The first half of21st century is critical for our country to realize modernization and urbanization. currently the urbanization rate is over50%, and within the next20years there is at least three billion. Thus, as a fundamental right, civilian housing right should be guaranteed and respect on a national level.Therefore apart from commercial residency market, government should also establish and perfect public rental housing institution to solve the housing difficulty of low-income families. However during recent years our establishment of housing guarantee system is not going smoothly. Although there are BOT and REITs financial modes, but the main body of establishing the guarantee task-which is local government, has experienced different levels of financial constraints or lack of motivation, which main come from:1. to establish housing guarantee institution the funding still heavily rely on local finance and is not able to expand and circulate by itself.2. some of the more developed areas have higher establishing cost relating to land, and the current public housing investing mode is not able to generate available land cost payment and the local government is lack of motivation. Thus this paper mainly does research on public housing financing, payment etc.This paper reviews the problem of public housing in developed countries, and combines the current situation in shenzhen and then analyze current public housing financing modes. By combining the property theory, the dissipative theory, using the practical view of public housing construction, this paper brings up the new financing investment mode that relies on the market, and uses remaining contractor theory as well as specific cases to analyze the financial feasibility.and finally draws the conclusion.