An Empirical Study Is Based On The HCW Effect Of Real Estate Restriction Order On Shenyang Real Estate Price

On April 17,2018,the Shenyang Municipal Government issued a notice on promoting the steady and healthy development of the real estate market in Shenyang..On August 6,2018,Shenyang City issued the "Notice of the General Office of the Shenyang Municipal People's Government on Further Controlling the Real Estate Market of the City" and expanded the limited purchase area of commodity housing to the administrative region of the city.Hsiao,Ching,and Wan(2012)first proposed the method of constructing counterfacts through cross-sectional dependencies between panel data to estimate policy effects.The study found that the implementation of the real estate purchase restriction order has a significant inhibitory effect on the average price of sample homes in the Hunnan District,and the effect is 0.996%.The increase in the average price also has a significant inhibitory effect.Impact effect 0.5123%.When the synthetic control method was used for research,the policy effect was studied by using the weighted average of the control group to synthesize the commodity residential sales price after the restricted purchase order policy in the Hunnan area.With the issuance and continuous improvement of the real estate restriction order in Shenyang,the market has reached a period of reaction to the policy.This paper will also predict the strategic changes made by real estate developers in order to deal with the policy of limited purchase from three aspects:investment expansion,engineering management and larketing strategy.