When Wanda Plaza comes to the Yangtze River Delta: Will the land prices increase?

Ziwei Zhang; Yang Chen

doi:10.1007/978-981-13-0983-0_4

When Wanda Plaza comes to the Yangtze River Delta: Will the land prices increase?

Ziwei Zhang, Yang Chen^*

^*Corresponding author for this work

Department of Economics

Xi'an Jiaotong-Liverpool University

Research output: Chapter in Book or Report/Conference proceeding › Chapter › peer-review

Abstract

Wanda-one of the Chinese real estate sector leading companies claims that the Wanda Plaza is the “heart” of a city. In this chapter, we use the panel dataset of land transactions during the period of 2008-2016 in 109 counties in Yangtze River Delta to test whether the entry of a new Wanda Plaza increases the county-level average land prices. Using the difference-in-difference (DID) strategy, our estimates suggest that a new Wanda Plaza opening increases the price of the industrial land by about 0.1-0.15% and increases the price of the residential land by about 0.22-0.25%.

Original language	English
Title of host publication	The State of China's State Capitalism
Subtitle of host publication	Evidence of Its Successes and Pitfalls
Publisher	Palgrave Macmillan
Pages	95-113
Number of pages	19
ISBN (Electronic)	9789811309830
ISBN (Print)	9789811309823
DOIs	https://doi.org/10.1007/978-981-13-0983-0_4
Publication status	Published - 1 Jan 2018

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10.1007/978-981-13-0983-0_4

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title = "When Wanda Plaza comes to the Yangtze River Delta: Will the land prices increase?",

abstract = "Wanda-one of the Chinese real estate sector leading companies claims that the Wanda Plaza is the “heart” of a city. In this chapter, we use the panel dataset of land transactions during the period of 2008-2016 in 109 counties in Yangtze River Delta to test whether the entry of a new Wanda Plaza increases the county-level average land prices. Using the difference-in-difference (DID) strategy, our estimates suggest that a new Wanda Plaza opening increases the price of the industrial land by about 0.1-0.15% and increases the price of the residential land by about 0.22-0.25%.",

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ER -

When Wanda Plaza comes to the Yangtze River Delta: Will the land prices increase?

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