Innovating in the Real Estate Management Mechanism in Super-large Cities and Improving Economic and Spatial Clustering

[Abstract]

This issue of the Key Reference publishes the article entitled Innovating in the Real Estate Management Mechanism in Super-large Cities and Improving Economic and Spatial Clustering. The article analyzes the weaknesses of Shanghai in the move to innovate in the real estate management as a super-large city and gives the following suggestions. First, the ad valorem property holding regulation tax must be levied on city-wide property resources; Second, the tax exemption/reduction and subsidy mechanism must be implemented for the holding or leasing of residential houses in the areas where residents work; Third, the tax exemption/reduction and subsidy mechanism must be implemented for the holding or leasing of official rooms by the industrial types and geographical locations of the enterprises in Shanghai; Fourth, efforts must be made to gradually lower or even cancel some taxes in the trading process and establish the incentive mechanism for consumptive housing replacement; Fifth, a monetized cost-effectiveness assessment mechanism must be implemented for the construction land of State-owned organizations, and State-owned organizations must be encouraged to move into the new towns established in surrounding areas; Sixth, the master urban plan must be adhered to during the transfer and redevelopment of land in urban areas to make real estate development based on contractors instead of developers.