Land transfer policies are fundamental to China’s real estate market, yet research on rural collective land remains limited due to its incomplete marketization. Existing studies primarily focus on major first-tier cities (Shanghai, etc.), leaving gaps in understanding emerging cities like Hangzhou. This study examines how migration-driven land supply affects the real estate market, urbanization, and land-use diversification through policy text analysis and case studies. Findings reveal that land transfer policies optimize market structures, enhance land-use efficiency, and promote social welfare while intensifying market competition. Sustainable development policies further facilitate a multi-stakeholder win-win outcome. The study concludes with policy recommendations and future research directions, considering Hangzhou’s comparative advantages while acknowledging data limitations.
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Share and Cite
Jiang, D. (2025) The Impact of Land Transfer Policies on the Real Estate Market: A Case Study of Hangzhou. Hong Kong Financial Bulletin, 1(2), 9-22.