Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China

Yingjun Duan

doi:doi:10.11648/j.jbed.20190403.15

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Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China

Yingjun Duan

Published in Journal of Business and Economic Development (Volume 4, Issue 3)

Received: 7 August 2019 Accepted: 30 August 2019 Published: 20 September 2019

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Abstract

With the deepening of the population aging and the growth of the economy in China, the demand for improving the lives of the elderly groups is increasing, and the prospects of the old-age industry, especially the real estate market for the old-age, are bright. Small and medium-sized enterprises (SMEs) play an important role in promoting the development of the old-age real estate. The development of the old-age real estate for SMEs is not only conducive to the healthy development of the old-age real estate market, but also conducive to the middle and low-income elderly to enjoy high-quality and convenient old-age services. The method adopted in this paper is mainly to compare the modes that SMEs can adopt in the three links of development, financing and operation of the old-age real estate, to calculate the costs and benefits of various modes, and to analyze their advantages and disadvantages. The types of enterprises suitable for various modes are also discussed. The conclusion of this paper is that for different links, SMEs should adopt different modes in the process of developing old-age real estate. In terms of development mode, SMEs should choose to cooperate with service agencies because SMEs have weak capital strength and risk tolerance, narrow financing channels and less market resources. In terms of financing mode, SMEs should choose government-enterprise cooperation because it can reduce the development cost, especially the cost of land, also can obtain policy support and administrative approval convenience. In addition, this mode can well reflect the profitability and welfare characteristics of the old-age real estate and can achieve social spillover benefits. In terms of operation mode, SMEs should choose only construction but not operation so as to avoid the risks brought by the latter operation.

Published in	Journal of Business and Economic Development (Volume 4, Issue 3)
DOI	10.11648/j.jbed.20190403.15
Page(s)	107-112
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

SMEs, Old-age Real Estate, Business Mode, BOT, PPP

References

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[2]	J. Albert Cao, Ramin Keivani. (2018). Risks in the Commercial Real Estate Markets in China. Journal of Real Estate Literature, 16 (3): 363-383.
[3]	Yongqiang Chu, Tien F. Sing. (2016). Inflation Hedging Characteristics of the Chinese Real Estate Market. The Journal of Real Estate Portfolio Management, 10 (2): 145-154.
[4]	Graeme Newell, K. W. Chau, S. K. Wong, Keith McKinnell. (2015). Dynamics of the Direct and Indirect Real Estate Markets in China . The Journal of Real Estate Portfolio Management, 11 (3): 263-280.
[5]	Andy Krause, Clifford A. Lipscomb (2016). The Data Preparation Process in Real Estate: Guidance and Review . Journal of Real Estate Practice and Education, 19 (1): 15-42.
[6]	Liu Jinge (2016). Research on integration of massive information resources of real estate registration archives under the background of big data. Housing and Real Estate, 2016 (3): 116.
[7]	K. W. Chau, K. G. McKinnell, S. K. Wong, Q. Wei, Graeme Newell. (2016). Impact of Corporate Governance Structures on the Relationship between Direct and Indirect Real Estate in China. The Journal of Real Estate Portfolio Management, 16 (1): 9-20.
[8]	Jordi Gascón, Claudio Milano (2018). Tourism, Real Estate Development and Depeasantisation in Latin America. European Review of Latin American and Caribbean Studies, No. 105 (January-June 2018): 21-38.
[9]	Andy Krause (2016). Reproducible Research in Real Estate: A Review and an Example. Journal of Real Estate Practice and Education, 19 (1): 69-86.
[10]	Jaime Bordenave, Dennis Stout (2016). Real Estate Analysis as a Tool for Program Evaluation. The Family Options Study, 19 (3): 475-486.
[11]	Rongda Chen, Diandian Cheng, Zhihong Lv, Yifeng Jin, Hejia Du, Huiwen Chen (2016). Research on Investment and Financing Mode of Urban Infrastructure under Perspective of Cost Management. Quantitative Economics and Its Development, 30 (15): 4073-4099.
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[13]	Martin Hoesli, Elias Oikarinen (2016). Are Public and Private Asset Returns and Risks the Same?: Evidence from Real Estate Data. The Journal of Real Estate Portfolio Management, 22 (2): 179-198.
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[15]	Frank Ametefe, Steven Devaney, Gianluca Marcato (2016). Liquidity: A Review of Dimensions, Causes, Measures, and Empirical Applications in Real Estate Markets. Journal of Real Estate Literature, 24 (1): 3-30.

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APA Style

Yingjun Duan. (2019). Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China. Journal of Business and Economic Development, 4(3), 107-112. https://doi.org/10.11648/j.jbed.20190403.15

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ACS Style

Yingjun Duan. Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China. J. Bus. Econ. Dev. 2019, 4(3), 107-112. doi: 10.11648/j.jbed.20190403.15

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AMA Style

Yingjun Duan. Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China. J Bus Econ Dev. 2019;4(3):107-112. doi: 10.11648/j.jbed.20190403.15

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@article{10.11648/j.jbed.20190403.15,
  author = {Yingjun Duan},
  title = {Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China},
  journal = {Journal of Business and Economic Development},
  volume = {4},
  number = {3},
  pages = {107-112},
  doi = {10.11648/j.jbed.20190403.15},
  url = {https://doi.org/10.11648/j.jbed.20190403.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20190403.15},
  abstract = {With the deepening of the population aging and the growth of the economy in China, the demand for improving the lives of the elderly groups is increasing, and the prospects of the old-age industry, especially the real estate market for the old-age, are bright. Small and medium-sized enterprises (SMEs) play an important role in promoting the development of the old-age real estate. The development of the old-age real estate for SMEs is not only conducive to the healthy development of the old-age real estate market, but also conducive to the middle and low-income elderly to enjoy high-quality and convenient old-age services. The method adopted in this paper is mainly to compare the modes that SMEs can adopt in the three links of development, financing and operation of the old-age real estate, to calculate the costs and benefits of various modes, and to analyze their advantages and disadvantages. The types of enterprises suitable for various modes are also discussed. The conclusion of this paper is that for different links, SMEs should adopt different modes in the process of developing old-age real estate. In terms of development mode, SMEs should choose to cooperate with service agencies because SMEs have weak capital strength and risk tolerance, narrow financing channels and less market resources. In terms of financing mode, SMEs should choose government-enterprise cooperation because it can reduce the development cost, especially the cost of land, also can obtain policy support and administrative approval convenience. In addition, this mode can well reflect the profitability and welfare characteristics of the old-age real estate and can achieve social spillover benefits. In terms of operation mode, SMEs should choose only construction but not operation so as to avoid the risks brought by the latter operation.},
 year = {2019}
}

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TY  - JOUR
T1  - Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China
AU  - Yingjun Duan
Y1  - 2019/09/20
PY  - 2019
N1  - https://doi.org/10.11648/j.jbed.20190403.15
DO  - 10.11648/j.jbed.20190403.15
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 107
EP  - 112
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20190403.15
AB  - With the deepening of the population aging and the growth of the economy in China, the demand for improving the lives of the elderly groups is increasing, and the prospects of the old-age industry, especially the real estate market for the old-age, are bright. Small and medium-sized enterprises (SMEs) play an important role in promoting the development of the old-age real estate. The development of the old-age real estate for SMEs is not only conducive to the healthy development of the old-age real estate market, but also conducive to the middle and low-income elderly to enjoy high-quality and convenient old-age services. The method adopted in this paper is mainly to compare the modes that SMEs can adopt in the three links of development, financing and operation of the old-age real estate, to calculate the costs and benefits of various modes, and to analyze their advantages and disadvantages. The types of enterprises suitable for various modes are also discussed. The conclusion of this paper is that for different links, SMEs should adopt different modes in the process of developing old-age real estate. In terms of development mode, SMEs should choose to cooperate with service agencies because SMEs have weak capital strength and risk tolerance, narrow financing channels and less market resources. In terms of financing mode, SMEs should choose government-enterprise cooperation because it can reduce the development cost, especially the cost of land, also can obtain policy support and administrative approval convenience. In addition, this mode can well reflect the profitability and welfare characteristics of the old-age real estate and can achieve social spillover benefits. In terms of operation mode, SMEs should choose only construction but not operation so as to avoid the risks brought by the latter operation.
VL  - 4
IS  - 3
ER  -

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Author Information

Yingjun Duan

School of Politics and Public Administration, Shanxi University, Taiyuan, P. R. China

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Plain Text BibTeX RIS

APA Style

Yingjun Duan. (2019). Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China. Journal of Business and Economic Development, 4(3), 107-112. https://doi.org/10.11648/j.jbed.20190403.15

Copy | Download

ACS Style

Yingjun Duan. Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China. J. Bus. Econ. Dev. 2019, 4(3), 107-112. doi: 10.11648/j.jbed.20190403.15

Copy | Download

AMA Style

Yingjun Duan. Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China. J Bus Econ Dev. 2019;4(3):107-112. doi: 10.11648/j.jbed.20190403.15

Copy | Download

@article{10.11648/j.jbed.20190403.15,
  author = {Yingjun Duan},
  title = {Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China},
  journal = {Journal of Business and Economic Development},
  volume = {4},
  number = {3},
  pages = {107-112},
  doi = {10.11648/j.jbed.20190403.15},
  url = {https://doi.org/10.11648/j.jbed.20190403.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20190403.15},
  abstract = {With the deepening of the population aging and the growth of the economy in China, the demand for improving the lives of the elderly groups is increasing, and the prospects of the old-age industry, especially the real estate market for the old-age, are bright. Small and medium-sized enterprises (SMEs) play an important role in promoting the development of the old-age real estate. The development of the old-age real estate for SMEs is not only conducive to the healthy development of the old-age real estate market, but also conducive to the middle and low-income elderly to enjoy high-quality and convenient old-age services. The method adopted in this paper is mainly to compare the modes that SMEs can adopt in the three links of development, financing and operation of the old-age real estate, to calculate the costs and benefits of various modes, and to analyze their advantages and disadvantages. The types of enterprises suitable for various modes are also discussed. The conclusion of this paper is that for different links, SMEs should adopt different modes in the process of developing old-age real estate. In terms of development mode, SMEs should choose to cooperate with service agencies because SMEs have weak capital strength and risk tolerance, narrow financing channels and less market resources. In terms of financing mode, SMEs should choose government-enterprise cooperation because it can reduce the development cost, especially the cost of land, also can obtain policy support and administrative approval convenience. In addition, this mode can well reflect the profitability and welfare characteristics of the old-age real estate and can achieve social spillover benefits. In terms of operation mode, SMEs should choose only construction but not operation so as to avoid the risks brought by the latter operation.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Research on the Development Mode of Old-age Real Estate for Small and Medium-sized Enterprises in China
AU  - Yingjun Duan
Y1  - 2019/09/20
PY  - 2019
N1  - https://doi.org/10.11648/j.jbed.20190403.15
DO  - 10.11648/j.jbed.20190403.15
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 107
EP  - 112
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20190403.15
AB  - With the deepening of the population aging and the growth of the economy in China, the demand for improving the lives of the elderly groups is increasing, and the prospects of the old-age industry, especially the real estate market for the old-age, are bright. Small and medium-sized enterprises (SMEs) play an important role in promoting the development of the old-age real estate. The development of the old-age real estate for SMEs is not only conducive to the healthy development of the old-age real estate market, but also conducive to the middle and low-income elderly to enjoy high-quality and convenient old-age services. The method adopted in this paper is mainly to compare the modes that SMEs can adopt in the three links of development, financing and operation of the old-age real estate, to calculate the costs and benefits of various modes, and to analyze their advantages and disadvantages. The types of enterprises suitable for various modes are also discussed. The conclusion of this paper is that for different links, SMEs should adopt different modes in the process of developing old-age real estate. In terms of development mode, SMEs should choose to cooperate with service agencies because SMEs have weak capital strength and risk tolerance, narrow financing channels and less market resources. In terms of financing mode, SMEs should choose government-enterprise cooperation because it can reduce the development cost, especially the cost of land, also can obtain policy support and administrative approval convenience. In addition, this mode can well reflect the profitability and welfare characteristics of the old-age real estate and can achieve social spillover benefits. In terms of operation mode, SMEs should choose only construction but not operation so as to avoid the risks brought by the latter operation.
VL  - 4
IS  - 3
ER  -

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