The institutional structure of a property market in inland China: Chongqing

Abstract

This paper contributes to the understanding of China's urban development by examining the institutional structure of a property market in an inland city: Chongqing. Data were collected from three recent projects through field reconnaissance and interviews. A framework of institutional analysis was used in discussing and interpreting the data. Our analyses revealed an emerging property market with dynamic and evolving new institutions in inland China. In this new market, a variety of actors with different roles and interests in the property development process had come into play. Formal and informal rules governing the development process had been evolving. Although with a time-lag, the rapid..