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Frontiers of Engineering Management    2015, Vol. 1 Issue (4) : 410-416     https://doi.org/10.15302/J-FEM-2014050
CASE STUDIES
Sustainable Supply Model Design of Public Rental Housing —Case Study of Chongqing
Xiao Li(), Xiang Gu, Yue Teng, Pan Li
School of Construction Management and Real Estate, Chongqing University, Chongqing 400045 China
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Abstract：

Public rental housing is an important governmental project. Within the next three years, Chongqing municipal government proposes building 40×106 m2 of public rental housing to solve the housing problem for 2 million people. Many problems of sustainability have happened in long-term large-scale construction, including gradually-slow renting progress, the shortage of funds, public rental housing community facilities are retrograde, and the selected sites are at the city’s edge. This paper analyzes the Chongqing public rental housing situation from the perspective of sustainable public rental housing supply, putting forward a sustainable supply model that is suitable for Chongqing, and then calculates their portion.
Keywords public rental housing      sustainability      supply model      filtering theory     
在线预览日期:    发布日期: 2015-05-07
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Xiao Li
Xiang Gu
Yue Teng
Pan Li
引用本文:   
Xiao Li,Xiang Gu,Yue Teng, et al. Sustainable Supply Model Design of Public Rental Housing —Case Study of Chongqing[J]. Front. Eng, 2015, 1(4): 410-416.
网址:  
https://journal.hep.com.cn/fem/EN/10.15302/J-FEM-2014050     OR     https://journal.hep.com.cn/fem/EN/Y2015/V1/I4/410
Total investment Costs
Fiscal investment Accumulation fund Loan from
Commercial bank		 In total Financing cost Housing management fees In total
Min Xin Jia Yuan 960?million 800?million 1,440?million 3,200?million 10.86?million 90,000 per month 10.95?million
Beautiful Land 1,065?million 500?million 1,985?million 3,550?million 12.71?million 100,000?per month 12.81?million
Tab.1  The Investment of Chongqing’s Public Rental Housing
Housing rents Commercial rents Garage rents In total
Min Xin Jia Yuan 10.07?million 1.72?million 0.83?million 12.62?million
Beautiful Land 10.26?million 3.23?million 0.77?million 14.26?million
Tab.2  Chongqing Public Rental Housing Monthly Income
Working areas Percentage/%
Shapingba 10.84
Yuzhong 14.46
Jiangbei 36.14
Yubei 18.07
Jiulongpo 7.23
Dadukou 3.61
Nanan 7.23
Beibei 1.20
Tab.3  Min Xin Jia Yuan Tenant Working Areas
Year Average price of new commercial housing (yuan per square meter) gross floor area R 1 Average price of second-hand housing (yuan per square meter) gross floor area R 2
2006 2,697 3,976
2007 3,155 16.98% 4,094 2.97%
2008 3,998 19.80% 4,515 10.28%
2009 4,310 7.80% 4,655 3.10%
2010 5,994 39.10% 5,173 11.13%
2011 6,792 13.31% 7,561 46.16%
2012 6,775 −0.25% 7,464 −1.28%
Tab.4  Calculating Table of the Increase Rate of the New Commercial Housing and Second-Hand Housing’s Price in Chongqing Downtown Area
Formula The meanings of functions Values
Funds planned to be injected by the government I = I 1 + I 2 6.016?billion
Funds need to be injected under supply model of constructing public rental housing I 1 = P 1(1–K)(1+ R 1) × S× N× X 1 P 1 Average price of newly-built public rental housing per gross floor area 3,150
K Ratio of land cost and tax to housing price 40%
R 1 Ratio of incremental price of newly-built commercial housing 16.12%
S Average rental area (of public rental housing) 40
X 1 Ratio of the supply model of constructing new public rental housing to total supply X 1
N Number of tenants of public rental housing 49.7?thousand
Be injected under supply model of purchasing housing I 2 = P 2(1+ R 2) ×S×N×X 2 P 2 Average price of purchased second-hand housing per gross floor area 7,464
R 2 Ratio of incremental price of second-hand housing 12.06%
X 2 Ratio of supply model of purchasing second-hand housing to total supply X 2
Tab.5  Calculating Table of Proportion of Multiple Supply Model of Chongqing’s Public Rental Housing
Distribution proportion of extremes Judgment for I Evaluation
Supposing 1 X 1 = 0 X 2 = 1 I = 1937139>601600 Coincident with filtering theory;
Welfare level comes to maximization but limited by funds;
Not practical
Supposing 2 X 2 = 0 X 1 = 1 I = 508285<601600 Not coincident with filtering theory;
Welfare level is relatively high but limited by funds;
Not practical
Solutions X 1 = 93.47% X 2 = 6.53% 601600 Coincident with filtering theory;
Integrated welfare level comes to maximization
Tab.6  Calculating Table of Distribution Proportion of Multiple Supply Model of Chongqing’s Public Rental Housing
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