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Viewing report
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Emerging Commercial Property Cycle. Edition No. 1
VDM Publishing House, March 2009, Pages: 252
BOOK SUMMARY -- This book is dedicated to the process
of understanding one of the emerging and perhaps the
will-be largest property markets – the Chinese
commercial property market, focusing on its
formation and its micro and macro-level behaviours.
It investigates commercial property markets by
examining behaviours and drivers with reference to
existing property cycle theory. The conclusions
discovered that structural change is a basic driver
of property cycles. This result has important global
implications for policy and investment decision-
making for property cycle research and emerging
market economies.
TESTIMONIAL -- Understanding the dynamics of the
commercial property markets in China has taken on
increased importance for institutional investors in
recent years. Hao Wu has done an excellent job in
enhancing our understanding of this important
property market from an institutional economics
perspective. This book is a welcome addition to the
growing body of knowledge regarding the development
of this important international property market.
-- Professor Graeme Newell, Professor of Property
Investment, University of Western Sydney
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