Author(s)

Yuqi Xin

Corresponding Author

Yuqi Xin

ABSTRACT

For a long time, real estate development investment has shown the spatial phenomenon of clustering and distribution in large cities. This paper attempts to discuss the spatial distribution of urban real estate development investment in China. In this study, through theoretical analysis, the theory of influencing factors of the spatial distribution of real estate development investment in China is concluded, and six research hypotheses are proposed respectively. Based on the test of the Spatial Dubin Model (SDM), the following empirical conclusions are drawn. First, there is an obvious spatial aggregation phenomenon in the urban real estate development investment in China. Second, urbanization is not conducive to the spatial aggregation of urban real estate development investment in China. Third, the industrial structure is not conducive to the spatial aggregation of urban real estate development investment in China. Fourth, the growth of GDP per capita is conducive to the spatial aggregation of urban real estate development investment in China. Fifth, the level of housing prices is not conducive to the spatial aggregation of real estate development investment.

KEYWORDS

Real estate development investment; Spatial aggregation; Spatial distribution optimization; Spatial spillover effect