Chunxia TAN

Date of Award


Degree Type

TPG Capstone Project (Taught Postgraduate Project)


Sociology and Social Policy


Prof. Stefan KÜHNER


This paper will quantify the housing restriction policies in Guangzhou Shenzhen using the principal component analysis of previous researchers. The correlation coefficient between the quantified results of the policies from 2012-2021 and the house prices from 2012-2021 will be calculated and the conclusion shows that as the housing restriction policies increase (become stricter) it does not cause house prices to fall, it only eases the rate of house price increase. This is consistent with the results of the questionnaire research. A quantitative study was also conducted to assess the effect of individual policies, using the example of Shenzhen's "Reference Price Policy for Second-House Transactions", which showed that after the enactment of Shenzhen's "Reference Price Policy for Second-House Transactions", the down payment ratio for first home buyers would reach 51%. This has made it more difficult to purchase a home. This result is also confirmed by the results of the questionnaire.



Recommended Citation

Tan, C. (2022). Comparing the impact of housing purchase restrictions on house prices in Guangzhou and Shenzhen (TPG Capstone Project, Lingnan University, Hong Kong). Retrieved from

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