Evaluation of Green Residential Housing Market Maturity: Empirical Evidence from Nanjing, China

Abstract

With the exacerbation of the human living environment and the clear increase in the public′s awareness of the need for energy saving, the Chinese government has increasingly been focusing upon the green housing market. The green housing market, however, is developing relatively slowly. The quality of the ″green″ houses being produced and the current levels of market supply and demand are under-developed. Therefore, this article aims to provide a more comprehensive understanding and evaluation of the green housing market and its degree of maturity in China. Authors achieve this understanding through system dynamics simulation results. Firstly, by analyzing the internal effects and interactions of demand subsystems, development subsystems, and government action subsystems, a system dynamics model (which is used to describe the green housing market) is established. Secondly, our study builds a maturity assessment model, which is based on the theory of maturity. In addition, our study dynamically conducts an evaluation of the development of the green housing market. Thirdly, our study combines the simulation results with the maturity evaluation, in order to achieve a dynamic evaluation and prediction of the development of the green housing market. Finally, this paper puts forward some policy suggestions.