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An essay's introduction part 1.Introduction With the policy of reforming and opening up during the last three decades, China’s economy has grown enormously leading to the urbanization. Urbanization, is commonly defined as the migration of people from rural to urban areas. It has pushed China’s real estate industry to an unprecedented height to become the main industry supporting the national economy (Ren, 2014). However, due to unbalanced development and excessive construction, the real estate industry has been growing for such a long time that there is a high risk of bubbles (Pan, 2011). Meanwhile, China has entered the aging society currently and has to face a social issue: how to adapt to aging. According to the Report on the Development of China's Aging Industry (Wu, 2013), it is evident that China has changed the structure of social population and will lead to changes in demand for housing. The traditional real estate industry cannot meet the needs of the elderly any more. Therefore, China has to solve aging problem as well as achieve a sustainable development of real estate industry. This essay mainly discusses whether aging society can provide opportunities for real estate industry and expand the market through creating communities which can provide entertainment, fitness, and suitable facilities for the elderly. The practicability of developing real estate for the elderly is also taken into consideration through a successful case, Sun City Center in America. In addition, recommendations for developers and the government are stated.

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1.___Introduction 

 

With the policy of reforming and opening up during the last three decades, China’s economy has grown enormously tremendously with rapid leading to the urbanization. This is due to the last three decades of China's opening up and economic reforms.  Urbanization, is commonly defined as the migration of people 当然是人啊.  中文可用, 英文不妥 from rural to urban areas. It has pushed This caused China’s real estate industry rise to an unprecedented levels.  It is now   height to become the main industry supporting main pillar of the national economy (Ren, 2014). However, due to unbalanced development and excessive construction that there is fear that the real estate industry will burst the economic bubble.  has been growing for such a long time that there is a high risk of bubbles (Pan, 2011). Meanwhile, At the same time, China has entered the is facing problems of an aging and needed solving.  society currently and has to face a social issue: how to adapt to aging. According to the Report on the Development of China's Aging Industry (Wu, 2013), it is evident that China has changed the structure of social population and will thus lead to changes in demand for housing must also be adapted to changing needs. No longer can the traditional real estate industry cannot meet the needs of the elderly any more.


Therefore, China not only has to solve the aging problem as well as achieve but to find a sustainable solution. development of real estate industry. This essay mainly paper discusses whether if the aging society can provide entices opportunities for the real estate industry to expand profitable opportunities and at the same time, to improve the quality of life for the seniors.  and expand the market through creating communities which can provide entertainment, fitness, and suitable facilities for the elderly. The practicability of developing real estate for the elderly is also taken into consideration through a successful case, The Sun City Center in the US will provide the basis for a test case study. America. In addition, recommendations for developers and the government are stated. If you like my style, let me know and I shall continue.

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An essay's introduction part

1.Introduction
With the policy of reform and openness during the last three decades, China’s economy has grown enormously leading to urbanization. Urbanization, is commonly defined as the migration of people from rural to urban areas. It has pushed China’s real estate industry to unprecedented heights to become the central industry supporting the nation's economy (Ren, 2014). However, due to unbalanced development and excessive construction, the real estate sector has been growing for such a long time that there is a high risk of a market bubble (Pan, 2011). Meanwhile, China currently has an ever growing aging society and has to face this social concern: How to adapt to its aging (elderly) population. According to the Report on the Development of China's Aging Industry (Wu, 2013), it is evident that China has changed the structure of its social population which will lead to changes in the demand for housing. The traditional real estate industry cannot meet the needs of the elderly any longer.

Therefore, China has to solve its aging population problem as well as achieve a sustainable development for its real estate industry. This essay mainly discusses whether an aging society can provide opportunities for the real estate industry by expanding the market through creating communities which can provide entertainment, fitness, and suitable facilities for its elderly. The practicability of developing real estate for the elderly is also taken into consideration through a successful case, Sun City Center in America. In addition, recommendations for developers and the government are stated.

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In summary, little real estate purpose built for seniors has been completed and the relative commercial model of developing real estate for seniors is still under exploration, all of which can not meet the demand of the elderly. So, the potential of Chinese real estate for the elderly is massive. Based on the analysis above, on the one hand, it is evident that the elderly care industry in China is still in its infancy and communities for the elderly are urgent to develop. On the other hand, the real estate industry needs to achieve a sustainable development. Therefore, developing communities for the elderly are beneficial to both the aging problem and real estate industry and will achieve a win-win situation.
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Besides Chinese real estate also lead China’s economy to a financial crisis. In spite of Huang (2014) claims that China's property market has no bubble and the high housing price is just supported by "irrational exuberance", there is a large amount of evidence to show that Chinese real estate bubble has already happened. When it comes to bubble, one of the main characters is that supply and demand are unbalanced and the former is much more than the latter and the real estate market is full of speculators whose behaviors may cause the economic recession. Recently, most of the developers are keen on invest into the high-class flats to maximize the profits, so that there are fewer affordable houses (Xu, 2012). However, China's people might have no ability to buy more high-class residential at the present stage. Therefore, the supply is more than the demand, for example, in the Inner Mongolia Autonomous Region of China, there is a “Ghost City” called Erdos which has built too many buildings but only few are sold. The similar phenomenon is very common in China which has caused real estate bubbles to be more serious. It seems that recently it is really difficult to develop real estate industry since the market of housing is saturated. Moreover, the situation of China’s economy has to face a range of serious social issues if the bubble would not be controlled by government. For instance, some other industries such as the energy, electric power, building materials are all affected by the real estate industry and loans both for people to buy houses and developers to build houses have an influence on banking. It has been said that the economy of China has been abducted by the real estate industry (Chen, 2009). For this reason, to find a market for real estate in China is an urgent task.
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second part 2.Whether aging society can open up new markets for real estate developers China has to deal with the challenge of aging problem in the 21st century. By the end of 2012, the number of old people who are over 60 years old is up to accounting for 14.3% of the Chinese population and the number of people who are over 65 years old will be one fifth of the elderly population worldwide (Wu, 2013). The aging problem will bring a series of issues including the heavy burden of providing for the old, the drop of social security and the lack of labor force. However, the elderly care industry has just started in China and social service agencies for the old can only meet the need of two thirds of seniors. In addition, as the number of the old population is becoming increasingly, the majority of Chinese cities are so crowded that facilities available to the old are few. Therefore, developing the infrastructure and services for the elderly is the main solution of aging problem.

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