2b:T446,

China’s land finance–driven state entrepreneurialism is threatened by an unprecedented property market downturn and the imposition of strict state regulations on land financialization. As such, it is important to consider how local governments and chengtou companies (urban investment and development companies) adapt to this new context to re-theorize state entrepreneurialism. Drawing on a case study of a Chinese eco-city, we theorize two types of strategies to reduce dependency on land financing. Vertical strategies use scalar politics to elevate the urban project area’s administrative level, allowing chengtou companies to restructure their equity and increase their decision-making power, financing, and investments in new sectors. Horizontal strategies entail adjusting business offerings through technological and organizational innovation to pursue new market opportunities. The results highlight how chengtou companies transformed to ensure the continued functioning of state entrepreneurialism beyond land financing.

2c:T4e8,

This study examines intergenerational wealth transfer and class reproduction strategies centered on Gangnam housing, drawing from in-depth interviews with senior residents and their adult children. The senior upper-middle class residents of Gangnam, who acquired residential properties early during the district’s development and accumulated significant wealth, engage in class reproduction by transferring assets—primarily Gangnam real estate—to their adult children. This practice emerges as a response to rising labor market insecurity and increasing housing market polarization, which make it difficult for their children to secure residency in Gangnam independently. This article makes three key arguments. First, it emphasizes that class reproduction strategies extend beyond young adulthood, continuing over the life course into middle age. Second, it highlights that intergenerational wealth transfer requires persistent collaboration and sustained efforts between generations. Third, it argues that family strategies aimed exclusively at sharing scarce urban resources, such as Gangnam’s high-priced real estate, exemplify class- and space-based social closure, thereby functioning as a mechanism that perpetuates social inequality.

2d:T416,

This study assesses the effect of energy efficiency labels on the private housing market using information on energy efficiency assessments of housing and property transactions in France between 2016 and 2021. We take into consideration two energy labels assigned to dwellings, one that calculates energy efficiency based on energy consumption and the other on greenhouse gas emissions. The results of the hedonic regressions show that having a higher efficiency rating has a significantly positive effect on housing prices. We also show that this effect increases with the number of annual heating degree days of the locality of the dwelling, indicating the importance of the energy-saving aspect in the market valuation of energy-efficient housing. Finally, using regression discontinuity estimates, we differentiate between the effect of the cognitive perception of labels and of the real energy efficiency gain on housing prices. Our findings reveal that the cognitive effect is predominantly observed in the least efficient dwellings.

2e:T423,

This article investigates the interplay between housing segregation and school segregation in major Indian cities, emphasising the broader implications for urban equity. Analysis of UDISE+ and population census data reveals a positive and statistically significant association between residential segregation rooted in caste divisions and the perpetuation of caste-based school segregation in urban India. This residential segregation, stemming from the intersection of caste and class, confines socially and economically disadvantaged caste groups to nearby low-fee private schools or public schools. India’s school admissions policy, which relies on unrestricte