This course exposes the students the key concepts of city planning, real estate market and development process. Recent years have witnessed rapid urbanization in the developing Asia and transitional China and some of its consequences – substantial urban growth, dramatic ups and downs of real estate markets, financial markets as well as regional economies. The government officials and state-owned enterprise (SOE) executives are facing unprecedented challenges and opportunities, such as how urban planning theories may help to solve urban problems? How zoning regulation may affect urban land development? How bubbles in real estate market were formed? How do the fundamentals determine equilibrium demand, supply, and prices in the real estate market? How to make prudent real estate development decision?