Notice of RetractionAn assessing framework for sustainable development of residential real estate

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Recently the call for developing sustainable real estate market has fostered the idea of taking into consideration the ecological and social benefits. The paper presents a formula that reckons Eco-social Index, which holds a comprehensive view of evaluating sustainable real estate development. Ecological benefits are evaluated in the framework of LEED, which is illustrated in five aspects such as the Sustainable Sites, Water Efficiency, Energy and Atmosphere, Materials and resource, and Indoor Environmental Quality. Social benefits take five dimensions into consideration including physiological needs, safety needs, belongingness needs, esteem needs and self-actualization needs. The Eco-social Index is examined by how many ecological and social benefits a buyer can earn when he or she pays for a unit of total economic expense. The paper uses multi-disciplinary analysis including economics, sociology, psychology, ecology, and mathematics. It is expected to provide a practical evaluation way for the potential buyers to make wise purchase decisions in the residential real estate market. The paper aims to lead the real estate market to a sustainable development way.