State intervention in land supply can be a powerful tool in shaping real estate investment. Yet, few studies have examined the effect of central state intervention on land supply at the municipal level and the impact of land supply on real estate investment with respect to different tiers of prefecture-level cities in China. Varying central–local dynamics of land supply in different tiers of cities, and the often taken-for-granted relationship between land supply and real estate investment, warrant further investigation. This study aims to fill these gaps.

As an effective land policy that can invigorate rural construction areas and balance urban and rural development, land tickets not only concretely embody the land resource-asset-capitalization process, but also bring economic benefits to the farmers concerned. However, from the perspective of resource-asset-capitalization, the specific environmental impacts and economic costs of the process in land tickets and the changes in the values of ecosystem services need to be considered.

Rural community tourism initiatives in developed nations share most positive and negative characteristics with community-based tourism (CBT) initiatives in developing nations. They also share many barriers and conditions for tourism development. What makes them different is the context in which they operate. This paper identifies the main conditions that explain these differences through a review of findings from 103 location-specific case studies and other available literature that provides empirical evidence. The paper also explores the usage of the concepts of CBT and rural tourism.