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The Impact of Subway Lines on Residential Property Values in Tianjin: An Empirical Study Based on Hedonic Pricing Model
Joint Authors
Sun, Hui
Wang, Yuning
Li, Qingbo
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-10, 10 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-09-08
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Abstract EN
The construction of subways has an external impact on the urban environment.
Among them, the most important acceleration function lies in the property values of housing near subway stations.
Tianjin, the largest open coastal city in Northern China, is selected as the subject of the research in this paper by virtue of its unique background.
The Hedonic Pricing Model is used in analysing the change in the value of the properties located within 1,000 metres of completed subway line 3 stations.
Using the theories of land rent and land location, and a model of the impact of urban traffic on the surrounding real estate prices, we analyse the sphere of influence of Tianjin Metro Line 3 on real estate prices.
Finally, the paper stresses the importance of urban construction and subway building and finds that different development strategies should be used according to the characteristics of the subway in various regions of the city.
American Psychological Association (APA)
Sun, Hui& Wang, Yuning& Li, Qingbo. 2016. The Impact of Subway Lines on Residential Property Values in Tianjin: An Empirical Study Based on Hedonic Pricing Model. Discrete Dynamics in Nature and Society،Vol. 2016, no. 2016, pp.1-10.
https://search.emarefa.net/detail/BIM-1103326
Modern Language Association (MLA)
Sun, Hui…[et al.]. The Impact of Subway Lines on Residential Property Values in Tianjin: An Empirical Study Based on Hedonic Pricing Model. Discrete Dynamics in Nature and Society No. 2016 (2016), pp.1-10.
https://search.emarefa.net/detail/BIM-1103326
American Medical Association (AMA)
Sun, Hui& Wang, Yuning& Li, Qingbo. The Impact of Subway Lines on Residential Property Values in Tianjin: An Empirical Study Based on Hedonic Pricing Model. Discrete Dynamics in Nature and Society. 2016. Vol. 2016, no. 2016, pp.1-10.
https://search.emarefa.net/detail/BIM-1103326
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1103326