1. Impact on house value of distance interval to rail transit station in Chengdu.
- Author
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ZHOU Jia-zhong
- Subjects
- *
RAILROAD stations , *RAILROAD distances , *RAILROADS , *IMPACT (Mechanics) , *RESIDENTIAL real estate , *DATA analysis , *RAILROAD engineering - Abstract
To study the impact on house value of distance to stations of west extension line of metro line 2 in Chengdu within 800 meters radius area, this paper surveyed residential real estate data along the urban rail transit stations within 800 meters radius area, selected appropriate characteristics variables, and constructed semi-logarithmic equations and logarithmic equations based on hedonic price model, and then built overall equation and distance interval equation by a single distance variable and distance interval variables, and verified the impact on house value of distance to stations of west extension line of metro line 2 in Chengdu. Result shows that, within 800 meters to the metro stations, house values experience an overall downward trend with the increase of distance to the metro stations, the significance of the impact is high. But based on the different distance intervals, house values have seen a trend of "low in the two ends, high in the middle, declining in the overall". And the degree of impact on house value of distance variables, compare to other major variables (distance to the CBD, developer brand, etc.), is relatively low. [ABSTRACT FROM AUTHOR]
- Published
- 2013
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