Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China
The impact of urban rail transit on housing prices has attracted the extensive attention of scholars, but few studies have explored the heterogeneous impact of rail transit on housing prices with different price levels. To solve this problem, we adopted the hedonic price model based on ordinary leas...
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MDPI AG
2021-12-01
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| Series: | Land |
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| Online Access: | https://www.mdpi.com/2073-445X/10/12/1330 |
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| author | Pengyu Ren Zhaoji Li Weiguang Cai Lina Ran Lei Gan |
| author_facet | Pengyu Ren Zhaoji Li Weiguang Cai Lina Ran Lei Gan |
| author_sort | Pengyu Ren |
| collection | DOAJ |
| description | The impact of urban rail transit on housing prices has attracted the extensive attention of scholars, but few studies have explored the heterogeneous impact of rail transit on housing prices with different price levels. To solve this problem, we adopted the hedonic price model based on ordinary least squares regression as a supplementary method of quantile regression to study the heterogeneous impact of the Chengdu Metro system on low-, middle-, and high-priced housing. The result shows that the housing price rises first, then falls with the distance from the housing to the nearest subway station. Besides, the influence of transportation accessibility on low-, middle-, and high-priced housing decreases progressively. This research can provide a reference for the government’s transportation planning and decision-making. |
| first_indexed | 2024-03-10T03:45:01Z |
| format | Article |
| id | doaj.art-8483444706d44cb8a18d8825b38b7ec4 |
| institution | Directory Open Access Journal |
| issn | 2073-445X |
| language | English |
| last_indexed | 2024-03-10T03:45:01Z |
| publishDate | 2021-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Land |
| spelling | doaj.art-8483444706d44cb8a18d8825b38b7ec42023-11-23T09:10:52ZengMDPI AGLand2073-445X2021-12-011012133010.3390/land10121330Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, ChinaPengyu Ren0Zhaoji Li1Weiguang Cai2Lina Ran3Lei Gan4College of Architecture and Urban Planning, Chongqing Jiaotong University, Chongqing 400074, ChinaSchool of Management Science and Real Estate, Chongqing University, Chongqing 400044, ChinaSchool of Management Science and Real Estate, Chongqing University, Chongqing 400044, ChinaSchool of Management Science and Real Estate, Chongqing University, Chongqing 400044, ChinaSchool of Management Science and Real Estate, Chongqing University, Chongqing 400044, ChinaThe impact of urban rail transit on housing prices has attracted the extensive attention of scholars, but few studies have explored the heterogeneous impact of rail transit on housing prices with different price levels. To solve this problem, we adopted the hedonic price model based on ordinary least squares regression as a supplementary method of quantile regression to study the heterogeneous impact of the Chengdu Metro system on low-, middle-, and high-priced housing. The result shows that the housing price rises first, then falls with the distance from the housing to the nearest subway station. Besides, the influence of transportation accessibility on low-, middle-, and high-priced housing decreases progressively. This research can provide a reference for the government’s transportation planning and decision-making.https://www.mdpi.com/2073-445X/10/12/1330rail transitvalue capturehousing priceinverted-U curvequantile regression |
| spellingShingle | Pengyu Ren Zhaoji Li Weiguang Cai Lina Ran Lei Gan Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China Land rail transit value capture housing price inverted-U curve quantile regression |
| title | Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China |
| title_full | Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China |
| title_fullStr | Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China |
| title_full_unstemmed | Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China |
| title_short | Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China |
| title_sort | heterogeneity analysis of urban rail transit on housing with different price levels a case study of chengdu china |
| topic | rail transit value capture housing price inverted-U curve quantile regression |
| url | https://www.mdpi.com/2073-445X/10/12/1330 |
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