The Effect of Central Business District on House Prices in Chengdu Metropolitan Area: A Hedonic Approach
Available Online August 2015.
- https://doi.org/10.2991/cas-15.2015.83How to use a DOI?
- central business district; housing feature; price, hedonic; log-linear; marginal effect.
- This paper aims to analyse the effects of the CBD and several selected housing features on house prices in Chengdu. Sampling is focused on ordinary old housing units. Data were collected from metropolitan Chengdu, China. Utilizing log-linear hedonic techniques, the study suggests a small negative price gradient from the CBD and a marginal and nonlinear effect of housing age and underground railway locations on house prices. Therefore, the study supports the classic inference for spatial house prices. Additionally, we suggest higher property tax rates for large-floor space units.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Zou Gaolu PY - 2015/08 DA - 2015/08 TI - The Effect of Central Business District on House Prices in Chengdu Metropolitan Area: A Hedonic Approach BT - 2015 AASRI International Conference on Circuits and Systems (CAS 2015) PB - Atlantis Press SN - 2352-538X UR - https://doi.org/10.2991/cas-15.2015.83 DO - https://doi.org/10.2991/cas-15.2015.83 ID - Gaolu2015/08 ER -