Proceedings of the 2015 AASRI International Conference on Circuits and Systems

The Effect of Central Business District on House Prices in Chengdu Metropolitan Area: A Hedonic Approach

Authors
Zou Gaolu
Corresponding Author
Zou Gaolu
Available Online August 2015.
DOI
https://doi.org/10.2991/cas-15.2015.83How to use a DOI?
Keywords
central business district; housing feature; price, hedonic; log-linear; marginal effect.
Abstract
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.
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Proceedings
2015 AASRI International Conference on Circuits and Systems (CAS 2015)
Part of series
Advances in Computer Science Research
Publication Date
August 2015
ISBN
978-94-62520-74-5
ISSN
2352-538X
DOI
https://doi.org/10.2991/cas-15.2015.83How to use a DOI?
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  -