The price premium for properties near shopping centers: Evidence from China

DOI

10.2991/hsmet-19.2019.72How to use a DOI?

Keywords

Commercial location; shopping center; hedonic pricing model; Xiamen Island

Abstract

Commercial layout and location strategy is one of the key factors affecting the economic development of the city, and it is also an important basis for the citizens to make optimal decisions to purchase houses. Therefore, the main purpose of this paper is to investigate the relationship between house prices and commercial location in Xiamen in recent years. By inquiring the price data from one of the biggest real estate agency website, according to the satellite map and subject knowledge, the paper summarizes the data, establishes the hedonic pricing model, and carries on the related linear regression analysis on the basis of the model, obtains the results and makes the analysis. Finally, we can conclude that bus stops, seaside parks, shopping malls and other factors have a greater impact on housing prices, but school districts have little impact on housing prices. Most importantly, every increase in shopping center, the housing price will increase 57.93 thousand yuan.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhaosheng Zhang
PY  - 2019/07
DA  - 2019/07
TI  - The price premium for properties near shopping centers: Evidence from China
BT  - Proceedings of the 4th International Conference on Humanities Science, Management and Education Technology (HSMET 2019)
PB  - Atlantis Press
SP  - 393
EP  - 397
SN  - 2352-5398
UR  - https://doi.org/10.2991/hsmet-19.2019.72
DO  - 10.2991/hsmet-19.2019.72
ID  - Zhang2019/07
ER  -