Study on the Influence of Central Business District on House Market Price: a Case Study of Nanchang City, China
Junsong Jia, Yueyue Rong, Zhongyu Gu, Dongming Xie
Available Online January 2020.
- https://doi.org/10.2991/icesed-19.2020.28How to use a DOI?
- Central Business District, House Market Price, Influence, Nanchang.
- It is significant to make clear the influence of the city’s central business district (CBD) on the surrounding house market price (HMP), which is reflected by the following indicators: rental and purchase price. Thus, taking Nanchang of China as a case, we choose two CBDs (Bayi Square and Honggutan) to further study this issue in this paper by using the linear regression model. The results showed: with the growth of the distance between the studied community and the CBD, the community’s HMP appeared a diminishing trend. Particularly, for Bayi Square, 1 km growth of the distance between the community and the CBD, indicated that the rental and purchase prices of the community’s house decreased by 167 RMB and 430 RMB/m2, respectively. Similarly, for Honggutan, 1 km distance’s growth indicated that the prices decreased by 150 RMB and 717 RMB/m2. Finally, some suggestions were proposed to help people have a happy life, such as purchasing the house.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Junsong Jia AU - Yueyue Rong AU - Zhongyu Gu AU - Dongming Xie PY - 2020/01 DA - 2020/01 TI - Study on the Influence of Central Business District on House Market Price: a Case Study of Nanchang City, China BT - Proceedings of the 2019 International Conference on Education Science and Economic Development (ICESED 2019) PB - Atlantis Press SP - 351 EP - 355 SN - 2352-5428 UR - https://doi.org/10.2991/icesed-19.2020.28 DO - https://doi.org/10.2991/icesed-19.2020.28 ID - Jia2020/01 ER -