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

DOI

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.

Copyright

© 2015, 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  - 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  - Proceedings of the 2015 AASRI International Conference on Circuits and Systems
PB  - Atlantis Press
SP  - 349
EP  - 352
SN  - 2352-538X
UR  - https://doi.org/10.2991/cas-15.2015.83
DO  - 10.2991/cas-15.2015.83
ID  - Gaolu2015/08
ER  -