Quantitative research on the increase of residential price alongside the urban rail transit cased studies in Zhengzhou metro line 1

Author

Honglei, Zhao ; Yanfei, Sun

Author_Institution

Dept. of Civil Eng., Henan Inst. of Eng., Zhengzhou, China

fYear

2011

fDate

22-24 April 2011

Firstpage

572

Lastpage

574

Abstract

Urban Rail Transit is a safe, comfortable, convenient, fast, effective and environment-friendly urban infrastructure system. In many large cities, Urban Rail Transit plays an active and key role to alleviate problems such as traffic congestions, air pollution and so on. At the same time, it brings an increase in real estate price. In this dissertation, according to their locations 12 stations of Zhengzhou Metro Line 1 are divided into two groups. Hedonic Price Model is chosen. Each group data is analyzed by regression analysis with SPSS software, to research the different impact regulations of the Zhengzhou Urban Rail Transit to the residential price along the route. In the research, the exact values are obtained which is significant for persons of Urban Rail Transit and the real estate business.

Keywords

mathematics computing; pricing; property market; railways; rapid transit systems; regression analysis; SPSS software; Zhengzhou metro line 1; air pollution; environment friendly urban infrastructure system; hedonic price model; quantitative research; real estate business; regression analysis; residential price increase; traffic congestions; urban rail transit; Adaptation model; Analytical models; Cities and towns; Data models; Economics; Rails; Software; Hedonic Price Model; Urban Rail Transit; Zhengzhou; quantitative research; residential price;

fLanguage

English

Publisher

ieee

Conference_Titel

Electric Technology and Civil Engineering (ICETCE), 2011 International Conference on

Conference_Location

Lushan

Print_ISBN

978-1-4577-0289-1

Type

conf

DOI

10.1109/ICETCE.2011.5776087

Filename

5776087