Title :
Impacts of the Daming Palace National Heritage Park construction on the price of surrounding residential
Author :
Lan, Feng ; Wang, Jie-Lin
Author_Institution :
Manage. Sch., Xi´´an Univ. of Archit. & Technol., Tianjin, China
Abstract :
Park on the improvement of urban living environment are increasingly significant and the willing to pay for improvemental amenity has increased day by day. This article uses the hedonic method to study inpacts of the Daming Palace National Heritage Park construction on the price of surrounding residential, and quantify external effects to Economic value. The results indicate:(1) Daming Palace National Heritage Park on the surrounding residential price has a significant positive effect;(2) Daming Palace National Heritage Park affects approximately 2000m;(3) Marginally decrease of 100m in the distance from a house to Daming Palace National Heritage Park leads to 3.9% price increase.
Keywords :
pricing; regression analysis; town and country planning; Daming Palace National Heritage Park construction; economic value; hedonic model; living environment improvement; surrounding residential price; Analytical models; Cities and towns; Economics; Educational institutions; Floors; Daming Palace National Heritage Park; hedonic method; housing price;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5920479
