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Estimating the influence of transport on house prices: evidence from Hong Kong

Estimating the influence of transport on house prices: evidence from Hong Kong Attempts to analyse the importance of transportation in determining house prices in Hong Kong. Residential property is sold as a package of inherent attributes that are valued by consumers and this analysis classifies them into the following categories: structural, physical and environmental. Specifically, these determinants of housing price include structural attributes such as size, age and floor level of the housing units; amenities such as accessibility to various means of transport; and factors determining the quality of the environment such as availability of recreational facilities. In this study, data were obtained from a large residential area in Hong Kong. Uses a Hedonic price model for estimating the importance of each of the defined utility‐bearing attributes on house prices. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Valuation and Investment Emerald Publishing

Estimating the influence of transport on house prices: evidence from Hong Kong

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Publisher
Emerald Publishing
Copyright
Copyright © 1997 MCB UP Ltd. All rights reserved.
ISSN
0960-2712
DOI
10.1108/14635789710163793
Publisher site
See Article on Publisher Site

Abstract

Attempts to analyse the importance of transportation in determining house prices in Hong Kong. Residential property is sold as a package of inherent attributes that are valued by consumers and this analysis classifies them into the following categories: structural, physical and environmental. Specifically, these determinants of housing price include structural attributes such as size, age and floor level of the housing units; amenities such as accessibility to various means of transport; and factors determining the quality of the environment such as availability of recreational facilities. In this study, data were obtained from a large residential area in Hong Kong. Uses a Hedonic price model for estimating the importance of each of the defined utility‐bearing attributes on house prices.

Journal

Journal of Property Valuation and InvestmentEmerald Publishing

Published: Mar 1, 1997

Keywords: Hong Kong; Models; Prices; Property quality; Public transport

References