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- Publisher Website: 10.1007/978-981-10-6190-5_60
- Scopus: eid_2-s2.0-85044371157
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Conference Paper: Estimating the Walking Accessibility Premiums
Title | Estimating the Walking Accessibility Premiums |
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Authors | |
Issue Date | 2018 |
Publisher | Springer. |
Citation | Proceedings of the 21st International Symposium on Advancement of Construction Management and Real Estate (CRIOCM 2016), Hong Kong, 14-17 December 2016, p. 665-675 How to Cite? |
Abstract | Walking is a critical eco-friendly travel mode. Walking accessibility, the ease to reach essential destinations in the walk-in catchment area of a property, may affect this property’s price as good walking accessibility is significant from the perspective of mobility enhancement. Based on 1840 housing units in 380 multi- or high-story residential complexes in Xiamen Island, China, the paper develops a set of hedonic price models (one pre-specified and three Box-Cox transformed functional forms) to estimate, whether and to what extent, walking accessibility offers price premiums. It finds the followings: walking accessibility measures are highly robust and significant in all model specifications; walking accessibility contributes to explaining the variations in housing prices; walking accessibility to education and commercial facilities exerts positive effects on housing prices; walking accessibility to comprehensive hospitals affects housing prices negatively. |
Description | The conference was organized by the Chinese Research Institute of Construction Management (CRIOCM) working in close collaboration with the University of Hong Kong |
Persistent Identifier | http://hdl.handle.net/10722/263259 |
ISBN |
DC Field | Value | Language |
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dc.contributor.author | Yang, L | - |
dc.date.accessioned | 2018-10-22T07:36:03Z | - |
dc.date.available | 2018-10-22T07:36:03Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | Proceedings of the 21st International Symposium on Advancement of Construction Management and Real Estate (CRIOCM 2016), Hong Kong, 14-17 December 2016, p. 665-675 | - |
dc.identifier.isbn | 9789811061899 | - |
dc.identifier.uri | http://hdl.handle.net/10722/263259 | - |
dc.description | The conference was organized by the Chinese Research Institute of Construction Management (CRIOCM) working in close collaboration with the University of Hong Kong | - |
dc.description.abstract | Walking is a critical eco-friendly travel mode. Walking accessibility, the ease to reach essential destinations in the walk-in catchment area of a property, may affect this property’s price as good walking accessibility is significant from the perspective of mobility enhancement. Based on 1840 housing units in 380 multi- or high-story residential complexes in Xiamen Island, China, the paper develops a set of hedonic price models (one pre-specified and three Box-Cox transformed functional forms) to estimate, whether and to what extent, walking accessibility offers price premiums. It finds the followings: walking accessibility measures are highly robust and significant in all model specifications; walking accessibility contributes to explaining the variations in housing prices; walking accessibility to education and commercial facilities exerts positive effects on housing prices; walking accessibility to comprehensive hospitals affects housing prices negatively. | - |
dc.language | eng | - |
dc.publisher | Springer. | - |
dc.relation.ispartof | Proceedings of the 21st International Conference on Advancement of Construction Management and Real Estate, CRIOCM 2016 | - |
dc.title | Estimating the Walking Accessibility Premiums | - |
dc.type | Conference_Paper | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1007/978-981-10-6190-5_60 | - |
dc.identifier.scopus | eid_2-s2.0-85044371157 | - |
dc.identifier.hkuros | 294259 | - |
dc.identifier.spage | 665 | - |
dc.identifier.epage | 675 | - |
dc.publisher.place | Singapore | - |