Impact of Urban Rail Transit on Residential Property Values in Hangzhou

Lian Fa Ruan; Jing Ping Yin

doi:10.4028/www.scientific.net/AMM.580-583.1306

Paper Titles

Water Inrush Risk Evaluation into the Tanjiaba Tunnel
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Numerical Analysis of Two Structural Schemes of the HK-Zhuhai-Macau Immersed Tunnel
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The Deformation Characteristics Analysis of Metro Tunnel in Complicated Geological Conditions
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Auger Bored Piles Application Works in the Subway
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Impact of Urban Rail Transit on Residential Property Values in Hangzhou
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Dynamic Accumulation Damage Characteristics of Initial Cracks for the Lining of High-Speed Railway’s Tunnel
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A Numerical Investigation on Time-Dependent Failure of Tunnels Based on the Long-Term Strength Characteristics of Rocks
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Measurement and Research on Broken Zone of Surrounding Rock in Cha Zhen Tunnel
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Numerical Simulation Study on Three-Step Method Construction for Neighborhood Tunnel
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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 580-583Impact of Urban Rail Transit on Residential...

Impact of Urban Rail Transit on Residential Property Values in Hangzhou

Abstract:

This research investigates the impact of the first metro line (Line 1) in Hangzhou on its station-area residential property values. A hedonic pricing model shows that Line 1 had a statistically significant and positive effect on residential prices in its operation period. Compared with its construction phase, the impact did not change significantly, indicating that metro rail transit had a long-term positive influence on the station-area property values. These findings suggest that such capitalization is likely to lead to high-density and transportation-oriented development. While planning the urban rail transit system, such impact should be fully considered.

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Periodical:

Applied Mechanics and Materials (Volumes 580-583)

Pages:

1306-1310

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.580-583.1306

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Online since:

July 2014

Authors:

Lian Fa Ruan, Jing Ping Yin

Keywords:

Hedonic Pricing, Residential Property Value, Urban Rail Transit

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