Street greenery is a component of urban green infrastructure. By forming foundational green corridors in urban ecological systems, street greenery provides vital ecological, social, and cultural functions, and benefits the wellbeing of citizens. However, because of the difficulty of quantifying people's visual perceptions, the impact of street-visible greenery on housing prices has not been fully studied. Using Beijing, which has a mature real estate market, as an example, this study evaluated 22,331 transactions in 2014 in 2370 private housing estates. We selected 25 variables that were classified into three categories-location, housing, and neighbourhood characteristics-and introduced an index called the horizontal green view index (HGVI) into a hedonic pricing model to measure the value of the visual perception of street greenery in neighbouring residential developments. The results show that (1) Beijing's homebuyers would like to reside in residential units with a higher HGVI; (2) Beijing's homebuyers favour larger lakes; and (3) Beijing's housing prices were impacted by the spatial development patterns of the city centre and multiple business centres. We used computer vision to quantify the street-visible greenery and estimated the economic benefits that the neighbouring visible greenery would have on residential developments in Beijing. This study provides a scientific basis and reference for policy makers and city planners in road greening, and a tool for formulating street greening policy, studying housing price characteristics, and evaluating real estate values.
Street greenery, an important urban landscape component, is closely related to people’s physical and mental health. This study employs the green view index (GVI) as a quantitative indicator to evaluate visual greenery from a pedestrian’s perspective and uses an image segmentation method to calculate the quantity of visual greenery from Tencent street view pictures. This article aims to quantify street greenery in the area within the sixth ring road in Beijing, analyse the relations between road parameters and the GVI, and compare the visual greenery of different road types. The authors find that (1) the average GVI value in the study area is low, with low-value clusters inside the third ring road and high-value clusters outside; (2) wider minor roads tend to have higher GVI values than motorways, major roads and provincial roads; and (3) longer roads, except expressways, tend to have higher GVI values. This case study demonstrates that the GVI can effectively represent the quantity of visual greenery along roads. The authors’ methods can be employed to compare street-level visual greenery among different areas or road types and to support urban green space planning and management.
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