2012
DOI: 10.1016/j.habitatint.2012.01.001
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Developing a simplified parameter for assessing view obstruction in high-rise high-density urban environment

Abstract: a b s t r a c tView is a key factor that influences property price. Previous studies represent view either by simple pictorial description of a scene, or by rather sophisticated mathematical methods. Both hinder proper allocation of a premium for different view obstruction levels for high-rise high-density urban environments. View obstruction level and the applicable premium are useful information for stakeholders of the property market for making optimum decisions. Accordingly, there is a need to develop a si… Show more

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Cited by 5 publications
(5 citation statements)
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“…Therefore, in this latter event, the fact of the obstruction weighs the same as in the event of views with high favourability indices, while the manner of obstruction (how much the view is impaired) has a smaller significance. Regarding the view angle, however, the previously cited assumption of the literature [15,16] that the value-reducing effect of view-restriction would be proportionate to the view angle of the obstructed view, was not confirmed: in all three cases examined, the angle of 0,00 view is practically the same (from the right side, the center and the left side), however, the decreases in value differ significantly. The presumed significant value-reducing effect of ongoing construction is expected to decline over time [27], particularly when the building is finished and the negative effects of the stigma's first appearance are not attached to the construction anymore.…”
Section: Discussionmentioning
confidence: 63%
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“…Therefore, in this latter event, the fact of the obstruction weighs the same as in the event of views with high favourability indices, while the manner of obstruction (how much the view is impaired) has a smaller significance. Regarding the view angle, however, the previously cited assumption of the literature [15,16] that the value-reducing effect of view-restriction would be proportionate to the view angle of the obstructed view, was not confirmed: in all three cases examined, the angle of 0,00 view is practically the same (from the right side, the center and the left side), however, the decreases in value differ significantly. The presumed significant value-reducing effect of ongoing construction is expected to decline over time [27], particularly when the building is finished and the negative effects of the stigma's first appearance are not attached to the construction anymore.…”
Section: Discussionmentioning
confidence: 63%
“…In the most recent literature, authors focus on determining and analysing the field of view. Certain authors consider the view angle as a hedonic variable [15,16]. Fung et al [15] created a simplified model.…”
Section: Literature Reviewmentioning
confidence: 99%
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“…Therefore, in this latter event, the fact of the obstruction weighs the same as in the event of views with high favourability indices, while the manner of obstruction (how much the view is impaired) has a smaller significance. Regarding the view angle, however, the previously cited assumption of the literature (Fung and Lee 2012;Mothorpe and Wyman 2017), that the value-reducing effect of view restriction would be proportionate to the view angle of the obstructed view, was not confirmed: in all three cases examined, the angle of view is practically the same (from the right side, the centre and the left side); however, the decreases in value differ significantly. The presumed significant value-reducing effect of ongoing construction is expected to decline over time (Mundy 1992), particularly when the building is finished and the negative effects of the stigma's first appearance are not attached to the construction anymore.…”
Section: Discussionmentioning
confidence: 67%
“…The minimum sample size was determined based on Equation (1) as recommended by Franklin [30]. This equation has been widely used in similar research studies [31][32][33]. Based on the number of domestic households in Hong Kong, that is, 2.504 million [34], and the number of undergraduate students, that is, 120,000 in 2015/16 [35], the probability of a household with an undergraduate student (p) is 0.048.…”
Section: Minimum Sample Sizementioning
confidence: 99%