Does bus accessibility affect property prices?

Yang, Linchuan; Zhou, Jiangping; Shyr, Oliver Feng-Yeu; Huo, Da

doi:10.1016/j.cities.2018.07.005

Cited by 105 publications

(66 citation statements)

References 49 publications

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“…The hedonic price method constitutes the most popular mass appraisal technique, mainly due to its ability to allow an understanding forecast of the real estate markets' dynamics. Generally focused on single-family houses and commercial properties [20][21][22][23], hedonic price modelling has been mainly used to assess the effects of social, environmental, and urban characteristics on property values [24][25][26][27][28][29][30], pointing out the weight of urban amenities [31][32][33][34][35][36], environmental externalities [37][38][39][40], access services and neighborhood attributes [41][42][43][44][45], and energetic factors [46][47][48]. Other studies have highlighted the influence of socio-economic factors on the property price formation [49][50][51][52].…”

Section: Background On the Main Mass Appraisal Techniquesmentioning

confidence: 99%

Contextualized Property Market Models vs. Generalized Mass Appraisals: An Innovative Approach

et al. 2019

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The present research takes into account the current and widespread need for rational valuation methodologies, able to correctly interpret the available market data. An innovative automated valuation model has been simultaneously implemented to three Italian study samples, each one constituted by two-hundred residential units sold in the years 2016–2017. The ability to generate a “unique” functional form for the three different territorial contexts considered, in which the relationships between the influencing factors and the selling prices are specified by different multiplicative coefficients that appropriately represent the market phenomena of each case study analyzed, is the main contribution of the proposed methodology. The method can provide support for private operators in the assessment of the territorial investment conveniences and for the public entities in the decisional phases regarding future tax and urban planning policies.

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Section: Background On the Main Mass Appraisal Techniquesmentioning

confidence: 99%

Contextualized Property Market Models vs. Generalized Mass Appraisals: An Innovative Approach

et al. 2019

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“…With a picturesque and unique colonial landscape and cultural attractions, Gulangyu (also known as Gulang Island and Kulangsu) is a small island off the coast of Xiamen, China. Xiamen (formerly called Amoy and presently known as the "Garden on the Sea") is situated in south-eastern Fujian province (Yang, Zhou, & Shyr, 2019), and it is one of the earliest four special economic zones opened to foreign investment and trade in China. The city is now composed of six districts: Siming, Huli, Xiang'an, Tong'an, Jimei, and Haicang.…”

Section: Study Casementioning

confidence: 99%

From Functional Space to Experience Space:

Huang

Yang

2020

IRSPSD International

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Space syntax starts from the ontology of space to quantify the space and uses mathematical logic to reveal and describe the logic of the space structure. However, the application of space syntax analysis to museums in China has rarely been explored. In light of this, this study employs space syntax to analyse the Gulangyu Organ Museum (Xiamen, China) and uses the topological depth, visual graph analysis, and agent simulation to describe the structure of the museum space. Accordingly, several suggestions are proposed, including rearranging the layout of the museum's functions and transforming the museum from functional space to experience space. This study can serve as a valuable reference for the application of space syntax in the design and optimization of space design and functional layout. We believe that the findings of this study can also be applied to other cultural institutions (e.g., galleries) with similar characteristics.

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“…Against such a background, decreasing the motorized-trip frequency, uplifting the proportion of nonmotorized trips (e.g., walking and cycling), and lowering motorized-trip distances have been deemed as critical transportation objectives [1]. To establish an accessible, attractive, and environmentally friendly transport system that fulfills mobility needs, preferences, and demands of city residents is deemed as an effective means to mitigate transportation-related "urban diseases" [1,2].…”

Section: Introductionmentioning

confidence: 99%

“…For example, in 2012, the Ministry of Transport, the Ministry of Finance, and the National Development and Reform Commission of China jointly released the Guidance on Strengthening the Development of Walking and Cycling Systems. However, walking and cycling themselves cannot be solely used to meet medium/long-distance travel demands, but they can serve as feeder modes of transit modes, including but not limited to the subway, bus, ferry, and tram [2,7].…”

Section: Introductionmentioning

confidence: 99%

Last-Mile Travel Mode Choice: Data-Mining Hybrid with Multiple Attribute Decision Making

et al. 2019

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Transit offers stop-to-stop services rather than door-to-door services. The trip from a transit hub to the final destination is often entitled as the “last-mile” trip. This study innovatively proposes a hybrid approach by combining the data mining technique and multiple attribute decision making to identify the optimal travel mode for last-mile, in which the data mining technique is applied in order to objectively determine the weights. Four last-mile travel modes, including walking, bike-sharing, community bus, and on-demand ride-sharing service, are ranked based upon three evaluation criteria: travel time, monetary cost, and environmental performance. The selection of last-mile trip modes in Chengdu, China, is taken as a typical case example, to demonstrate the application of the proposed approach. Results show that the optimal travel mode highly varies by the distance of the “last-mile” and that bike-sharing serves as the optimal travel mode if the last-mile distance is no more than 3 km, whilst the community bus becomes the optimal mode if the distance equals 4 and 5 km. It is expected that this study offers an evidence-based approach to help select the reasonable last-mile travel mode and provides insights into developing a sustainable urban transport system.

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Does bus accessibility affect property prices?

Cited by 105 publications

References 49 publications

Contextualized Property Market Models vs. Generalized Mass Appraisals: An Innovative Approach

Contextualized Property Market Models vs. Generalized Mass Appraisals: An Innovative Approach

From Functional Space to Experience Space:

Last-Mile Travel Mode Choice: Data-Mining Hybrid with Multiple Attribute Decision Making

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