Green space relations with residential values in downtown Tokyo – implications for urban biodiversity conservation

The Physiological and Psychological Effects of Windows, Daylight, and View at Home: Review and Research Agenda

“…One would expect the same to be true of residential buildings -that improving the quality of the light should increase its value. Economists who study real estate use what they call hedonic models to analyse the factors that explain real-estate valuations (Gao & Asami, 2001;Kumagai & Yamada, 2008;Samaha & Kamakura, 2008). Although we did not conduct an exhaustive literature search for hedonic models of house prices, few investigations appeared to have included subjective assessments of architectural quality as a predictor (Wilhelmsson, 2002), and none appear to have included objective measures of windows or daylight as predictors.…”

“…Although we did not conduct an exhaustive literature search for hedonic models of house prices, few investigations appeared to have included subjective assessments of architectural quality as a predictor (Wilhelmsson, 2002), and none appear to have included objective measures of windows or daylight as predictors. Neighbourhood predictors that are relevant here include access to green space (Gao & Asami, 2001;Kumagai & Yamada, 2008) and sunshine hours (Gao & Asami, 2001), both of which are positively related to housing prices in Japan. A better understanding of how people value windows, view, and daylight in homes in an economic sense would help in the evaluation of the trade-offs between additional windows to provide view and daylight, versus the additional building and operating costs.…”

Impact of urban green space attribute on visitors' satisfaction in Putrajaya: Malaysia

“…Green open space promotes the physical quality of urban areas and hence increases their economic value. The desire of urban residents to live in close proximity with nature was demonstrated by residents of Tokyo in their willingness to pay additional rental charges if green space could be reinstated (Kumagai and Yamada, 2008). This portrays how a green space enhances the satisfaction of urban residents.…”

Does Proximity to Water Bodies Impacts Market Values of Residential Properties? Case Study of Diyawannawa Lake Area

“…For economic, social, psychological, cultural, and environmental reasons, a growing number of people are moving to and living in urban areas (Kumagai and Yamada, 2008). The natural environment has a greater impact on urban life (Kaplan and Kaplan 1989).…”

“…The natural environment has a greater impact on urban life (Kaplan and Kaplan 1989). Due to urbanization, industrialization, and population growth, the availability of environmental assets and amenities has become a vital issue (Kumagai and Yamada, 2008). Alam et al (2014) stated that the undesirable and excess of human activity within the city is disturbing its ecosystem.…”