The impact of anticipated transport improvement on property prices: A case study in Hong Kong

Investigating How the Rents of Small Urban Houses are Determined: Using Spatial Hedonic Modeling for Urban Residential Housing in Seoul

“…Physical factors including floor areas, a building's age, and the number of stories, bedrooms, and bathrooms, have proven to be significant to varying degrees [6][7][8][9][10][11][12]. Jun and Kim [12], for instance, found that both floor areas and the number of stories have positive impacts on the monthly rent charged for apartments; the age of a dwelling, however, influences rent negatively.…”

“…They found that the prices of adjacent residential properties increased during the project, with the greatest impacts occurring on houses closer to the area. Jayantha et al [10] identified different groups of location and neighborhood variables, and compared them with previous research on residential property valuations. The effects of two locational factors on housing values were explored: distance to a transport center, and an interaction term comprised of the distance and a dummy for a post-announcement state of a transit improvement project.…”

“…More recently, academics have investigated the effects of these attributes. They encompass access to green and open spaces, access to amenities such as parks, playgrounds, sea views, watercourses, and landscapes, and environmental conditions such as noise and air quality levels [6][7][8][9][10][11][12].…”

“…Tse [17] and Hui et al [7] found that house prices in Hong Kong increased when the residents could clearly enjoy a view of the sea. Jayantha et al [10] asserted that a garden view and a sea view were positively correlated with increases in housing sale prices. Chen and Li [11] also identified a positive impact of stream views on property values, although in this case, a greater distance from a stream had a positive effect, due to water pollution.…”

Tingkat Aksesibilitas Transportasi Publik di Kota Yogyakarta

“…Upaya untuk meningkatkan aksesibilitas suatu kawasan melalui pengembangan jaringan transportasi publik telah terbukti mampu meningkatkan nilai dari suatu kawasan (Smith & Gihring, 2006). Meskipun jenis moda transportasi publik yang dikembangkan serta magnitude yang dihasilkan dari pengembangan jaringan transportasi publik tersebut dapat berbeda-beda (Debrezion, Pels, & Rietveld, 2007), namun berbagai studi kasus yang ada menunjukkan hubungan keterkaitan yang erat antara keberadaan jaringan transportasi publik dengan nilai lahan di suatu kawasan (Efthymiou & Antoniou, 2013;Ibeas, Cordera, Dell'Olio, Coppola, & Dominguez, 2012;Jayantha, Lam, & Chong, 2015;Mulley & Tsai, 2016).…”