Types of Resident and Price Distribution in Urban Areas: An Empirical Investigation in China Mainland

Abstract

Finding an ideal residence in the city is a common and long-lasting topic for city residents. Therefore, understanding the value composition of urban residences and consumer preference can assist other future consumers in purchasing the appropriate residence in the appropriate urban location. Similarity, this information is helpful to municipal government planners in determining the use of urban land, to real estate developers in choosing where to develop commercial residences, and to the relevant research community in determining the effects of changes on the use of urban land. Although the study on housing prices influencing variables has long attracted scholarly attention, there has been limited research on the types of residences and developers, so it is essential to expand the research on this subject. In the study, Fuzhou, China, serves as the research context. The study employs econometrics to investigate the impact of residence and developer types on housing prices. Based on the study, it is shown that the price of commercial residences can vary depending on the types of residences and developers. The study also revealed that different types of residences and developers are subject to distinct levels of price regulation. In addition, it is found that different housing price impact variables have varying degrees of impact on different types of commercial residences and developers.

Do Consumers Have Colour Aesthetic Preferences for the Facade Materials of Condominium Buildings?

“…These variables are utilised to ensure that the analytical outcomes of this study provide an accurate reference value. The control variables primarily fall into three categories [44,45], namely location environment variables (e.g., the administrative category of the region, whether the location is within the second ring road, whether the location is inside the third ring road, population and GDP per capita) [46][47][48][49], self-characteristic variables (e.g., the type of pure commercial condominiums, whether the developers are within China's top 500, whether the developers originate from Fujian Province, whether the condominium is near a high-quality primary or middle school, whether the condominium was built after 2000, the density of buildings, the greening rate of the community and monthly management fees) [50][51][52][53][54][55][56] and facility accessibility variables (e.g., the distances to the closest rail station, market, grade-A tertiary hospital, green space, main water source, scenic spot, factory, gas station, dump and funeral facilities) [57][58][59][60][61][62][63][64][65][66].…”