2010•Chinese EconomyRequires access

Impact of Urban Rapid Transit on Residential Property Values

Lin Wang

Abstract

Using Shanghai rapid transit line 8 as an example and hedonic price models, this article explores the impact of urban rapid transit on house prices. It is concluded that the urban rapid transit has a significant incremental effect on prices of houses located within 1.5 km terms of a station. However, each station has a different impact in both range and intensity. In addition, house prices increase most rapidly in years when the rapid transit system starts to build its operation and decrease slightly in the middle of construction.

About this research paper

What this paper is about

Why it matters

OpenAlex reports 16 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Key concepts: Transit (satellite), Rapid transit, Residential property, Hedonic pricing, Property value, Transport engineering, Urban transit, Range (aeronautics)