2011•Scientific and Technological Management of Land and ResourcesRequires access
Impact of Metro Construction on Land Price:A Case Study of No.1 Metro in Nanjing City
Huang Xian-jin
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Abstract
This paper reviews the literature about the impact of metro on the land and property price by domestic and oversea researchers,builds up an econometric model of the impact of metro construction on urban land price,and studies the law of the impact of metro operation on land price of Nanjing City based on the hedonic price model as well as other features influencing land price.The result indicates that the influence of metro on land price varies from downtown to suburban district,and the increase of distance between a certain area and a metro station would lead to the fall of land price.The increment of the land price caused by the metro provides useful references for the government to evaluate and supervise land price.