A Research of Benchmark Town Land Price Based on the Hedonic Price Model

To appraise benchmark town land price in compliance with relevant state regulations will go against the features of land price,its procedures in the appraisal results thus depend much on the experience of the appraisers.On the basis of Hedonic price model,this paper constructs a zone land price model,and formulates a whole set of procedures to appraise the benchmark town land price.This method will generate reasonable and objective appraisal results through reducing the(appraisers') influence to the least.It has been applied in updating the benchmark land price of Changsha City,and produced excellent results.