“…In this context, the main empirical advances are observed in hedonic modelling of property markets as the most appropriate tool for analysing implicit prices of composite goods based on the theoretical framework developed by Lancaster (1966) and Rosen (1974). In the existing body of knowledge only a small number of studies has focused on the modelling techniques that reduce bias in the parameter estimates for better statistical inference to help informed decision-making (Dubé & Legros, 2014;Pace, Barry, Gilley, & Sirmans, 2000;Smith & Wu, 2009;Sun, Tu, & Yu, 2005). Additional to its central aim of extending the property price equation to include design quality determinants, this paper builds upon previous hedonic studies based on design quality through an applied methodology that accounts for the spatial and temporal dimensions of property transaction data.…”