Determining the Impact of Aircraft Noise towards Residential Property Price

Abstract

The objective of this paper is to examine the effect of aircraft noise on residential property price within the case study area, and the main focus of this research was the distance of selected residential housed from Kuching International Airport (KIA). Aircraft noise is a source of noise pollution and act as environment factor that affect the house prices. Environmental disamenities from water and noise pollution will caused the houses to sell at lower price, accounted 20.8% less than houses located in area without noise interference. Apparently, the noise produced by the aircraft has even larger negative impact on house prices as compared to road traffic noise and railway noise. This study adopted quantitative approach in answering the objective of the paper. The findings were based on the secondary data which including 210 property transaction data within year 2015. The range of areas for this study was limited to selected residential terrace houses that located within 10.0 km from Kuching International Airport (KIA). The findings from Multiple Regression Analysis (MRA) shows that the property prices located nearer to the airport (<2.5 km from KIA) in selected case study areas have been sold with lower price. Moreover, the prices of the properties located distance from KIA were not negatively impacted by the aircraft noise due to the other pulling factor that has larger impact to the property. Indeed, the location of the property, public amenities, transportation system, neighborhood factor and facilities also has close relationship to the property price.

Examining Spatial Heterogeneity Effects of Landscape and Environment on the Residential Location Choice of the Highly Educated Population in Guangzhou, China

“…For the former, studies have found parks [24], trees [18], waterfronts [17,25,26], and landmark buildings [27,28] to be attractive to residents. Meanwhile, for the latter, studies have identified transportation infrastructure (such as airports, highways, and railways) [29,30] and municipal infrastructure (such as high-voltage corridors, substations, sewage treatment plants, landfill sites, and signal towers) [31,32], factories [33,34], and logistics centers and wholesale markets [34] to be repelling elements in residential location choices.…”