Identifying spatiotemporally-varying effects of a newly built subway line on land price: Difference and correlation between commercial and residential uses

Kim, Suji; Byun, Jihye

doi:10.1080/15568318.2020.1789248

Cited by 10 publications

(9 citation statements)

References 31 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Urban rail transit can create a land value uplift for residential and commercial land, with the influence felt in advance of construction. is finding was consistent with other studies [22,24]. However, similar to other research, these studies are based on the geographical structure of urban rail transit.…”

Section: Discussionsupporting

confidence: 93%

See 1 more Smart Citation

Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective

2021

View full text Add to dashboard Cite

Urban rail transit can improve a city’s accessibility. However, high construction and operation costs restrict the development of urban rail transit. Value capture recoups the additional value that the investments of urban rail transit confer to local land and is considered to be an effective measure to alleviate this financial problem. Understanding the land value uplift effects of urban rail transit is essential for understanding value capture. This study applied a Space-P model of urban rail transit network based on complex network theory and demonstrated the influence of urban rail transit network characteristics on residential and commercial land prices. The model was tested with eight metropolises in China, using the 2003 to 2022 timeframe as the context. The results showed a significant positive correlation between the number of nodes and the land prices, the average clustering coefficient was highly positively correlated with the land prices, and there was a significant negative correlation between the average path length and the land prices. This study provides theoretical support for value capture, is beneficial for urban rail transit planning, and supports improvements in the development quality of urban rail transit networks.

show abstract

Section: Discussionsupporting

confidence: 93%

“…e land values associated with different land-use types are affected by urban rail transit to different degrees [22]. Urban rail transit has a significant impact on commercial and residential land.…”

Section: E Influence Of Urban Rail Transit On Property Valuesmentioning

confidence: 99%

Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective

2021

View full text Add to dashboard Cite

show abstract

“…1. The literature can be divided into three categories: (1) discussing UUS utilisation in both new towns and other urban areas (Duffaut, 2006;Jung et al, 2015;Kim and Byun, 2021;Li et al, 2013;Li et al, 2016;Ling, 2012;Luo et al, 2020;Miyoshi et al, 1979;Qian, 2016;Qiao and Peng, 2016;Wallace and Ng, 2016;Xu et al, 2015;Yang and Peng, 2016;Zhang, 2018;Zhang et al, 2019b;Zhao et al, 2014); (2) discussing both ground and underground spaces in new towns (Anderson, 2015;Antonson et al, 2017;Cervero, 1995;Cho and Kim, 2017;Clout, 1988;Firman, 2004;Gohaud and Baek, 2017;Hao et al, 2019;Jun, 2012;Jun et al, 2013;Kim and Song, 2015;Lee and Yoon, 2019;Lee et al, 2005;Marti and Masnou, 2014;Merlin, 1980;Ong, 2014;Park, 2011;Qian, 2011;Rumbach, 2014;Seelig, 2011;Seik, 2001;Sun and Hu, 2011;Wang and Heath, 2010;Wu et al, 2019;Xue and Zhou, 2007;…”

Section: Methodsmentioning

confidence: 99%

“…In Tokyo, a subway line originates at Tama New Town, runs through central Tokyo, and terminates at Chiba New Town (Miyoshi et al, 1979). In Daejeon, Korea, a subway line connects a new residential town in the northwest area with the old downtown in the southeast (Kim and Byun, 2021). In Seoul's new towns (e.g.…”

Section: The Forms and Scale Of Underground Space Utilisation For New...mentioning

confidence: 99%

Underground space utilisation and new town development: Experiences, lessons and implications

Lin

Broere

Cui

2022

Tunnelling and Underground Space Technology

View full text Add to dashboard Cite

“…Woudsma et al [ 19 ] proposed that there is a connection between transportation and land use. Kim and Byun analyzed the impact of subway stations on commercial land value and used the methods of linear regression and regression analysis to determine the significant impact of subway stations on commercial land prices [ 20 ], and on this basis, established a model of the spatial relation between land price and distance. Bertolini et al noted that the redevelopment of railway stations and surrounding areas has been high on the agenda of European cities for more than two decades [ 21 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Past—Present—Future: Urban Spatial Succession and Transition of Rail Transit Station Zones in Japan

Zhuang

Zhang²,

2022

IJERPH

View full text Add to dashboard Cite

In today’s environmentally conscious society, advocated by a global point of view, land and building use around rail transit stations have changed in the urbanization process. Promoting urban construction and development centered on rail transit stations not only meets the actual needs of urban sustainable development but is also an important means to guide the development of innovative cities. Therefore, it is meaningful to study the characteristics of urban spatial succession, development rules, and future trends based on this new perspective. We analyzed the relationship between rail transit networks and urban form in Japan using GIS by investigating changes in land and building use around rail transit stations over 30 years in the 1980s, 1990s and 2000s (from 1985–2010) using factor analysis and cluster analysis, and we discussed the impact of land consolidation planning and the setting and site selection of new stations based on urban development to understand the development trends inside and outside station zones and urban spatial succession. The results showed the following: (1) There are certain relationships between the development of urban form and traffic demand, and the rail transit network in Japan has the characteristics of high accessibility and aggregation of a small network; (2) Commercial development with a high plot ratio is dispersed and diverted by high-density rail transit stations in the commercial center of Japan; and (3) Commercial sub-centers form complexes by integrating multi-line transfers and form regional linkages through clustered commercial development. Regional business centers realize the agglomeration and radiation of functions through the compound development of station zones. This case study on rail transit zones and urban spatial succession in Japan has important enlightenment significance for urban construction toward optimizing the location and development of suburban rail transit lines, promoting the compact development of cities, exploring new ways to build more reasonable transport, planning city design and layout for rail transit station zones, and providing decision-making references for urban regeneration and sustainable development.

show abstract

Identifying spatiotemporally-varying effects of a newly built subway line on land price: Difference and correlation between commercial and residential uses

Cited by 10 publications

References 31 publications

Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective

Impact of Urban Rail Transit Network on Residential and Commercial Land Values in China: A Complex Network Perspective

Underground space utilisation and new town development: Experiences, lessons and implications

Past—Present—Future: Urban Spatial Succession and Transition of Rail Transit Station Zones in Japan

Contact Info

Product

Resources

About