Measuring the impact of sub-urban transit-oriented developments on single-family home values

Mathur, Shishir; Ferrell, Christopher

doi:10.1016/j.tra.2012.10.014

Cited by 56 publications

(46 citation statements)

References 16 publications

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“…For example, in a recent study on the effect of the proximity to Beijing railway stations on the values of surrounding properties, it was found that while both non-transfer and transfer stations positively affect the price, the impact of transfer stations nearby was more significant [13]. The vital role that public transit plays can also be extended to suburban regions, where the housing units located within the transit-oriented development zones are priced much higher than the units further away [29]. In addition, property value increases due to other retail amenities, such as convenience stores, supermarkets, and drugstores that cater to nearby residents [11,12,16].…”

Section: Housing Development and Data Issues In Chinamentioning

confidence: 99%

Exploring Determinants of Housing Prices in Beijing: An Enhanced Hedonic Regression with Open Access POI Data

Ying

Chen

et al. 2017

IJGI

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Abstract:The housing market in Chinese metropolises have become inflated significantly over the last decade. In addition to an economic upturn and housing policies that have potentially fueled the real estate bubble, factors that have contributed to the spatial heterogeneity of housing prices can be dictated by the amenity value in the proximity of communities, such as accessibility to business centers and transportation hubs. In the past, scholars have employed the hedonic pricing model to quantify the amenity value in relation to structural, locational, and environmental variables. These studies, however, are limited by two methodological obstacles that are relatively difficult to overcome. The first pertains to difficulty of data collection in regions where geospatial datasets are strictly controlled and limited. The second refers to the spatial autocorrelation effect inherent in the hedonic analysis. Using Beijing, China as a case study, we addressed these two issues by (1) collecting residential housing and urban amenity data in terms of Points of Interest (POIs) through web-crawling on open access platforms; and (2) eliminating the spatial autocorrelation effect using the Eigenvector Spatial Filtering (ESF) method. The results showed that the effects of nearby amenities on housing prices are mixed. In other words, while proximity to certain amenities, such as convenient parking, was positively correlated with housing prices, other amenity variables, such as supermarkets, showed negative correlations. This mixed finding is further discussed in relation to community planning strategies in Beijing. This paper provides an example of employing open access datasets to analyze the determinants of housing prices. Results derived from the model can offer insights into the reasons for housing segmentation in Chinese cities, eventually helping to formulate effective urban planning strategies and equitable housing policies.

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Section: Housing Development and Data Issues In Chinamentioning

confidence: 99%

Exploring Determinants of Housing Prices in Beijing: An Enhanced Hedonic Regression with Open Access POI Data

Ying

Chen

et al. 2017

IJGI

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“…USA is an excellent model of TOD application by the case of New York City (Loo et al 2010) and San Jose (Mathur & Ferrell 2013).. Integration of transport and land use in TOD underscore the serious interest to the mixed land use because it is expected to maintain the traffic flow of passanger.…”

Section: Cross-continent Comparison Of the Transport And Land Use Intmentioning

confidence: 99%

Planning TOD with land use and transport integration: a review

Taki

Maatouk

Qurnfulah

et al. 2017

J. Geoscience Eng. Environ. Technol.

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Transit Oriented Development (TOD) implementation in urban development is globally adopted by many countries in the world in a rapid manner. However, the city and regional acute problems is still propagating. An in-depth study to examine this problem is required. Thus, this paper review various study related to the integration of land use and transport with TOD. The subject of the paper will be described as follow: Method, criteria and indicators of TOD'S research, Reviewing the strategic plan and the public transport plan in the worldwide, and Cross-continent comparison of integration planning. In conclusion, practice and integration of TOD through land use and transportation is an alternative solution in acquiring the objective of the master plan and to solve urban issues such as urban congestion, reduce travel time, and car dependency.

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“…To use the transportation sector as an example, local residents in the United States often resist transit-oriented development due to concerns over traffic, home prices and quality of life, particularly with relation to high-density construction and mixed-purpose zoning [ 69]. Community opposition is the primary reason for the termination of the San Francisco Bay Area project, including plans for the Rockridge, Ashby and North Berkeley stations of the Bay Area Rapid Transit system [70]. The public is also quite unreceptive toward road pricing.…”

Section: Limitations and Challengesmentioning

confidence: 99%

Urban carbon governance and the transition toward low-carbon urbanism: review of a global phenomenon

2014

Carbon Management

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Measuring the impact of sub-urban transit-oriented developments on single-family home values

Cited by 56 publications

References 16 publications

Exploring Determinants of Housing Prices in Beijing: An Enhanced Hedonic Regression with Open Access POI Data

Exploring Determinants of Housing Prices in Beijing: An Enhanced Hedonic Regression with Open Access POI Data

Planning TOD with land use and transport integration: a review

Urban carbon governance and the transition toward low-carbon urbanism: review of a global phenomenon

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