The impact of light rail transit station area development on residential property values in Calgary, Canada: Focus on land use diversity and activity opportunities

Choi, Kwangyul; Park, Han John; Uribe, Francisco Alaniz

doi:10.1016/j.cstp.2022.11.008

Cited by 1 publication

(2 citation statements)

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Neighborhood characteristics pertain to the area's features in the vicinity, often including activities such as employment or retail shops, along with attributes associated with transit-oriented development (TOD) environments. These attributes may include mixed land use or mixed activities [49,52,53], land use intensity [45], job-housing balance, or the density of certain population groups [12,54].…”

Section: Hedonic Price Modelmentioning

confidence: 99%

“…Transit-oriented development (TOD) around rail transit stations creates mixed-use spaces, fostering walkable neighborhoods, attracting businesses, and spurring economic growth, resulting in job creation and increased economic activity. Mixed-use opportunities in station areas contribute to nearby property value appreciation [53].…”

Section: Enhancing Quality Of Life Through Station Area Developmentmentioning

confidence: 99%

See 1 more Smart Citation

Influence of Urban Railway Network Centrality on Residential Property Values in Bangkok

Vichiensan,

Wasuntarasook,

Prakayaphun

et al. 2023

Sustainability

View full text Add to dashboard Cite

In recent decades, Bangkok has experienced substantial investments in its urban railway network, resulting in a profound transformation of the city’s landscape. This study examines the relationship between railway development and property value uplift, particularly focusing on network centrality, which is closely linked to urban structure. Our findings are based on two primary analyses: network centrality and spatial hedonic models. The network centrality analysis reveals that closeness centrality underscores the city’s prevailing monocentric structure, while the betweenness centrality measure envisions the potential emergence of urban subcenters. In our hedonic analysis of condominiums near railway stations, we formulated various regression models with different specifications, incorporating spatial effects and network centrality. With Bangkok’s predominant monocentric structure in mind, we found that the spatial regression model, including a spatial error specification and closeness centrality, outperforms the others. This suggests that the impact of railways on property values extends beyond station proximity and encompasses network centrality, intricately linked with the city’s urban structure. We applied our developed model to estimate the expected increase in property values at major interchange stations with high network centralities. These numerical values indicate a considerable potential for their evolution into urban subcenters. These insights offer valuable policy recommendations for effectively harnessing transit-related premiums and shaping the future development of both the railway system and the city.

show abstract

Section: Hedonic Price Modelmentioning

confidence: 99%

Section: Enhancing Quality Of Life Through Station Area Developmentmentioning

confidence: 99%

Influence of Urban Railway Network Centrality on Residential Property Values in Bangkok

Vichiensan,

Wasuntarasook,

Prakayaphun

et al. 2023

Sustainability

View full text Add to dashboard Cite

show abstract

The impact of light rail transit station area development on residential property values in Calgary, Canada: Focus on land use diversity and activity opportunities

Cited by 1 publication

References 34 publications

Influence of Urban Railway Network Centrality on Residential Property Values in Bangkok

Influence of Urban Railway Network Centrality on Residential Property Values in Bangkok

Contact Info

Product

Resources

About