Typological differentiation and time-series effects of urban renewal on housing prices

Wu, Si-Min; Deng, Yu

doi:10.1016/j.cities.2023.104668

Cited by 4 publications

(1 citation statement)

References 55 publications

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“…This oversight has resulted in a subdued understanding of the correlation between different types of regeneration projects and their economic effects. Recognizing this gap, some scholars have initiated cross-type studies, classifying projects by various criteria, such as connection to existing sites [14], applicant groups [51], land use [52], and so on. Compared to Western and other developed regions, urban regeneration projects are officially classified by renewal approach in some cities of China, including rehabilitation, revitalization, and redevelopment [53].…”

Section: The Correlation Between Urban Regeneration Characteristics A...mentioning

confidence: 99%

Positive or Negative: The Heterogeneities in the Effects of Urban Regeneration on Surrounding Economic Vitality—From the Perspective of Housing Price

Yuan,

2024

Land

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Urban regeneration is a sound, sustainable urban development strategy globally. In China, promoting urban regeneration has become the national sustainable urban strategy. Under the resource constraint, it is necessary to understand what benefits different types of urban regeneration projects can contribute to urban development. Much research has contributed to evaluating the benefits of urban regeneration on the project scale. The systematic investigation of their effects on surrounding economic vitality, especially the comparison between different types of projects, is relatively downplayed. This paper aims to evaluate and compare the effects of urban regeneration projects on surrounding economic vitality by calculating the change in housing prices. Chongqing is selected as the case city. Based on the housing transaction data from 2015 to 2021, a staggered difference-in-difference method is employed to capture the results. The finding shows that the overall effects are significantly negative, especially within a 400–800 m radius. Higher investment or better project location relates to stronger negative effects. Moreover, the differences in effects among the three types of urban regeneration projects are clearly revealed from diverse perspectives. It provides a valuable reference for policymakers and urban planners to make urban regeneration planning better by considering comprehensive benefits.

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Section: The Correlation Between Urban Regeneration Characteristics A...mentioning

confidence: 99%

Positive or Negative: The Heterogeneities in the Effects of Urban Regeneration on Surrounding Economic Vitality—From the Perspective of Housing Price

Yuan,

2024

Land

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Differential impacts of urban revitalization projects on land prices: A case study of Seongnam, South Korea

2024

Cities

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Exploring the Impacts of Transit-Oriented Development Housing Stock and Built Environments on Housing Costs in Twenty-Six U.S. Metropolitan Areas

Singer

2024

Urban Affairs Review

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There is general agreement that high housing costs in transit-oriented developments (TODs) largely stem from housing supply shortages. However, the debate persists on whether supply-side efforts could reduce housing costs in TODs. This paper contributes to this debate by examining the impacts of TOD housing stock and built environments on housing costs. The block groups of twenty-six U.S. metropolitan areas were classified into six categories based on proximity to rail, housing density, and walkability. The studied metropolitan areas were grouped into three clusters based on housing and transit characteristics. Results from multilevel regressions partly support supply-side efforts, including “missing-middle” housing, showing that in two of the clusters, a larger share of metropolitan TOD housing units is associated with lower TOD rents. However, the results also show the limits of supply-side efforts to lower costs in metropolitan areas where housing in TODs is more expensive than the metropolitan average.

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Typological differentiation and time-series effects of urban renewal on housing prices

Cited by 4 publications

References 55 publications

Positive or Negative: The Heterogeneities in the Effects of Urban Regeneration on Surrounding Economic Vitality—From the Perspective of Housing Price

Positive or Negative: The Heterogeneities in the Effects of Urban Regeneration on Surrounding Economic Vitality—From the Perspective of Housing Price

Differential impacts of urban revitalization projects on land prices: A case study of Seongnam, South Korea

Exploring the Impacts of Transit-Oriented Development Housing Stock and Built Environments on Housing Costs in Twenty-Six U.S. Metropolitan Areas

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