Highlights A significant impact of HSR accessibility on housing value is found in the case of the Beijing–Shanghai HSR line. Such impacts vary substantially between provincial capitals and noncapital (medium and small cities) cities. The establishment of the BJHSR service has considerable regional impact (local effect plus spillover effect) on housing value in medium and small cities, whereas its impact in capital cities tends to be localized.
Abstract This study investigates the ex post impact of the Beijing–Shanghai high speed rail (BJHSR) on housing values. A dataset including 1016 housing communities from the 22 cities along the BJHSR line are analyzed in the tradition of the hedonic pricing model using three estimation procedures: a robust ordinary-least square regression, a Box-Cox transformation technique and a spatial econometric model. After controlling for physical characteristics of housing property, neighboring environment and locational accessibility, the study finds that the establishment of the BJHSR service has a considerable regional impact (including local effects and spillover effects) on housing values in medium and small cities but a negligible impact in larger capital cities. This may be the results of the competitive nature of housing market in Chinese capital cities.
Impact of high speed rail on housing values: an observation from the Beijing–Shanghai line
Journal of Transport Geography ; 43 ; 91-100
2015-01-01
10 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Impact of high speed rail on housing values: an observation from the Beijing–Shanghai line
Online Contents | 2015
|Beijing-Shanghai high-speed railway project
IuD Bahn | 2008
|Beijing-Shanghai high-speed railway construction
IuD Bahn | 2011
|British Library Conference Proceedings | 2022
|