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The Influence of Urban Rapid Rail Transit on Residential Price in Tianjin

Author: ZhangChaoFeng
Tutor: ShangTianCheng；LiShuMao
School: Tianjin University
Course: Project Management
Keywords: Urban Rail Transit Housing Price Hedonic price function
CLC: F293.3
Type: Master's thesis
Year: 2009
Downloads: 123
Quote: 1
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Abstract


China 's urban rail transit construction started late , but the momentum of rapid development in recent years , such as Tianjin and other local governments to accelerate the pace of construction of urban rail transit planning has been approved . However , China's urban rail transit at this stage there is the problem of shortage of funds for construction , operators difficult to balance income and expenditure ; but at the same time , the external benefits generated by urban rail transit along the residential real estate owners and users been unpaid enjoy , did not should benefit from the return of urban rail transit . In the current macroeconomic context , urban rail transit construction and residential development are urgent need for new impetus to the development . Therefore, the study of urban rail traffic along residential prices has important theoretical significance and practical value , will provide the necessary quantitative reference Tianjin urban rail transit construction , as well as to provide reference data for the residential development market . The thesis describes the background and significance of the research , the research status is reviewed . Then analyze the traffic of technological progress to guide the evolution of urban form theory theoretical basis to study the influencing factors of urban residential prices , the impact of the economic characteristics of urban rail transit and urban rail traffic along the residential value-added . Select hedonic price model through the analysis of the advantages and disadvantages of the various research methods , analysis of Tianjin Metro Line 1 along the residential price changes , establish the price impact of Tianjin subway along residential hedonic price function . The use of this function research in the construction of the Tianjin Metro Line No.2 and 3 along residential prices . Impact by univariate and multivariate analysis, quantitative research the Tianjin Metro along residential prices have significant space and time , residential to the subway station distance was negatively correlated with the changes in housing prices ; distance residential subway station to the rail transportation center station run time and changes in housing prices was a negative correlation ; Tianjin subway along residential prices ahead of time , and began construction on the subway or announced construction along residential prices will rise ; subway the impact along residential prices in the initial magnitude greater impact , effectiveness spillover , then gradually decreasing over time .

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CLC: > Economic > Economic planning and management > Urban and municipal economy > Urban Economics and Management > The real estate economy
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