Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/61514
Title: Spatial spillover effect of urban landscape views on property price
Authors: Hui, ECM 
Liang, C
Keywords: Accessibility
Amenities
CBD
Housing markets
Spatial durbin model
Spillover effect
Urban landscape view
Issue Date: 2016
Publisher: Pergamon Press
Source: Applied geography, 2016, v. 72, p. 26-35 How to cite?
Journal: Applied geography 
Abstract: This paper attempts to investigate the spatial spillover effects of urban landscape views and the accessibility to amenities on the property price in CBD of Guangzhou city via spatial econometric analysis. The paper overcomes the shortcomings of the previous studies by employing an improved spatial weight matrix and providing a series of reasonable spatial model selection procedures. In addition to investigating the direct and indirect (spillover) effects, this study further explores the partitioning of direct and indirect effects, and finds out the impacts of the neighboring characteristics from close distance (immediate neighbors) to the far away distance on property price. Its key finding suggests that people in CBD are willing to pay an extra premium for enjoying a better environment. It provides useful message to urban planners and developers that new properties can be built in the neighborhood of parks, enabling potential investors to have a park view.
URI: http://hdl.handle.net/10397/61514
ISSN: 0143-6228 (print)
1873-7730 (online)
DOI: 10.1016/j.apgeog.2016.05.006
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

SCOPUSTM   
Citations

3
Last Week
0
Last month
Citations as of Aug 18, 2017

WEB OF SCIENCETM
Citations

2
Last Week
0
Last month
Citations as of Aug 13, 2017

Page view(s)

19
Last Week
1
Last month
Checked on Aug 13, 2017

Google ScholarTM

Check

Altmetric



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.