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Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China

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  • Pengyu Ren

    (College of Architecture and Urban Planning, Chongqing Jiaotong University, Chongqing 400074, China
    School of Management Science and Real Estate, Chongqing University, Chongqing 400044, China)

  • Zhaoji Li

    (School of Management Science and Real Estate, Chongqing University, Chongqing 400044, China)

  • Weiguang Cai

    (School of Management Science and Real Estate, Chongqing University, Chongqing 400044, China)

  • Lina Ran

    (School of Management Science and Real Estate, Chongqing University, Chongqing 400044, China)

  • Lei Gan

    (School of Management Science and Real Estate, Chongqing University, Chongqing 400044, China)

Abstract

The impact of urban rail transit on housing prices has attracted the extensive attention of scholars, but few studies have explored the heterogeneous impact of rail transit on housing prices with different price levels. To solve this problem, we adopted the hedonic price model based on ordinary least squares regression as a supplementary method of quantile regression to study the heterogeneous impact of the Chengdu Metro system on low-, middle-, and high-priced housing. The result shows that the housing price rises first, then falls with the distance from the housing to the nearest subway station. Besides, the influence of transportation accessibility on low-, middle-, and high-priced housing decreases progressively. This research can provide a reference for the government’s transportation planning and decision-making.

Suggested Citation

  • Pengyu Ren & Zhaoji Li & Weiguang Cai & Lina Ran & Lei Gan, 2021. "Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China," Land, MDPI, vol. 10(12), pages 1-15, December.
    • Handle: RePEc:gam:jlands:v:10:y:2021:i:12:p:1330-:d:694418
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    References listed on IDEAS

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