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Impact of Urban Rapid Transit on Residential Property Values

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  • Lin Wang

Abstract

Using Shanghai rapid transit line 8 as an example and hedonic price models, this article explores the impact of urban rapid transit on house prices. It is concluded that the urban rapid transit has a significant incremental effect on prices of houses located within 1.5 km terms of a station. However, each station has a different impact in both range and intensity. In addition, house prices increase most rapidly in years when the rapid transit system starts to build its operation and decrease slightly in the middle of construction.

Suggested Citation

  • Lin Wang, 2010. "Impact of Urban Rapid Transit on Residential Property Values," Chinese Economy, Taylor & Francis Journals, vol. 43(2), pages 33-52, March.
    • Handle: RePEc:mes:chinec:v:43:y:2010:i:2:p:33-52
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    Cited by:

    1. Gao Lu Zou & Kwong Wing Chau, 2015. "Determinants and Sustainability of House Prices: The Case of Shanghai, China," Sustainability, MDPI, vol. 7(4), pages 1-25, April.
    2. Li, Zheng, 2018. "The impact of metro accessibility on residential property values: An empirical analysis," Research in Transportation Economics, Elsevier, vol. 70(C), pages 52-56.

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