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Spatial Structure of Residential Property-Value Distribution in Beijing and Jakarta

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  • Sun Sheng Han

    (Department of Real Estate, School of Design and Environment, National University of Singapore, 10 Kent Ridge Crescent, Singapore 119260)

Abstract

An understanding of metropolitan spatial structure in property-value distribution is essential for international real-estate decisionmaking, yet knowledge accumulated in this area is limited because of data and methodology constraints. The author extends knowledge of the area by examining the spatial distribution pattern of housing prices (instead of the much-studied population and employment distributions) and two Pacific-Asia metropolises (rather than US cities or other cities in developed countries). Data were collected in Beijing, China, and Jakarta, Indonesia, from field reconnaissance surveys and interviews in 2000 and 2001. Digital terrain models were constructed for visualizing the property-value distributions. Profiles of the three-dimensional surfaces were extracted and curve-estimation statistics were used in a series of systematically selected geographical sectors in order to assess the intrametropolitan spatial variations. The findings suggest that neither of the two cities resembles a smooth surface featuring a cone, or the roof of a circus tent. Rather, Beijing's residential property value surface looks like a castellated rooftop, whereas Jakarta's resembles two television towers. The dynamic price terrains in the two cities are shaped by many factors, including their physical settings, history, and institutional frameworks. Intrametropolitan variations in property prices were remarkable in both cities. Properties in each of the systematically defined geographical sectors and in the history-development core show unique profiles and curvefitting statistics different from any other. The findings add to the existing generalizations and modeling exercises in the study of the internal structure of cities.

Suggested Citation

  • Sun Sheng Han, 2004. "Spatial Structure of Residential Property-Value Distribution in Beijing and Jakarta," Environment and Planning A, , vol. 36(7), pages 1259-1283, July.
    • Handle: RePEc:sae:envira:v:36:y:2004:i:7:p:1259-1283
    DOI: 10.1068/a36147
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    References listed on IDEAS

    as
    1. McDonald, John F & McMillen, Daniel P, 1998. "Land Values, Land Use, and the First Chicago Zoning Ordinance," The Journal of Real Estate Finance and Economics, Springer, vol. 16(2), pages 135-150, March.
    2. Giuseppe Arbia, 2001. "The role of spatial effects in the empirical analysis of regional concentration," Journal of Geographical Systems, Springer, vol. 3(3), pages 271-281, November.
    3. Ingram, Gregory K. & Carroll, Alan, 1981. "The spatial structure of Latin American cities," Journal of Urban Economics, Elsevier, vol. 9(2), pages 257-273, March.
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    Cited by:

    1. Murakami, Jin, 2018. "The Government Land Sales programme and developers’ willingness to pay for accessibility in Singapore, 1990–2015," Land Use Policy, Elsevier, vol. 75(C), pages 292-302.
    2. Lin, Tao & Wang, Donggen & Zhou, Meng, 2018. "Residential relocation and changes in travel behavior: what is the role of social context change?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 111(C), pages 360-374.
    3. Jos魍ar𨁍ontero-Lorenzo & Beatriz Larraz-Iribas, 2012. "Space-time approach to commercial property prices valuation," Applied Economics, Taylor & Francis Journals, vol. 44(28), pages 3705-3715, October.
    4. repec:kap:iaecre:v:16:y:2010:i:1:p:39-51 is not listed on IDEAS
    5. Bo Qin & Sun Sheng Han, 2013. "Emerging Polycentricity in Beijing: Evidence from Housing Price Variations, 2001–05," Urban Studies, Urban Studies Journal Limited, vol. 50(10), pages 2006-2023, August.
    6. Zhang, Ming & Wang, Lanlan, 2013. "The impacts of mass transit on land development in China: The case of Beijing," Research in Transportation Economics, Elsevier, vol. 40(1), pages 124-133.
    7. Jose Montero & Beatriz Larraz, 2010. "Estimating Housing Prices: A Proposal with Spatially Correlated Data," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 16(1), pages 39-51, February.
    8. Blane David Lewis, 2007. "Revisiting the Price of Residential Land in Jakarta," Urban Studies, Urban Studies Journal Limited, vol. 44(11), pages 2179-2194, October.

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