IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v51y2014i1p44-62.html
   My bibliography  Save this article

Identifying the Impact on Land Prices of Replacing At-grade or Elevated Railways with Underground Subways in the Seoul Metropolitan Area

Author

Listed:
  • Jaewoo Lee
  • Keemin Sohn

Abstract

The Seoul metropolitan government (SMG) is considering the replacement of at-grade or elevated railways penetrating the city’s central area with underground subways. The railways once played a key role in forming main transit corridors in the early development stages of the city of Seoul. Now, however, they are a burden in the efforts of the SMG to enhance livability in the vicinity of urban railways. Over the past few decades, the at-grade elevated railways have led to economic deterioration by severing neighbourhoods and causing serious environmental problems such as noise, vibration and an unattractive landscape. The present study focused on laying the empirical groundwork for the SMG to replace at-grade or elevated railways with underground subways. An aggregate-level regression model, in a form similar to a hedonic price model, was developed to identify the net influence of the existence of at-grade or elevated railways on nearby land values. Potential variables that would account for the price of land along urban railways were chosen based on insights and empirical results from previous studies. Statistical tests have verified a significant difference in several variables according to whether a station area belongs to at-grade (or elevated) railways or underground subways. As a result of the regression model, it was confirmed that the land price of areas along at-grade or elevated railways are much less than those along underground railways, all else being equal.

Suggested Citation

  • Jaewoo Lee & Keemin Sohn, 2014. "Identifying the Impact on Land Prices of Replacing At-grade or Elevated Railways with Underground Subways in the Seoul Metropolitan Area," Urban Studies, Urban Studies Journal Limited, vol. 51(1), pages 44-62, January.
    • Handle: RePEc:sae:urbstu:v:51:y:2014:i:1:p:44-62
    DOI: 10.1177/0042098013484543
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0042098013484543
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0042098013484543?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kim, Sungyop & Ulfarsson, Gudmundur F. & Todd Hennessy, J., 2007. "Analysis of light rail rider travel behavior: Impacts of individual, built environment, and crime characteristics on transit access," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(6), pages 511-522, July.
    2. Cervero, Robert & Kang, Junhee & Shively, Kevin, 2009. "From elevated freeways to surface boulevards: neighborhood and housing price impacts in San Francisco," University of California Transportation Center, Working Papers qt33q2012g, University of California Transportation Center.
    3. Bhat, Chandra R. & Guo, Jessica Y., 2007. "A comprehensive analysis of built environment characteristics on household residential choice and auto ownership levels," Transportation Research Part B: Methodological, Elsevier, vol. 41(5), pages 506-526, June.
    4. Khattak, Asad J. & Rodriguez, Daniel, 2005. "Travel behavior in neo-traditional neighborhood developments: A case study in USA," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(6), pages 481-500, July.
    5. Sohn, Keemin & Kim, Daehyun, 2010. "Zonal centrality measures and the neighborhood effect," Transportation Research Part A: Policy and Practice, Elsevier, vol. 44(9), pages 733-743, November.
    6. Sohn, Keemin, 2008. "A systematic decision criterion for the elimination of useless overpasses," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(8), pages 1043-1055, October.
    7. Jinkyung Choi & Yong Lee & Taewan Kim & Keemin Sohn, 2012. "An analysis of Metro ridership at the station-to-station level in Seoul," Transportation, Springer, vol. 39(3), pages 705-722, May.
    8. Miwa Matsuo, 2011. "US Metropolitan Spatial Structure and Labour Accessibility," Urban Studies, Urban Studies Journal Limited, vol. 48(11), pages 2283-2302, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Geoff Boeing, 2020. "Planarity and street network representation in urban form analysis," Environment and Planning B, , vol. 47(5), pages 855-869, June.
    2. Boeing, Geoff, 2019. "Street Network Models and Measures for Every U.S. City, County, Urbanized Area, Census Tract, and Zillow-Defined Neighborhood," SocArXiv 7fxjz, Center for Open Science.
    3. Can Li & Yu Meng & Yingkui Li & Jingfeng Ge & Chaoran Zhao, 2019. "Inter-Metropolitan Land-Price Characteristics and Patterns in the Beijing-Tianjin-Hebei Urban Agglomeration in China," Sustainability, MDPI, vol. 11(17), pages 1-29, August.
    4. Mindell, Jennifer S. & Anciaes, Paulo R. & Dhanani, Ashley & Stockton, Jemima & Jones, Peter & Haklay, Muki & Groce, Nora & Scholes, Shaun & Vaughan, Laura, 2017. "Using triangulation to assess a suite of tools to measure community severance," Journal of Transport Geography, Elsevier, vol. 60(C), pages 119-129.
    5. Jisoo Sim & Cermetrius Lynell Bohannon & Patrick Miller, 2019. "What Park Visitors Survey Tells Us: Comparing Three Elevated Parks—The High Line, 606, and High Bridge," Sustainability, MDPI, vol. 12(1), pages 1-16, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jinkyung Choi & Yong Lee & Taewan Kim & Keemin Sohn, 2012. "An analysis of Metro ridership at the station-to-station level in Seoul," Transportation, Springer, vol. 39(3), pages 705-722, May.
    2. Olaru, Doina & Smith, Brett & Taplin, John H.E., 2011. "Residential location and transit-oriented development in a new rail corridor," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(3), pages 219-237, March.
    3. Kamruzzaman, Md. & Baker, Douglas & Washington, Simon & Turrell, Gavin, 2013. "Residential dissonance and mode choice," Journal of Transport Geography, Elsevier, vol. 33(C), pages 12-28.
    4. Aguiléra, Anne & Voisin, Marion, 2014. "Urban form, commuting patterns and CO2 emissions: What differences between the municipality’s residents and its jobs?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 69(C), pages 243-251.
    5. Guo, Zhan, 2013. "Does residential parking supply affect household car ownership? The case of New York City," Journal of Transport Geography, Elsevier, vol. 26(C), pages 18-28.
    6. Xinyu Cao & Daniel Chatman, 2016. "How will smart growth land-use policies affect travel? A theoretical discussion on the importance of residential sorting," Environment and Planning B, , vol. 43(1), pages 58-73, January.
    7. Janke, Julia, 2021. "Re-visiting residential self-selection and dissonance: Does intra-household decision-making change the results?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 148(C), pages 379-401.
    8. Bodea, Tudor D. & Garrow, Laurie A. & Meyer, Michael D. & Ross, Catherine L., 2009. "Socio-demographic and built environment influences on the odds of being overweight or obese: The Atlanta experience," Transportation Research Part A: Policy and Practice, Elsevier, vol. 43(4), pages 430-444, May.
    9. Jason Cao & Xiaoshu Cao, 2014. "The Impacts of LRT, Neighbourhood Characteristics, and Self-selection on Auto Ownership: Evidence from Minneapolis-St. Paul," Urban Studies, Urban Studies Journal Limited, vol. 51(10), pages 2068-2087, August.
    10. Jia Guo & Tao Feng & Harry J. P. Timmermans, 2020. "Modeling co-dependent choice of workplace, residence and commuting mode using an error component mixed logit model," Transportation, Springer, vol. 47(2), pages 911-933, April.
    11. Mokhtarian, Patricia L & Cao, Xinyu, 2008. "Examining the impacts of residential self-selection on travel behavior: A focus on methodologies," University of California Transportation Center, Working Papers qt8bz3z5qm, University of California Transportation Center.
    12. Mitra, Suman K. & Saphores, Jean-Daniel M., 2019. "Why do they live so far from work? Determinants of long-distance commuting in California," Journal of Transport Geography, Elsevier, vol. 80(C).
    13. Daeyoung Kwon & Sung Eun Sally Oh & Sangwon Choi & Brian H. S. Kim, 2023. "Viability of compact cities in the post-COVID-19 era: subway ridership variations in Seoul Korea," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(1), pages 175-203, August.
    14. Cao, Jason & Ettema, Dick, 2014. "Satisfaction with travel and residential self-selection: How do preferences moderate the impact of the Hiawatha Light Rail Transit line?," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 7(3), pages 93-108.
    15. Jun, Myung-Jin & Choi, Keechoo & Jeong, Ji-Eun & Kwon, Ki-Hyun & Kim, Hee-Jae, 2015. "Land use characteristics of subway catchment areas and their influence on subway ridership in Seoul," Journal of Transport Geography, Elsevier, vol. 48(C), pages 30-40.
    16. Miotti, Marco & Needell, Zachary A. & Jain, Rishee K., 2023. "The impact of urban form on daily mobility demand and energy use: Evidence from the United States," Applied Energy, Elsevier, vol. 339(C).
    17. Md. Kamruzzaman & Simon Washington & Douglas Baker & Wendy Brown & Billie Giles-Corti & Gavin Turrell, 2016. "Built environment impacts on walking for transport in Brisbane, Australia," Transportation, Springer, vol. 43(1), pages 53-77, January.
    18. Xinyu Cao & Patricia L. Mokhtarian, 2012. "The connections among accessibility, self- selection and walking behaviour: a case study of Northern California residents," Chapters, in: Karst T. Geurs & Kevin J. Krizek & Aura Reggiani (ed.), Accessibility Analysis and Transport Planning, chapter 5, pages 73-95, Edward Elgar Publishing.
    19. Mitra, Suman & Yao, Mingqi & Ritchie, Stephen G., 2021. "Gender differences in elderly mobility in the United States," Transportation Research Part A: Policy and Practice, Elsevier, vol. 154(C), pages 203-226.
    20. Wali, Behram & Frank, Lawrence D. & Saelens, Brian E. & Young, Deborah R. & Meenan, Richard T. & Dickerson, John F. & Keast, Erin M. & Fortmann, Stephen P., 2024. "Associations of walkability, regional and transit accessibility around home and workplace with active and sedentary travel," Journal of Transport Geography, Elsevier, vol. 116(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:51:y:2014:i:1:p:44-62. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.