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《Journal of Beijing Jiaotong University》 2008-03
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Analysis of Real Estate Value Increment Due to Beijing Metro Line Batong

YANG Guangwu1,KONG Lingyang1,LIANG Qinghuai1,ZHANG Jie1,2(1.School of Civil Engineering and Architecture,Beijing Jiaotong University,Beijing 100044,China;2.China Metro Engineering Consulting Corporation,Beijing 100044,China)  
After the qualitative analysis,a sound methodology framework,hedonic price method,is introduced to calculate the impacts of Beijing Metro Line Batong on real estate value in this study.Based on the data of 40 sample residences along the metro line,we take this method to estimate the value-added of adjacent real estate properties along Line Batong.The regression analysis is carried out by a semilogarithmic model,in which the real estate average price is dependent variable,and the distance to the nearest metro station,the distance to the CBD,the real estate type,the decoration status,and now or futures marketable housing are independent variables.The calculated results indicate that,ceteris paribus,the shorter the distance between a residential property and a metro station, the higher the value of the property.More specifically,the metro station of Metro Line Batong raises the value of adjacent residential properties by RMB 179.3 on average,or approximately 4.43%,which is consistent with the experiential facts.The comparison with the case of Beijing Metro 13,helps to hold its character and direction of the real estate value increment due to Beijing Metro Line Batong.
【CateGory Index】: F572.88;F293.3
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1 Liang Qinghuai1 Kong Lingyang1 Deng Wenbin2(1.Beijing Jiaotong University,Beijing 100044,China; 2.Beijing Infrastructure Investment Co.,Ltd.,Beijing 100086,China);Impact of URT on real estate value: the case of Beijing Metro Line 13[J];China Civil Engineering Journal;2007-04
【Co-citations】
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1 YAO Ying,OU Guo-li(School of Economics and Management,Beijing Jiaotong University,Beijing 100044,China);Analysis of Joint Development on Urban Rail Transit and Real Estate Based on Externality[J];Journal of Beijing Jiaotong University(Social Sciences Edition);2008-04
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