To read the full version of this content please select one of the options below:

Estimating the influence of transport on house prices: evidence from Hong Kong

H.M. So (University of Hong Kong, Hong Kong)
R.Y.C. Tse (University of Hong Kong, Hong Kong)
S. Ganesan (University of Hong Kong, Hong Kong)

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 March 1997

Abstract

Attempts to analyse the importance of transportation in determining house prices in Hong Kong. Residential property is sold as a package of inherent attributes that are valued by consumers and this analysis classifies them into the following categories: structural, physical and environmental. Specifically, these determinants of housing price include structural attributes such as size, age and floor level of the housing units; amenities such as accessibility to various means of transport; and factors determining the quality of the environment such as availability of recreational facilities. In this study, data were obtained from a large residential area in Hong Kong. Uses a Hedonic price model for estimating the importance of each of the defined utility‐bearing attributes on house prices.

Keywords

Citation

So, H.M., Tse, R.Y.C. and Ganesan, S. (1997), "Estimating the influence of transport on house prices: evidence from Hong Kong", Journal of Property Valuation and Investment, Vol. 15 No. 1, pp. 40-47. https://doi.org/10.1108/14635789710163793

Publisher

:

MCB UP Ltd

Copyright © 1997, MCB UP Limited