Study on the Factors Influencing Housing Price Based on the Radiation Effect of Commercial Center

Jixiang Wang (), Yongxiang Wu () and Lu Yu
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Jixiang Wang: Harbin Institute of Technology, School of Management
Yongxiang Wu: Harbin Institute of Technology, School of Management
Lu Yu: Harbin Institute of Technology, School of Management

A chapter in Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), 2024, pp 1683-1691 from Springer

Abstract: Abstract By analogy with the electromagnetic radiation effect in physics, the commercial center has a radiation effect on housing price. The author establishes a model of the radiation effect of commercial center on housing price. Select the brand influence, scale and distance of the commercial center as the characteristic indicators, Hedonic Price Model (HPM) is used to solve the model. 200 houses in Dao Li District of Harbin were selected for research. The results show that brand influence has a significant influence on housing price, influence coefficient is 0.024. The distance of commercial center has significant influence on residential buildings, influence coefficient is −0.026. The scale of commercial center and brand influence has collinearity.

Keywords: Housing Price; Commercial Center; HPM; Intensity of radiation effect (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-256-9_171

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