Intercity passenger rail impact on housing

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Chapter 5 in High Speed Rail and China’s New Economic Geography, 2019, pp 126-146 from Edward Elgar Publishing

Abstract: Chapter 5 further evaluates the housing impact of HSR with a focus on China’s metropolitan intercity HSR systems. The chapter investigates the spatial impact of urban transit systems on urban housing prices in three metropolitan areas: Guangzhou, Wuhan and Chengdu. Based on a data set of 7,348 housing properties, a spatial hedonic modeling approach is adopted to explore the impacts of urban mass transit systems in general and by specific mode (bus, metro and IPR) on urban housing prices in the three different metropolitan areas. The study finds a positive effect of the newly deployed intercity passenger rail services on housing price, but the spatial impacts of urban transit systems vary substantially across different metro areas.

Keywords: Asian Studies; Economics and Finance; Geography; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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