Research on the Differentiation Mechanism of Commodity Residential Prices in Shenzhen

Zhuoyuan Chen () and Botong Song
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Zhuoyuan Chen: Shenzhen University
Botong Song: Shenzhen University

A chapter in Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate, 2021, pp 559-572 from Springer

Abstract: Abstract Urban house prices and their spatial variation are hot issues of continuous interest to urban geographers in the twenty-first century. Taking each residential district in Shenzhen as the object of the study, using the data of house price points in the community and the data of points of interest related to the living environment, we reveal the specific influence and spatial differences of the living environment on the house price through the quantitative analysis of geographically weighted regression from the two aspects of house price differences and their influencing factors. The results show that the house prices in Shenzhen are gradually decreasing in the east–west direction from Nanshan District and Futian District to the east, and in the north–south direction from Nanshan District and Futian District to the north; the average price of the ordinary residential community in Shenzhen shows obvious spatial differences, and high house prices are mainly distributed in the city center, near subway stations and high-grade closed communities. The spatial differentiation of housing prices is a structural manifestation and market-oriented response to the socio-spatial differentiation of cities, as well as a comprehensive reflection of the differences in the ability of cities to dispose of resources.

Keywords: House prices; POI; Shenzhen; Spatial heterogeneity; Geographically weighted regression (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-3587-8_36

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DOI: 10.1007/978-981-16-3587-8_36

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