Research on the Pricing of Endowment Real Estate Based on Principal Component Characteristic Price Model: Guangdong Case

Yu Yan ()
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Yu Yan: Guangdong Ocean University

A chapter in Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate, 2021, pp 1187-1195 from Springer

Abstract: Abstract Based on the principal component semi-logarithmic hedonic price model, 13 indicators are selected from three dimensions: subject characteristics, neighborhood characteristics and regional characteristics of pension institutions to study the pricing of 322 pension institutions in 21 prefectures and cities in Guangdong Province. The results show that the number of beds, the number of stars, the proportion of tertiary industry to GDP, per capita disposable income, per capita GDP, the change rate of service price index, the average price of commercial housing, the number of regional hospitals and the aging rate of population have a significant impact on the price of pension institutions.

Keywords: Hedonic price model; Pension real estate; Service pricing; Population aging (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_80

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DOI: 10.1007/978-981-16-3587-8_80

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