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The Micro Factors And Empirical Research On Urban Land Price

Posted on:2005-11-09Degree:DoctorType:Dissertation
Country:ChinaCandidate:G H ZhouFull Text:PDF
GTID:1116360122470674Subject:Business management
Abstract/Summary:PDF Full Text Request
City is the result of human society's long development. Urban land is an indispensable element of the city's production and management. In the market economy, urban land - the important resource can only be optimally allocated under the market mechanism. Urban land price is the key to the functioning of urban land market. Therefore, it is very important for us to study the influencing factors and the functioning mechanism of the urban land price.Because of the fixity and non-movability of the urban land, the urban land market is characterized by its separability and zonality. The factors influencing urban land price will be different according to different zones or land uses. Many scholars abroad have set up the Urban Land Hedonic Price Model according to the hedonic price theory, studying the influencing factors and functioning mechanism of the urban land price using the data of the transaction of the local urban land. In China, few quantitative analyses in this aspect have been done because the urban land market has not been established long and the transaction database of the real estate has not been complete, so it's difficult to collect necessary data. With the gradual improvement of our socialist market economy system, the development of the urban land market and the accumulation of the transaction data, it's opportune to build our country's own Urban Land Hedonic Price Model.Based on the summary of the study results of the influencing factors of the urban land price home and abroad, this thesis classifies the factors influencing the urban land price. Micro price-influencing factors of 14 residential land and 13 commercial land have been chosen through Delphi method and quantitively analyzed after we consult over 50 experts and scholars in the departments concerned in Hangzhou and Shaoxing.The Urban Land Hedonic Price Model has been obtained following the basic method and general procedure of the scholars' abroad. 123 samples in Hangzhou, 100 in Shaoxing urban land of residential land and 70 samples in Hangzhou, 69 in Shaoxing urban land of commercial land have been obtained through questionnaire and field investigation (All the samples are from Year 2000 to Year 2002).Then the Hedonic Price Models of Residential Land and Commercial Land Usein Hangzhou and Shaoxing are set up using the linear function. On the basis of the empirical analysis, the micro factors influencing the urban land price are compared. The main conclusions and new ideas of this thesis are as follows:( 1 ) Drawing on the method and experience of the empirical study of the scholars home and abroad, this study divides the factors influencing the urban land price into two: that is, macro factors and micro factors. It's thought that micro factors will have a special and single influence on urban land price change and decide the price of a piece of a specific urban land, whereas macro factors will have a general and common influence on urban land price change and decide the land price gap and change between cities. This kind of classification lays a good foundation for the set-up of our country's Urban Land Hedonic Price Model.(2) Learning from the related study results of the scholars home and abroad, 14 micro factors influencing residential land price in Hangzhou and Shaoxing have been defined through interview and Delphi method, including the distance from the city center, public transportation, hospitals, colleges & universities, junior high schools, primary schools, environmental quality, the distance from the city's main artery, geology, the means of the land grant, front foot, floor area ratio, building density and green coverage. Similarly 13 micro factors influencing the commercial land price in Hangzhou and Shaoxing have also been set, including the distance from the city center, public transportation, the density of financial institutions, urban infrastructure, the system of outward transportation facilities, environmental quality, the means of the land grant, geology, the distance from the city's main ar...
Keywords/Search Tags:Urban Land Price, Location Factor, Neighborhood Factor, Individual Factor, Hedonic Price Model
PDF Full Text Request
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