Quantify Analysis Of The Real Estate Value Influence By Urban Rapid Rail Transit

Urban Rapid Rail Transit (URRT) is a safe, comfortable, convenient, fast, effective. environment-friendly urban infrastructure system that provides mass public transportation services with subsidies from the Government. URRT plays an active and key role to reduce problems such as shortage of land resources, traffic congestions and air pollution that many cities are facing. Ironically, while there are problems such as shortage of fund and operation losses in many cities' URRT development, the benefits of increase of property around stations due to URRT development are only enjoyed by property owners and users without any contribution to sustainable development of URRT. It is imperative to analyze the quantified effects of URRT development on the adjacent property and establish a complementary relationship between URRT development and the use of the adjacent land.Firstly, this paper introduces the background of title selection and research meaning. The research development abroad and home were concluded, and the research objects and contents were clarified. Secondly, the paper analyzes the URRT properties and the influence factors of real estate value and analyzes the principle of real estate value increment. Thirdly, three kinds of quantify analyze of the econometric model of the real estate value influence degree effected by URRT was researched. Comparing with the TCM model, HPM model and LESHM model, HPM was selected as basic model to solve the problem brought by this paper. In the key part in the paper, the data of real estate around Nanjing No.1 underground train were analyzed. The relationship between URRT and around real estate value was confirmed by HPM model. The result show that HPM model could be used to analyses the relation between URRT and around real estate value, Nanjing No.1 underground train have strong influence to the real estate value in diameter 1km, inside 0.5km,and 0.5km to 1 km, the increment value influence by underground train was 6.85%,10.57% respectively. Finally it concludes the whole paper, and the deficiency of the paper was presented.