Ganzhou City Residential Market, The Hedonic Price Study

Housing as a necessity of living, is a heterogeneous commodity, each feature of constituting use value is significantly different between products, such as residential location, floor, residential environment, number of rooms and offices, the traffic in your area Status, and so. In order to reveal the differences of this feature combination, economists proposed hedonic price model. This model assumes that the various features of commodities as a whole have been sold, therefore, the additional features of a housing are different prices are also different.Research about hedonic price model in the country is developed in recent ten years. However, because construction of hedonic price model need to collect large amounts of data and to make relatively extensive survey, so there is not much empirical research through the preferences of residential buyers to set up relationship between the housing characteristics and housing price in the country. The author through to search VIP, Wanfang data, CNKI find that scholars only make such studies to Guangzhou, Shanghai, Wuhan and other such first and second tier cities, while such as the small city of Ganzhou there is no such empirical research.The purpose of this paper is to build Ganzhou city housing market hedonic price model, so as to provide a reference for Real estate prices researchers. The article first introduces the research background, significance. The second chapter introduces some basic theory about hedonic price model. The third chapter describes the construction of hedonic price model, including the feature variable selection, functional form of model, model estimation and testing, the possible problems and treatment measures when modeling. Chapter IV describes the data sources and methods of data quantification, this data comes mainly from residential listing data, published data by community and electronic maps data. quantification method include qualitative and quantitative methods. Chapter V introduce housing market of Ganzhou city hedonic price model. Chapter VI concludes this paper and analyze the lack of this study.