Shenzhen Metro Empirical Research Impact On The Surrounding Residential Prices

MTR is an important urban transport. As China's urbanization process accelerated in the rapid economic development, the MTR is entering the field of vision to millions of households. MTR its surrounding property is residential real estate prices in particular the extent of impact, how to use the MTR to guide the development of urban structure, is the issues that many buyers, developers, government departments are concerned about.Shenzhen is one in the spring breeze of reform and opening up in the rapid rise of the city, is the important link of economic and trade exchanges between Hong Kong and mainland China. At present, Shenzhen's economic aggregate ranked fourth in the country. Shenzhen's subway development in mainland China only falls behind in Beijing, Shanghai, Guangzhou, and the large number of subway constructions are going on, Shenzhen's real estate development is one of the most developed places, which will provide good housing prices Environment to study impact of the MTRC.This article from the micro perspective, inspected the factors that the subway in Shenzhen City affects domestic prices and price mechanism on the subway system. The paper adopted the hedonic price theory which is widely used abroad to analyze the property prices with housing prices, housing rents, the distance between Metro, Location, the paving ways and the other micro characteristics reflecting the impact of housing prices because of the MTR as explanatory variables respectively to establish the hedonic price model of the residential houses in Shenzhen. Accroding to the research of the Shenzhen residential houses market, it Is segmented by the three ways, respectively to research the implicit price on behalf of the microscopic characteristics of the MTR factors after the study of the domestic segments market and the overall markets. In the paper the Shenzhen City housing price model is established. Focus on quantitative analysis of the overall market, customs clearance, and within the market, the MTRC on the extent of the impact of housing prices. Qualitative analysis of the market in the special economic zones and the market out of the special economic zones, sales market and leasing market under the Metro surrounding the impact of housing prices.In this paper, the conclusion of the study will be adopted for the Government's transport sector and urban landuse planning, and will provide a basis for decision-making for developers of residential investment, development, operation decision-making and consumer spending.