Study On The City Track Traffic Impact On Residential Prices

City rail transportation as the city’s main public transport, it brings not only the height of the accessibility and fast convenience, will produce the enormous economic benefit. The obvious changes of land utilization efficiency and improve the land development intensity, boost prices and real residential real estate value-added.Because each city’s economic development and transport infrastructure complete different, city track traffic impact on residential prices are not the same, mainly in the influence of residential price limitation and influence degree. City track traffic along residential great value-added benefits, and not completely by the rail transit project entitled. Because of the external rail powerful, making real estate developers alone stolen value-added benefits. The real estate private value-added benefits result is the high prices, they finally borne by the property buyers (1). On the other hand, city rail transportation is facing huge funds pressure, how would a dilemma to be solved rail transportation external benefit internalization is the city rail transit in development.The goal of this paper is to get a line of Chengdu along residential value-added effect through research. First, summarizes and analyzes the research results of domestic and external city track traffic; secondly on the city rail transit concept and rail transportation characteristics of the understanding, makes a further understanding of the city track traffic on the function and the superiority; next to the residential price explained, influence some important factors of housing price out; then on the basis of analyzing the relationship of city rail transportation and housing price, influence mechanism and influence; finally through the empirical analysis of the initial operation of the Chengdu No.l on residential prices, is found in early stage of a line for the influence of different link and the effect of aging. The hedonic price model to make a quantitative calculation on the1st line of value-added rate on different link, for the government to make relevant policies, provide the basis for the purchase of investment.Influence of Chengdu line on residential prices show that:from2010July to2011June, before and after the Chengdu line running ring to Sanhuan residential prices were5.8888%,9.4381%,12.4470%,11.0252%, line1along residential average price rose9.5091%, value-added benefits.Time-dependent effect Chengdu line on residential price analysis:Chengdu line running after period of time, in the thesis, far away from the downtown area housing near the downtown residential prices than in earlier peak, prices exhibit on metro operation is more sensitive.Draw on the value calculation of the residential price of Chengdu line using the hedonic price model:from a ring outside the three-ring to each close to the subway station lm, housing price rose0.91yuan/m2,1.16yuan/m2,1.21yuan/m2; a line on residential value of total value is about7814000000yuan. Visible Chengdu line value-added benefits on residential huge, if can be part of the value added by a certain percentage of the development and utilization of city track traffic reduction, then can get billions in revenue, this will be a very important source of funds for construction and operation of city track traffic.