Empirical Study On The Influencing Factors Of Residential Land Price In Hangzhou

With the period from 1990 to 1994,the National People's Congress gradually promulgated relevant domestic laws and regulations concerning land use rights and real estate land transactions.Since then,China has gradually implemented the paid transactions and use of public land in major cities across the country.Relevant legal regulations and norms.As far as the domestic land market is concerned,we can generally divide it into three categories according to its use,namely:residential,commercial and industrial land.There are some influencing factors among the three,but there are many specific factors that are only for one specific use.The land works.As a representative of China's second-tier cities,Hangzhou has been ranked among the top cities in China in terms of GDP growth in recent years.It has also been very active in the land trading market.In recent years,the phenomenon of the king has been frequent,and the local land has been continuously refreshed.The transaction price record on the market.Therefore,this article chooses to use residential land in Hangzhou as the research target.This is because Hangzhou is the representative of the second-tier cities in China.The larger part of the land market started early,and the marketization is relatively advanced and standardized.It is the second-tier city in the country.The vanguard of the field.The factors influencing the land price in Hangzhou have a large typicality,which can better explain the current situation of China's land market and have a long-term impact on the continuous improvement of China's land reform.First of all,through the reference and combing of the existing literature,this paper selects Hangzhou as the research object,and the related information and statistical data of 325 residential land transactions from 2012 to 2017,respectively,from the perspective of macro and micro.Land price formation mechanism.On the macro level,the factors considered are mainly the urban population factors,the macro-control of land in the country and the region,and the economic development of the city.It can be found that the growth of population and the development of the local economic level have a positive effect on the price of residential land.In terms of microscopic factors,this paper selects the plot area,plot ratio,CBD distance,regional administrative government distance,subway station accessibility,number of public transportation lines,park accessibility,university accessibility,secondary school accessibility,experiment.12 factors such as primary school accessibility,medical infrastructure and time factor are used as the influencing feature variables to construct the main functional form and estimation method of the characteristic price model.The relevant analysis can produce the following conclusions:the transfer area,the floor area ratio,and the subway station.Accessibility,public transportation conditions and time factors have a significant positive impact on residential land prices;CBD distance,administrative center distance,accessibility of the top three hospitals,accessibility of secondary schools,accessibility of experimental primary schools,and significant negative impact.The impact of university accessibility is small.Secondly,based on the characteristic price model,the author makes a regression analysis on the microscopic variables affecting the price of residential land in Hangzhou.The results show that the influence coefficient of the CBD distance to the downtown of Hangzhou is negative,and the distance to the downtown of Hangzhou is Shorten 1 km,the corresponding land price will increase by about 0.12 million yuan,the floor area ratio will increase by 1 unit,the relevant price will increase by 0.897 million yuan;there will be a subway station within 1.5 km of the plot,which will increase the unit price of residential land by about 0.091.%;there is a park within 1 km of the plot,and the corresponding land price increases by about 0.015 million yuan;to the nearest university education facilities and medical infrastructure,the price of land increases by 0.017 million yuan and 0.02 million yuan respectively.Moreover,in 2013,2014,and 2015,the land price level of Hangzhou City increased by 7%,10.1%,12.9%,24.6%,and 34%,respectively,compared with 2012.