Tam, V W Y; Fung, I W H; Wang, J and Ma, M (2022) Effects of locations, structures and neighbourhoods to housing price: An empirical study in Shanghai, China. International Journal of Construction Management, 22(7), pp. 1288-1307. ISSN 1562-3599
Abstract
Since Chinese housing market has been reformed, the increasing housing price has been a focus of the whole society. Shanghai, as the economic and financial center in China, is one of the cities which have the highest housing price. However, the high housing price has gradually become an important economic problem, as it could create huge challenges to maintain a healthy real estate industry in China. A comprehensive understanding of the relationship between housing market and its impactors is in need to control the housing price. This paper will focus on Shanghai housing market and analyse relationship between 12 housing characteristics and housing price, using hedonic price model. It is found that the 12 housing characteristics impact Shanghai housing price differently. This paper could provide newest and largest amount of data as references to researchers and investors who concern about Shanghai housing market, and help government to formulate a proper housing price policy.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | China; hedonic price model; housing characteristics; housing price; Shanghai |
| Index terms: | housing, China, society, Shanghai, hedonic price, real estate, empirical study, investor |
| Subjects: | real estate economics, construction type, communities and social development, sociology, Geography, research methods |
| Topics: | Urban Studies, Stakeholder Management, Construction Technology, Geographical Context, Research Practice |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here