Chapter
Nov 18, 2014
A Study of Micro-Space Differentiation on High-Rise Residential Prices
Authors: Shijun Jia [email protected], Di Cai [email protected], and Jingxin Shi, Ph.D. [email protected]Author Affiliations
Publication: ICCREM 2014: Smart Construction and Management in the Context of New Technology
Abstract
Based on 596 high-rise residential buildings traded from January 2009 to March 2010 and 3717 effective samples, this paper discusses the spatial differentiation of floor level, orientation and view in a high-rise residential price by the Hedonic Pricing Model. The conclusion is that the floor level, orientation and view contribute 1.47%, 2.3% and 4.35% respectively (total of 8.12%) to the price of a standard dwelling unit (13th floor, southwest and building view) in Guangzhou city. When the floor level changes from 1 to 48, the proportion of hidden floor price is 0.35%-18.67%. The indexes of orientation and view change from 80 to 130 in the same floor level, but have a different orientation and view.
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ICCREM 2014: Smart Construction and Management in the Context of New Technology
Pages: 1097 - 1105
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© 2014 American Society of Civil Engineers.
History
Published online: Nov 18, 2014
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Professor, School of Business Administration, Guangzhou University, Guangzhou, China, 510006. E-mail: [email protected]
Associate Professor, School of Geographical Science, Guangzhou University, Guangzhou, China, 510006. E-mail: [email protected]
School of Business Administration, Guangzhou University, Guangzhou, China, 510006. E-mail: [email protected]
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