International Conference on Construction and Real Estate Management 2016
Study on the Selling and Renting Price of Matriculability Houses Based on the Boundary Fixed Method: Taking Shenzhen as an Example
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
Over the past few years, the demand and value of well-known matriculability houses increased sharply. It is known that both the selling/leasing price and the rate of return on investment of matriculability houses between well-known and common schools are discrepant. In order to establish the HPM (hedonic price model), we select 56 sample schools and 120 properties on sale in Shenzhen and analyze the sample date statistically. We used the boundary fixed method in order to control the differences in the locations and neighborhoods among the sample houses and the HPM in order to highlight the characteristic differences between sample schools and matriculability houses. We conducted an empirical study on the differences of schools grades independent influence on selling/leasing prices and the rate of return on investment of matriculability houses. We found that school grades have a significant impact on the listed prices of matriculability houses. In general, the junior middle school is the most important factor that impacts the selling/leasing prices, followed by primary school and senior middle school. Moreover, the rate of return on investment of matriculability houses of well-known schools is low.
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Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 1070 - 1076
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
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