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Quantitative Research on the Spatial and Temporal Effects of Shanghai Metro Line 8 on Urban Housing Price
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SU Hailong1,2，XU Fang2
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(1. Research Center for Urban Planning & Development, Fudan University, Shanghai 200433, China;2. Urban Planning & Architectural Design Institute of Fudan University, Shanghai 200433, China)
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Abstract By collecting the record of secondhand housing price around Shanghai Metro Line 8, this paper applies a gridbased accessibility analysis model to compute the impacted areas. In addition, the characteristic variables are defined in oder to analyze the spatial and temporal effects of the Line 8 on housing price around it by applying the hedonic price model. The result shows that the Line 8 has positive effect on housing price. If the location of the house is close to the Metro station, the price will be higher than other houses; and the impact gradually gets weaker when housing is farther and farther away from the Metro station. Furthermore, Shanghai Metro Line 8 has an obvious temporal effect, Metro station in different location has different rising rate. The accessibility analysis and temporal effects of new line involved in this paper are seldom used.
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Received: 29 December 2009
Published: 31 December 2010
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