Property Price Impacts of Environment-Friendly Transport Accessibility in Chinese Cities

This book seeks to shed light on the role of environment-friendly transport accessibility in determining property prices in Chinese cities. Many environment-friendly transport modes, including walking, metro, bus rapid transit (BRT), and bus are examined. Spatial econometric models, quantile regression models, and machine learning techniques are used. This book contributes to people's understanding of the relationship between environmental-friendly transport accessibility and property prices. Moreover, it is of value to policymakers, including (1) informing urban planners/designers to plan/design cities with an adequate level of environment-friendly transport accessibility; (2) offering an evidence-based approach to implementing value capture schemes for financing investments in urban infrastructure; and (3) providing the basis for mitigating the negative externality of proximity to the transit corridor, jointly constructing comprehensive hospitals and other compatible amenities, and so forth.

Evaluates environment-friendly transport accessibility in a context where few studies have focused on the same topic Examines the heterogeneity in the property price effects of transport accessibility Provides insights for the implementation of value capture schemes

Autorentext
Linchuan Yang is a professor in the Department of Urban and Rural Planning, Southwest Jiaotong University. He obtained a Ph.D. in real estate economics studies, an M.Phil. in transportation studies from the University of Hong Kong, a B.E. degree in urban planning, and a BS degree in mathematics from Xiamen University, China. His research interests include urban economics, urban transportation, and urban planning. He has published a great many papers in journals such as Transportation Research Part A/D, Sustainable Cities and Society, Journal of Transport Geography, and Cities.

Inhalt
Introduction.- Data and Methodology.- Metro accessibility and property prices.- Bus rapid transit accessibility and property prices.- Bus accessibility and property prices.- Walking accessibility and property prices.- Discussion and conclusions.