Title :
Study of commercial residential character price in Xi´an Qu Jiang New District
Author :
Lan, Feng ; Liu, Li-Fang
Author_Institution :
Manage. Sch., Xi´´an Univ. of Archit. & Technol., Xi´´an, China
Abstract :
This paper select 16 housing characteristics in Xi´an Qu Jiang New District and constructs hedonic price model based semi-parametric method, using of 348 sets of samples of residential and 15 residential district information, then it adopts the R software for analysis. Finally we compares with the traditional parameters. The result shows that the semi-parametric model has a higher goodness of fit. There are 9 variables shows significant in Parameter model including: building area, property costs, the green rate, distance to the South Lake, the distance to the CBD, distance to the three trillion Cemetery, distance to the main road of the city, and 10 variables shows significant in Semi-Parameter model, Entertainment facilities variable added.
Keywords :
pricing; property market; CBD distance; R software; Xi´an Qu Jiang new district; building area; commercial residential character price; entertainment facilities variable; green rate; hedonic price model based semiparametric method; property costs; semiparameter model; Buildings; Cities and towns; Data models; Estimation; Least squares approximation; Roads; Software; Commercial residential building; Hedonic prices; Semi-parametric method; parametric method;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5920428
