Rail transit and residential land use in developing countries: Hedonic study of residential property prices in Bangkok, Thailand

Transportation Research Record

Volumn , Issue 2038, 2007, Pages 111-119

  Chalermpong, Saksith ^a  

^a CHULALONGKORN UNIVERSITY   (Thailand)

Author keywords

[No Author keywords available]

Indexed keywords

COSTS; HOUSING; PUBLIC POLICY; REGRESSION ANALYSIS;

HEDONIC STUDY; RAIL TRANSIT; RESIDENTIAL LAND USE; RESIDENTIAL PROPERTY PRICES;

LAND USE;

EID: 42149184784     PISSN: 03611981     EISSN: None     Source Type: Journal    
DOI: 10.3141/2038-15     Document Type: Article

References (20)

1. Smith, J. J., and T. A. Gihring. Financing Transit Systems Through Value Capture: An Annotated Bibliography. American Journal of Economics and Sociology, Vol. 65, No. 3, 2006, pp. 751-786.
2. Diaz, R. B. Impacts of Rail Transit on Property Values. APTA 1999 Rapid Transit Conference Proceedings, www.apta.com/research/info/briefings/ documents/diaz.pdf. Accessed June 30, 2006.
3. Vessali, K. V. Land Use Impacts of Rapid Transit: A Review of the Empirical Literature. Berkeley Planning Journal, Vol. 11, 1996, pp. 71-105.
4. Rosen, S. Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. Journal of Political Economy, Vol. 82, No. 1, 1974, pp. 34-55.
5. Gatzlaff, D., and M. T. Smith. The Impact of the Miami Metrorail on the Value of Residences Near Station Locations. Land Economics, Vol. 69, No. 1, 1993, pp. 54-66.
6. Forrest, D., J. Glen, and R. Ward. Impact of a Light Rail System on the Structure of House Prices. Journal of Transport Economics and Policy, Vol. 30, No. 1, Jan. 1996, pp. 15-29.
7. Chen, H., A. Rufolo, and K. Dueker. Measuring the Impact of Light Rail Systems on Single Family Home Values: A Hedonic Approach with Geographic Information System Application. In Transportation Research Record 1617, TRB, National Research Council, Washington, D.C., 1998, pp. 38-43.
8. So, H. M., R. Y. C. Tse, and S. Ganesan. Estimating the Influence of Transport on House Prices: Evidence from Hong Kong. Journal of Property Valuation and Investment, Vol. 15, No. 1, Jan. 1997, pp. 40-47.
9. Chau, K. W., and F. F. Ng. The Effects of Improvement in Public Transportation Capacity on Residential Price Gradient in Hong Kong. Journal of Property Valuation and Investment, Vol. 16, No. 4, 1998, pp. 397-410.
10. Agostini, C., and G. Palmucci. Capitalización Anticipada del Metro de Santiago en el Precio de las Viviendas (in Spanish). ILADES-Georgetown University. Working Papers 170. Economics Department, Hades-Georgetown University, Santiago, Chile, 2005,
11. Rodriguez, D., and F. Targa. Value of Accessibility to Bogota's Bus Rapid Transit System. Transport Reviews, Vol. 24, No. 5, Sept. 2004, pp. 587-610.
12. Bae, C., M. Jun, and H. Park. The Impact of Seoul's Subway Line 5 on Residential Property Values. Transport Policy, Vol. 10, 2003, pp. 85-94.
13. Lin, J. J., and C., H. Hwang. The Analysis of Property Prices Before and After Taipei MRT Opening. Journal of the Eastern Asia Society for Transportation Studies, Vol. 5, Oct. 2003, pp. 2817-2830.
14. Celik, H. M., and U. Yankaya. The Impact of Rail Transit Investment on the Residential Property Values in Developing Countries: The Case of Izmir Subway, Turkey. Property Management, Vol. 24, No. 4, 2006, pp. 369-382.
15. Anselin, L. Discrete Space Autoregressive Models. In Environmental Modeling with GIS (M. Goodchild, B. Parks, and L. Steyaert, eds.), Oxford University Press, New York, 1993, pp. 454-469.
16. Statistical Yearbook Thailand 2004. National Statistical Office, Bangkok, Thailand, 2005.
17. ArcData, Bangkok. In ArcData, Thailand, Version 9.0 (CD-ROM), ESRI Thailand, Bangkok, Thailand, 2006.
18. Boarnet, M. G. S. Chalermpong, and E. Geho. Specification Issues in Models of Population and Employment Growth. Papers in Regional Science, Vol. 84, No. 1, 2005, pp. 21-46.
19. Netipanya, P. Transit Station Accessibility: A Case Study of Commuters in Downtown Bangkok. Master's thesis. Department of Civil Engineering, Chulalongkorn University, 2006.
20. Bangkok Mass Transit Website. Office of Transport and Traffic Policy and Planning, www.otp.go.th/bmt/index.htm (in Thai). Accessed June 1, 2006.