Assessing the economic value of urban green spaces in Kuala Lumpur

Environmental Science and Pollution Research

Volumn 27, Issue 10, 2020, Pages 10367-10390

  A Samad, Nur Syafiqah ^a,b   Abdul Rahim, Abdul Samad ^a   Mohd Yusof, Mohd Johari ^a   Tanaka, Katsuya ^c  

^a UNIVERSITY PUTRA MALAYSIA   (Malaysia)

^b UNIVERSITI TUNKU ABDUL RAHMAN   (Malaysia)

^c SHIGA UNIVERSITY   (Japan)

Author keywords

Economic valuation; Geographically weighted regression; Hedonic pricing method; House Price; Ordinary Least Square regression; Public urban green space

Indexed keywords

ASSESSMENT METHOD; ECONOMIC CONDITIONS; GREENSPACE; SPATIOTEMPORAL ANALYSIS; URBAN AREA;

KUALA LUMPUR [WEST MALAYSIA]; MALAYSIA; WEST MALAYSIA;

CITY; DEMOGRAPHY; ENVIRONMENT; LEAST SQUARE ANALYSIS; SPATIAL REGRESSION;

CITIES; ENVIRONMENT; LEAST-SQUARES ANALYSIS; RESIDENCE CHARACTERISTICS; SPATIAL REGRESSION;

EID: 85078023180     PISSN: 09441344     EISSN: 16147499     Source Type: Journal    
DOI: 10.1007/s11356-019-07593-7     Document Type: Article

References (77)

1. Ali G, Bashir MK, Ali H (2015) Housing valuation of different towns using the hedonic model: a case of Faisalabad city, Pakistan. Habitat Int 50:240–249
2. Anderson ST, West SE (2006) Open space, residential property values, and spatial context. Reg Sci Urban Econ 36:773–789
3. Ball MJ (1973) Recent empirical work on the determinants of relative house prices. Urban Stud 10(2):213–233
4. Brunsdon C, Fotheringham S, Charlton M (1998) Geographically weighted regression. J Roy Stat Soc D-Sta 47:431–443
5. Brunson MW, Reiter DK (1996) Effects of ecological information on judgments about scenic impacts of timber harvest. J Environ Manag 46(1):31–41
6. Callan SJ, Thomas JM (2013) Environmental economics and management: theory, policy, and applications. Cengage Learning
7. Case KE, Mayer CJ (1996) Housing price dynamics within a metropolitan area. Reg Sci Urban Econ 26(3):387–407
8. Chin TL, Chau KW (2003) A critical review of literature on the hedonic price model. International Journal for Housing and Its Applications 27(2):145–165
9. Cho S, Poudyal NC, Roberts RK (2008) Spatial analysis of the amenity value of green open space. Ecol Econ 66:403–416
10. City Hall Kuala Lumpur (2016). Land Use and Development Strategy. Retrieved from http://www.dbkl.gov.my/pskl2020/english/land_use_and_development_strategy/index.htm
11. Clark DE, Herrin WE (2000) The impact of public school attributes on home sale price in California. Growth Chang 31:385–407
12. Conway D, Li CQ, Wolch J, Kahle C, Jerrett M (2010) A Spatial Autocorrelation Approach for Examining the Effects of Urban Green Space on Residential Property Values. J Real Estate Financ
13. Crompton JL (2001) The impact of parks on property values: a review of the empirical evidence. J Leis Res 33(1):1
14. Czembrowski P, Kronenberg J (2016) Hedonic pricing and different urban green space types and sizes: insights into the discussion on valuing ecosystem services. Landsc Urban Plan 146:11–19
15. Department of Statistic, Malaysia (2016) Population Distribution and basic Demographic Characteristic Report 2010. Retrieved from https://www.statistics.gov.my/index.php?r=column/cthemeByCat&cat=117&bul_id=MDMxdHZjWTk1SjFzTzNkRXYzcVZjdz09&menu_id=L0pheU43NWJwRWVSZklWdzQ 4TlhUUT09
16. Donovan GH, Butry DT (2011) The effect of urban trees on the rental price of single-family homes in Portland, Oregon. Urban For Urban Green 10(3):163–168
17. Fletcher M, Gallimore P, Mangan J (2000) Heteroskedasticity in hedonic house price models. J Prop Res 17(2):93–108
18. Fotheringham, A. S., Brunsdon, C., & Charlton, M. (2003). Geogra[hically weighted regression:the analysis of spatially varying relationships. John Wiley & Sons
19. Forrest D, Glen J, Ward R (1996) The impact of a light rail system on the structure of house prices. J Transp Econ Policy 31(4):15–29
20. Gairola S, Noresah MS (2010) Emerging trend of urban green space research and the implications for safeguarding biodiversity: a viewpoint. Nat Sci 8(7):43–49
21. Garrod G, Willis K (1992) Valuing the goods characteristics – an application of the hedonic price method to environmental attributes. J Environ Manag 34(1)
22. Gibbons S, Mourato S, Resende GM (2014) The amenity value of English nature: a hedonic price approach. Environ Resour Econ 57(2):175–196
23. Goodman AC (1989) Topics in empirical urban housing research. In: Muth, Goodman (eds) Regional and Urban Economics. Harwood Academic Publisher, pp 49–146
24. Goodman AC, Thibodeau TG (1998) Housing market segmentation. J Hous Econ 7(2):121–143
25. Green Facts (2016) Non-Market Value. Retrieved from http://www.greenfacts.org/glossary/mno/non-market-value.htm
26. Haurin DR, Brasington D (1996) Schoolquality and real house prices: inter and intra metropolitan effects. J Hous Econ 5:351–368
27. Hu S, Yang S, Li W, Zhang C, Xu F (2016) Spatially non-stationary relationships between urban residential land price and impact factors in Wuhan city, China. Appl Geogr 68:48–56
28. Huh S, Kwak SJ (1997) The choice of functional form and variables in the hedonic price model in Seoul. Urban Stud 34(7):989–998
29. Hussein H (2006) Barrier-free park design for the disabled persons: a case study of the KLCC Park. J Des Built Environ 2(1):57–67
30. Ishikawa N, Fukushige M (2012) Effects of street landscape planting and urban public parks on dwelling environment evaluation in Japan. Urban For Urban Green 11(4):390–395
31. Jaimes NBP, Sendra JB, Delgado MG, Plata RF (2010) Exploring the driving forces behind deforestation in the state of Mexico (Mexico) using geographically weighted regression. Appl Geogr 30:576–591
32. Jim CY, Chen WY (2006) Recreation-amenity use and contingent valuation of urban green space in Guangzhou, China. Landsc Urban Plan 75(1–2):81–96
33. Kain JF, Quigley JM (1970) Measuring the value of housing quality. J Am Stat Assoc 65:532–548
34. Ketkar K (1992) Hazardous waste sites and property values in the state of New Jersey. Appl Econ 24:647–659
35. Kohlhase JE (1991) The impact of toxic waste sites on housing values. J Urban Econ 30:1–26
36. Kong F, Yin H, Nakagoshi N (2007) Using GIS and landscape metrics in the hedonic price modeling of the amenity value of urban green space: a case study in Jinan City, China. Landsc Urban Plan 79:240–252
37. Lariviere J, Czajkowski M, Hanley N, Aanesen M, Falk-Petersen J, Tinch D (2014) The value of familiarity: effects of knowledge and objective signals on willingness to pay for a public good. J Environ Econ Manag 68(2):376–389
38. Latinopoulos D (2018) Using a spatial hedonic analysis to evaluate the effect of sea view on hotel prices. Tour Manag 65:87–99
39. Laverne RJ, Winson-Geideman K (2003) The influence of trees and landscaping on rental rates at office buildings. J Arboric 29(5):281–290
40. Li MM, Brown HJ (1980) Micro-neighborhood externalities and hedonic housing prices. Land Econ 56(2):125–141
41. Linneman P (1980) Some empirical results on the nature of the hedonic price function for the urban housing market. J Urban Econ 8(1):47–68
42. Lupi F, Graham-Tomasi T, Taff SJ (1991) A hedonic approach to urban wetland valuation (no. 13284). University of Minnesota, Department of Applied Economics
43. Lutzenhiser M, Netusil NR (2001) The effect of open space on a home’s sale price. Contemp Econ Policy 19(3):291–298
44. Maclennan D, Tu Y (1996) Economic perspectives on the structure of local housing systems. Hous Stud 11(3):387–406
45. Mahan BL, Polasky S, Adams RM (2000) Valuing the urban wetlands: a property price approach. Land Econ 76(1):100–113
46. Mazlina M, Ismail S (2007). Green infrastructure as network of social spaces for well-being of urban residents: a review. In: Proceedings of International Conference on Built Environment in Developing Countries. Universiti Sains Malaysia
47. Mazlina M, Ismail S (2008) Green infrastructure as network of social spaces for well-being of urban residents in Taiping, Malaysia. Jurnal Alam Bina 11(2):1–18
48. Mohd Yusof MJ (2013) True colours of urban green spaces: identifying and assessing the qualities of green spaces in Kuala Lumpur. University Of Edinburgh, Malaysia
49. Morancho AB (2003) A hedonic valuation of urban green area. Landscape Urban Plan 66:35–41
50. Nakaya T (2014) GWR4 Windows Application for Geographically Weighted Regression Modelling: GWR4 User Manual. GWR4 Development Team
51. Noor NM, Asmawi MZ, Abdullah A (2015) Sustainable urban regeneration: GIS and hedonic pricing method in determining the value of green space in housing area. Procedia Soc Behav Sci 170:669–679
52. Nur Syafiqah AS, Abdul-Rahim AS, Mohd Johari MY, Tanaka K (2018) An economic valuation of urban green spaces in Kuala Lumpur City. Pertanika J Soc Sci Hum 26(1):469–490
53. Oliveira S, Pereira JM, San-Miguel-Ayanz J, Lourenço L (2014) Exploring the spatial patterns of fire density in southern Europe using geographically weighted regression. Appl Geogr 51:143–157
54. Orford S (2000) Modelling spatial structures in local housing market dynamics: a multilevel perspective. Urban Stud 37(9):1643–1671
55. Palmquist RB (1992) Valuing localized externalities. J Urban Econ 31:59–68
56. PEMANDU (2014) Economic transformation programme (ETP) annual report 2013. Retreived From https://www.pmo.gov.my/dokumenattached/NTP-Report-2013/ETP_2013_ENG.pdf
57. Pietsch M (2012) GIS in landscape planning. INTECH Open Access Publisher
58. Samuelson P (1954) The pure theory of public expenditure, review of economics and statistics. 36(4):387–389
59. Saphores JD, Li W (2012) Estimating the value of urban green areas: a hedonic pricing analysis of the single family housing market in Los Angeles, CA. Landsc Urban Plan 104:373–387
60. Saz-Salazar SD, Rausell-Koster P (2008) A double-hurdle model of urban green areas valuation: dealing with zero responses. Landsc Urban Plan 84(3–4):241–251
61. Schnare AB, Struyk RJ (1976) Segmentation in urban housing markets. J Urban Econ 3(2):146–166
62. Smith VK, Krutilla JV (1982) Explorations in natural-resource economics. John Hopkins University Press, Baltimore
63. Straszheim MR (1975) An econometric analysis of the urban housing market. National Bureau of Economic Research, New York
64. Tajima K (2003) New estimates of the demand for urban green space: implications for valuing the environmental benefits of Boston’s big dig project. J Urban Aff 25(5):641–655
65. Teh TS (1994) Current state of green space in Kuala Lumpur. Malays J Trop Geogr 25(2):115–127
66. Ting TP (2012) Urban green spaces and liveability in Southeast Asia. Urbanization in Southeast Asia: Issues & Impacts, 262
67. Troy A, Grove JM (2008) Property values, parks, and crime: a hedonic analysis in Baltimore, MD. Landsc Urban Plan 87:233–245
68. Tyrvainen L (1997) The amenity value of the urban forest: an application of the hedonic pricing method. Landsc Urban Plan 37(3):211–222
69. Tyrvainen L (2001) Economic valuation of urban forest benefits in Finland. J Environ Manag 62(1):75–92
70. Tyrvainen L, Miettinen A (2000) Property prices and urban forest amenities. J Environ Econ Manag 39(2):205–223
71. Tyrvainen L, Vaananen H (1998) The economic value of urban forest amenities: an application of the contingent valuation method. Landsc Urban Plan 43(1–3):105–118
72. Wolf KL (2003) Public reponse to the urban forest in inner-city business districts. J Arboric 29(3):117–126
73. Yaakup A, Johar F, Abu-bakar SZ, Sulaiman S, Baharuddin MN (2005) Integrated land use assessment: the case of klang valley region, Malaysia. Universiti Teknologi Malaysia. Working Paper (No.223)
74. Yu D (2007) Modelling owner-occupied single-family house values in the city of Milwaukee:a geographically weighted regression approach. GISci Remote Sens 44:267–282
75. Yusof MJM (2012) Identifying green space in Kuala Lumpur using higher resolution satellite imagery. Alam Cipta, International Journal of Sustainable Tropical Design Research and Practice 5:93–106
76. Yusof MJM, Rakhshandehroo M (2016) The nature, functions, and management of urban green space in Kuala Lumpur. J Archit Plan Res 33(4):347–360
77. Zhou X, Parves Rana M (2012) Social benefits of urban green space: a conceptual framework of valuation and accessibility measurements. Manag Environ Qual Int J 23(2):173–189