{"title":"Urban Structure, Housing Prices and the Double Role of Amenity: A Study of Nanjing, China","authors":"Meitong Liu, Yehua Dennis Wei, Yangyi Wu","doi":"10.1007/s12061-023-09536-9","DOIUrl":null,"url":null,"abstract":"<div><p>The skyrocketing housing prices in Chinese metropolises have generated broad concerns. Recent studies have moved beyond hedonic approaches considering housing attributes, location, and neighborhood by introducing urban structure and amenities as factors in housing prices. However, the role of amenities is often simplified, and the influence of urban structure is explored mainly using distance to CBD or concentric rings. This study more carefully examines the role of amenities in determining housing prices through a case study of Nanjing, China, adopting the self-organizing map and spatial regime modeling using remote sensing and point-of-interest data. We find that the regime of urban structure sways the hedonic factors' significance and positivity. Amenities play a double role in housing markets, as they act both as a determinant of housing price and an indicator of urban structure. Our study provides an improved framework of housing prices, which is applicable to studies of other cities. It also suggests that public policies should consider amenities more carefully to make cities more polycentric and livable.</p></div>","PeriodicalId":46392,"journal":{"name":"Applied Spatial Analysis and Policy","volume":"17 1","pages":"27 - 53"},"PeriodicalIF":2.0000,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Applied Spatial Analysis and Policy","FirstCategoryId":"90","ListUrlMain":"https://link.springer.com/article/10.1007/s12061-023-09536-9","RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
The skyrocketing housing prices in Chinese metropolises have generated broad concerns. Recent studies have moved beyond hedonic approaches considering housing attributes, location, and neighborhood by introducing urban structure and amenities as factors in housing prices. However, the role of amenities is often simplified, and the influence of urban structure is explored mainly using distance to CBD or concentric rings. This study more carefully examines the role of amenities in determining housing prices through a case study of Nanjing, China, adopting the self-organizing map and spatial regime modeling using remote sensing and point-of-interest data. We find that the regime of urban structure sways the hedonic factors' significance and positivity. Amenities play a double role in housing markets, as they act both as a determinant of housing price and an indicator of urban structure. Our study provides an improved framework of housing prices, which is applicable to studies of other cities. It also suggests that public policies should consider amenities more carefully to make cities more polycentric and livable.
期刊介绍：
Description
The journal has an applied focus: it actively promotes the importance of geographical research in real world settings
It is policy-relevant: it seeks both a readership and contributions from practitioners as well as academics
The substantive foundation is spatial analysis: the use of quantitative techniques to identify patterns and processes within geographic environments
The combination of these points, which are fully reflected in the naming of the journal, establishes a unique position in the marketplace.
RationaleA geographical perspective has always been crucial to the understanding of the social and physical organisation of the world around us. The techniques of spatial analysis provide a powerful means for the assembly and interpretation of evidence, and thus to address critical questions about issues such as crime and deprivation, immigration and demographic restructuring, retailing activity and employment change, resource management and environmental improvement. Many of these issues are equally important to academic research as they are to policy makers and Applied Spatial Analysis and Policy aims to close the gap between these two perspectives by providing a forum for discussion of applied research in a range of different contexts
Topical and interdisciplinaryIncreasingly government organisations, administrative agencies and private businesses are requiring research to support their ‘evidence-based’ strategies or policies. Geographical location is critical in much of this work which extends across a wide range of disciplines including demography, actuarial sciences, statistics, public sector planning, business planning, economics, epidemiology, sociology, social policy, health research, environmental management.
FocusApplied Spatial Analysis and Policy will draw on applied research from diverse problem domains, such as transport, policing, education, health, environment and leisure, in different international contexts. The journal will therefore provide insights into the variations in phenomena that exist across space, it will provide evidence for comparative policy analysis between domains and between locations, and stimulate ideas about the translation of spatial analysis methods and techniques across varied policy contexts. It is essential to know how to measure, monitor and understand spatial distributions, many of which have implications for those with responsibility to plan and enhance the society and the environment in which we all exist.
Readership and Editorial BoardAs a journal focused on applications of methods of spatial analysis, Applied Spatial Analysis and Policy will be of interest to scholars and students in a wide range of academic fields, to practitioners in government and administrative agencies and to consultants in private sector organisations. The Editorial Board reflects the international and multidisciplinary nature of the journal.
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