Adaptive reuse of heritage architecture and its external effects on sustainable built environment—Hedonic pricing model and case studies in Hong Kong

2020 ◽  
Vol 28 (6) ◽  
pp. 1597-1608
Author(s):  
Tris Kee ◽  
Kwong Wing Chau
Keyword(s):  
Hong Kong ◽  
Built Environment ◽  
Case Studies ◽  
Adaptive Reuse ◽  
Hedonic Pricing ◽  
Pricing Model ◽  
External Effects ◽  
Hedonic Pricing Model

Classification of External Building Photos - Integration into a Simple Hedonic Pricing Model

2021 ◽  
Author(s):  
David Koch ◽  
Miroslav Despotovic ◽  
Simon Thaler
Keyword(s):  
Hedonic Pricing ◽  
Pricing Model ◽  
Hedonic Pricing Model

Hedonic pricing model of assessed and market land values: A case study in Bangkok metropolitan area, Thailand

2020 ◽  
Vol 8 (1) ◽  
pp. 153-162 ◽  
Author(s):  
Sathita Malaitham ◽  
Atsushi Fukuda ◽  
Varameth Vichiensan ◽  
Vasinee Wasuntarasook
Keyword(s):  
Metropolitan Area ◽  
Hedonic Pricing ◽  
Land Values ◽  
Pricing Model ◽  
Hedonic Pricing Model

scholarly journals Modelling the drivers of the UK multi-let industrial property market: an exploratory study

2020 ◽  
Vol 38 (4) ◽  
pp. 585-596
Author(s):  
David Higgins ◽  
Tsvetomira Vincent ◽  
Peter Wood
Keyword(s):  
Real Estate ◽  
Hedonic Pricing ◽  
Valuable Insight ◽  
Pricing Model ◽  
Property Market ◽  
Industrial Property ◽  
Content Type ◽  
Hedonic Pricing Model ◽  
Significant Difference ◽  
Asset Class

PurposeMulti-let industrial (MLI) estates are an emerging £15 billion UK real estate asset class that can offer attractive returns, a diversified income base, constrained supply and extensive management opportunities to add value within an operational platform. This investment appeal is supported by the evolving MLI occupier market with the growth of small to medium enterprises (SME) requiring modern urban business space driven in part by technology advances offering new streams of supply chain connectivity between businesses and potential clients at a local level.Design/methodology/approachTo understand more about MLI properties, this study utilises a hedonic pricing model to quantify property values as a function of defined variables. The dataset used for this research is a sample portfolio of 26 multi-let industrial properties. The dataset was analysed alongside eleven physical, financial and locational factors. Interestingly, the hedonic pricing model results showed that only four characteristics are value-affecting across the selected properties: namely (1) Granularity of the property income, (2) Distance from the nearest motorway, (3) Distance to the nearest town centre and (4) Gross internal floor area. A chi–test confirmed that there was no significant difference between the modelled values and the supplied property valuations.FindingsThis preliminary study offers valuable insight into MLI property market drivers and could easily form a simple decision-making tool to examine potential MLI opportunities in this developing real estate asset class.Originality/valueIn detailing these key MLI property features, current research is limited and focused primarily on market commentary. New knowledge on the MLI property market can provide a platform creating interesting opportunities for fund managers with an intensive management engagement strategy.

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