scholarly journals Sustainable Urban Regeneration: GIS and Hedonic Pricing Method in Determining the Value of Green Space in Housing Area

2015 ◽  
Vol 170 ◽  
pp. 669-679 ◽  
Author(s):  
Norzailawati Mohd Noor ◽  
M.Zainora Asmawi ◽  
Alias Abdullah
Keyword(s):  
Green Space ◽  
Urban Regeneration ◽  
Hedonic Pricing ◽  
Housing Area ◽  
Hedonic Pricing Method

scholarly journals GIS and Hedonic Pricing for Green Space in Housing Area

2018 ◽  
Vol 3 (12) ◽  
pp. 81
Author(s):  
Norzailawati Mohd Noor ◽  
M. Zainora Asmawi ◽  
Alias Abdullah
Keyword(s):  
Publishing House ◽  
Housing Prices ◽  
Hedonic Pricing ◽  
Green Spaces ◽  
Environmental Amenities ◽  
Geospatial Technologies ◽  
Urban Dynamics ◽  
Housing Area ◽  
Hedonic Pricing Method ◽  
International Publishing

This paper explores a framework that combines Geographic information System (GIS) with Hedonic pricing method in improving the analysis and determining the value of green spaces with housing prices in Subang Jaya, Malaysia. The previous study found that proposed combination between GIS and Hedonic pricing method for the same purpose has not been fully explored particularly in Malaysia. Findings show the proposed combined method leads to improved understanding and representation of urban dynamics and regeneration process, furthermore will encourage a sustainable setting of the environmental amenities in improving the geospatial technologies respectively.Keywords: GIS, Hedonic Pricing Method, green Spaces and urban regenerationeISSN 2398-4295 © 2018. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open-access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.

Irrigation Water Valuation Using Spatial Hedonic Models in GIS Environment

2012 ◽  
pp. 308-320
Author(s):  
Zisis Mallios
Keyword(s):  
Irrigation Water ◽  
Regression Models ◽  
Spatial Regression ◽  
Hedonic Pricing ◽  
Spatial Lag Model ◽  
Hedonic Pricing Method ◽  
Spatial Weights Matrix ◽  
Spatial Regression Models ◽  
Gis Environment ◽  
Value Of Irrigation Water

Hedonic pricing is an indirect valuation method that applies to heterogeneous goods investigating the relationship between the prices of tradable goods and their attributes. It can be used to measure the value of irrigation water through the estimation of the model that describes the relation between the market value of the land parcels and its characteristics. Because many of the land parcels included in a hedonic pricing model are spatial in nature, the conventional regression analysis fails to incorporate all the available information. Spatial regression models can achieve more efficient estimates because they are designed to deal with the spatial dependence of the data. In this paper, the authors present the results of an application of the hedonic pricing method on irrigation water valuation obtained using a software tool that is developed for the ArcGIS environment. This tool incorporates, in the GIS application, the estimation of two different spatial regression models, the spatial lag model and the spatial error model. It also has the option for different specifications of the spatial weights matrix, giving the researcher the opportunity to examine how it affects the overall performance of the model.

A hedonic pricing method to estimate the value of waterfronts in the Gulf of Mexico

2019 ◽  
Vol 41 ◽  
pp. 185-194 ◽  
Author(s):  
Ram P. Dahal ◽  
Robert K. Grala ◽  
Jason S. Gordon ◽  
Ian A. Munn ◽  
Daniel R. Petrolia ◽  
...  
Keyword(s):  
Gulf Of Mexico ◽  
Hedonic Pricing ◽  
Hedonic Pricing Method

scholarly journals Determinants of Wine Prices: A Systematic Literature Review

Competitio ◽  
2021 ◽  
Vol 19 (1-2) ◽  
pp. 1-15
Author(s):  
Péter Gál
Keyword(s):  
Web Of Science ◽  
Hedonic Pricing ◽  
Decision Makers ◽  
Economic Literature ◽  
Jel Codes ◽  
Quality Ratings ◽  
Wide Range ◽  
Objective Quality ◽  
Hedonic Pricing Method ◽  
The Relationship

Wine is a highly differentiated product sold at a wide range of different prices. This article aims to provide a systematic review of the literature written on the determinants of wine prices globally. The article runs a search on the combination of keywords “wine”, “price”, “determinant” in the Web of Science, Scopus, JSTOR, ProQuest, and Science Direct databases. Based on a final set of 46 articles written between 1998 and 2018, results suggest that terroir and quality ratings are the most significant determinants of wine prices, while objective quality and label data also determines wine prices, though to a different extent and with a different sign in some cases. The hedonic pricing method was the most common way of analyzing the relationship between wines prices and their determinants, and results are similar for most regions and varieties. We believe that our results can be useful for researchers, stakeholders, and even for decision-makers in better understanding the factors lying behind wine prices. Journal of Economic Literature (JEL) codes: D12, D40 Q11

scholarly journals VALUATION OF MARKET RENTAL VALUE OF A PLANNED DORMITORY USING HEDONIC PRICING METHOD: A CASE STUDY OF POLYTECHNIQUE OF STATE FINANCE STAN, INDONESIA

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Doni Triono ◽  
Akhmad Solikin
Keyword(s):  
Sampling Technique ◽  
Correlation Effect ◽  
Hedonic Pricing ◽  
Hedonic Pricing Model ◽  
Room Size ◽  
Statistical Application ◽  
Hedonic Pricing Method ◽  
State Finance ◽  
Market Preference ◽  
Rental Value

This study determines the attributes that affect the market rental value of dormitories using the Hedonic Pricing Model. The proportional stratified random sampling technique was used to obtain data from 1,292 PKN STAN students in levels 1 to 3, which was analyzed using the SPSS statistical application. Based on the calculation, the dormitory value varies between IDR11,719,521 (RM3,424.82) to IDR15,482,242 (RM4524,41). The determinants that have a significant positive effect on dormitory value are bathroom location, average remittances per month, earnings per month, room size, gender, and origin, while the type of residence attribute has a negative correlation effect. The results of this study will be beneficial inputs for the PKN STAN in determining the market rental value, the quality of buildings and facilities are in accordance with the market preference.

Shared amenities’ impacts on condominium resale values

2019 ◽  
Vol 13 (2) ◽  
pp. 281-297 ◽  
Author(s):  
Kayo Tajima
Keyword(s):  
Original Data ◽  
Hedonic Pricing ◽  
Unit Price ◽  
Data Set ◽  
Content Type ◽  
Meeting Room ◽  
Residential Unit ◽  
Hedonic Pricing Method ◽  
The Impact ◽  
Over Time

Purpose This study aims to analyze whether and how condominium shared utilities and facilities (e.g. community spaces), of which buyers assume a share of the ownership upon acquisition of a residential unit, affect the condominium unit price over time. Design/methodology/approach The transaction price of each unit reflects the quality of the residential unit and the properties of the shared facilities. Based on the hedonic pricing method, this study assesses the impact of shared amenities on unit resale prices, using an original data set on condominium unit resale transactions and the status of housing characteristics for both condominium units and condominium buildings. Findings Results show that holding other conditions constant, a meeting room and an external space that can host events increase the unit resale price by approximately 7 and 16 per cent, respectively. Some community amenities such as a meeting room may increase its impact later in the condominium’s lifetime. Research limitations/implications Because of the proprietary nature of data, the analysis focuses on high-end condominium properties in central Tokyo. Although it is difficult to single out the shared amenities’ effects on condominium resale prices from potentially confounding factors, this study partially overcomes this issue by including explanatory geographical variables (e.g. ground heights). Practical implications The results suggest that a shared facility that hosts social interactions among residents significantly affects the resale market value of housing units and that their magnitudes may change over time. Originality/value To the best of the author’s knowledge, this study provides the first empirical evidence of the impacts of shared structures on condominium unit sales using micro-level transaction data in Japan.

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