Effects of spatial access to neighborhood land-use density on housing prices: Evidence from a multilevel hedonic analysis in Seoul, South Korea

2017 ◽  
Vol 46 (4) ◽  
pp. 603-625 ◽  
Author(s):  
Chang-Deok Kang
Keyword(s):  
Land Use ◽  
South Korea ◽  
Urban Form ◽  
Residential Buildings ◽  
Housing Prices ◽  
Policy Implications ◽  
Spatial Accessibility ◽  
Hedonic Price ◽  
Industrial Property ◽  
Spatial Access

Attaining a mixture and diversity of land use within walkable neighborhoods is an essential principle within contemporary urban planning and design. Empirical studies by New Urbanists argue that mixed land use, neo-traditional, and walkable neighborhoods yield socioeconomic benefits and generate a substantial premium in residential property prices. However, few studies apply reliable metrics to capture the connections among urban form, the spatial distribution of land use, and travel behavior and then value their combined effects on housing prices. To bridge this gap, this study calculates the metrics of spatial accessibility and centrality, combining street nodes, networks, and built density by land use type within walkable neighborhoods. We investigate empirically the extent to which residents value spatial accessibility and centrality to residential, commercial, office, and industrial space regarding housing prices in Seoul, South Korea in 2010. The multilevel hedonic price models used suggest that residents highly value urban settings that access larger volumes of commercial and residential buildings in densely spaced areas along dense street networks. However, homeowners respond negatively to higher access to industrial property and weakly to office space. This analysis identifies the value of spatial access to heterogeneous land-use density in housing prices and provides policy implications for land use, transportation, and urban design.

scholarly journals A Decision-Making Tool for Urban Planners: A Framework to Model the Interdependency among Land Use, Accessibility, Density, and Surface Runoff in Urban Areas

2022 ◽  
Vol 14 (1) ◽  
pp. 522
Author(s):  
Samith Madusanka ◽  
Chethika Abenayake ◽  
Amila Jayasinghe ◽  
Chaminda Perera
Keyword(s):  
Land Use ◽  
Land Use Planning ◽  
Surface Runoff ◽  
Urban Form ◽  
Urban Areas ◽  
Structural Equation ◽  
Development Planning ◽  
Policy Implications ◽  
Equation Modeling ◽  
Variable Surface

The purpose of this study was to evaluate the four-dimensional relationship between land use, accessibility, density, and surface runoff in urban areas. In contemporary literature, a series of studies have been conducted that extensively discuss the natural components associated with the surface runoff in urban areas. However, the dynamic and complex dimensions of the urban form, such as land use, accessibility, and density, are yet to be fully understood. In this study, a 4D diagram was utilized to identify relationships between dimensions, in addition to decision tree analysis, to explore the structural flow between selected variables. Furthermore, a structural equation modeling (SEM) approach was employed with the purpose of investigating the direct, indirect, and moderating effects on the targeted dependent variable, surface runoff. The results of the analysis reported a strong correlation between land use, accessibility, density, and surface runoff, with an R-squared value of 0.802, which indicates an acceptable model accuracy by the international standard. A positive relationship between the four dimensions was indicated by the higher accessibility; the higher density in terms of a higher floor space index (FSI), ground space index (GSI), and open space; the building height of the adjacent buildings; the higher diversity of the land use; and the higher surface runoff. Accordingly, the findings of the study offer policy implications in the fields of land use planning, zoning regulations and overall urban development planning towards achieving climate resilient cities.

Spatio-Temporal Hedonic Price Model to Investigate the Dynamics of Housing Prices in Contexts of Urban Form and Transportation Services in Toronto

2018 ◽  
Vol 2672 (6) ◽  
pp. 21-30 ◽  
Author(s):  
Jason Hawkins ◽  
Khandker Nurul Habib
Keyword(s):  
Urban Form ◽  
Housing Stock ◽  
Housing Prices ◽  
Housing Price ◽  
Central Business District ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Single Family ◽  
Price Model ◽  
Spatio Temporal

A spatio-temporal hedonic price model is developed for the Greater Toronto area to examine the effects of urban configurations and proximity to transit services on housing price. A spatial Durbin panel model is utilized to account for both spatial and temporal autocorrelation. This model is shown to have advantages through its ability to reduce the number of explanatory variables required to obtain a strong fit with empirical data. Analysis is completed for the period of 1996 to 2017 and distinctions are made in housing stock between single-family houses, townhouses, and condominiums. It is shown that heterogeneities exist between the hedonic representations of each dwelling type and that separate models should be employed for each. In all cases, the average income of the community, its distance to the central business district (CBD), and population and employment density are found to be significant factors in the determination of price.

scholarly journals Disparity in Spatial Access to Public Daycare and Kindergarten across GIS-Constructed Regions in Seoul, South Korea

2019 ◽  
Vol 11 (19) ◽  
pp. 5503 ◽  
Author(s):  
Hyunjoong Kim ◽  
Fahui Wang
Keyword(s):  
South Korea ◽  
Underserved Populations ◽  
Critical Factor ◽  
Developed Countries ◽  
Spatial Accessibility ◽  
Fertility Rates ◽  
Cell Level ◽  
M Cell ◽  
Spatial Access ◽  
Policy Measures

In developed countries with decreasing fertility rates, the provision of public daycare and kindergarten (PDK) is considered to be an important policy for boosting national birth rates. Since PDK is free, its spatial accessibility becomes the most critical factor for parents in choosing the service. The study uses the popular two-step floating catchment area model (2SFCA) to analyze the spatial accessibility of PDKs at a 100 m × 100 m cell level in Seoul, South Korea. A GIS-automated regionalization method, Mixed-Level Regionalization (MLR), is employed to divide the study area into homogenous regions based on a concentrated disadvantage index (CDI). The analysis then proceeds to examine the disparity of PDK accessibility across these constructed regions. The result empowers parents to be informed of the access of PDKs in their current neighborhoods or to look for neighborhoods with adequate access. Several policy measures are proposed for improving overall accessibility of PDKs and more so for underserved populations.

scholarly journals Introduction and Spread of the Invasive Alien Species Ageratina altissima in a Disturbed Forest Ecosystem

2021 ◽  
Vol 13 (11) ◽  
pp. 6152
Author(s):  
Eunyoung Kim ◽  
Jaeyong Choi ◽  
Wonkyong Song
Keyword(s):  
Land Use ◽  
South Korea ◽  
Alien Species ◽  
Invasive Alien Species ◽  
Management Policy ◽  
Economic Damage ◽  
Forest Edges ◽  
Forest Interior ◽  
Lower Elevation ◽  
Canopy Area

Invasive alien species (IAS) not only displace nearby indigenous plants and lead to habitat simplification but also cause severe economic damage by invading arable lands. IAS invasion processes involve external forces such as species characteristics, IAS assemblage traits, environmental conditions, and inter-species interactions. In this study, we analyzed the invasion processes associated with the introduction and spread of Ageratina altissima, a representative invasive plant species in South Korea. We investigated 197 vegetation quadrats (2 × 20 m) in regions bordering 47 forests in southern Seoul and Gyeonggi-do, South Korea. A total of 23 environmental variables were considered, which encompassed vegetation, topography, land use, and landscape ecology indices. The model was divided into an edge and an interior model and analyzed using logistic regression and a decision tree (DT) model. The occurrence of Ageratina altissima was confirmed in 61 sites out of a total of 197. According to our analysis, Ageratina altissima easily invaded forest edges with low density. The likelihood of its occurrence increased with lower elevation and gentler slope. In contrast, the spread of Ageratina altissima in the forest interior, especially based on seed spread and permeability, was favored by a lower elevation and gentler slopes. The analysis of Ageratina altissima settlement processes in forest edges coupled with the DT model demonstrated that land characteristics, such as the proximity to urbanized areas and the number of shrub and tree species, play a pivotal role in IAS settlement. In the forest interior, Ageratina altissima did not occur in 68 of the 71 sites where the soil drainage was under 2.5%, and it was confirmed that the tree canopy area had a significant impact on forest spread. Based on these results, it can be assumed that Ageratina altissima has spread in South Korean forests in much the same way as other naturalized species. Therefore, vegetation management strategies for naturalized species should be developed in parallel with land use management policy in regions surrounding forest edges to successfully manage and control Ageratina altissima invasion.

scholarly journals The role and significance of planning in the determination of house prices in Australia: Recent policy debates

2021 ◽  
pp. 0308518X2198894
Author(s):  
Peter Phibbs ◽  
Nicole Gurran
Keyword(s):  
Land Use ◽  
Housing Market ◽  
Land Use Planning ◽  
House Prices ◽  
Housing Prices ◽  
House Price ◽  
Evidence Base ◽  
Urban Housing ◽  
Price Inflation ◽  
Depth Analysis

On the world stage, Australian cities have been punching above their weight in global indexes of housing prices, sparking heated debates about the causes of and remedies for, sustained house price inflation. This paper examines the evidence base underpinning such debates, and the policy claims made by key commentators and stakeholders. With reference to the wider context of Australia’s housing market over a 20 year period, as well as an in depth analysis of a research paper by Australia’s central Reserve Bank, we show how economic theories commonly position land use planning as a primary driver of new supply constraints but overlook other explanations for housing market behavior. In doing so, we offer an alternative understanding of urban housing markets and land use planning interventions as a basis for more effective policy intervention in Australian and other world cities.

School Catchment Zone Mergers and Housing Wealth Redistribution

2021 ◽  
pp. 0739456X2110067
Author(s):  
Siu Kei Wong ◽  
Kuang Kuang Deng
Keyword(s):  
School Quality ◽  
Housing Prices ◽  
Estimation Method ◽  
Policy Implications ◽  
Housing Wealth ◽  
Housing Values ◽  
Wealth Redistribution ◽  
The Government ◽  
Empirical Design

This study investigates how perceived school quality affects housing values, using a new estimation method. Our empirical design takes advantage of the mergers of school catchment zones initiated by the government to develop quasi-experiments. We find that, in zones that gained sudden access to higher ranked schools, housing prices increased by 1.3 to 4.1 percent. Larger and more expensive houses appreciated more in response to the improvement in perceived quality of available schools. The findings generate important policy implications regarding housing wealth redistribution and housing expenditures among different households. The study also enriches the literature on the capitalization effect of school quality.

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