scholarly journals The Premium of Public Perceived Greenery: A Framework Using Multiscale GWR and Deep Learning

2021 ◽  
Vol 18 (13) ◽  
pp. 6809
Author(s):  
Yonglin Zhang ◽  
Xiao Fu ◽  
Chencan Lv ◽  
Shanlin Li
Keyword(s):  
Deep Learning ◽  
Green Spaces ◽  
Development Pattern ◽  
Real Estate Development ◽  
Hedonic Price ◽  
Price Model ◽  
Analytic Framework ◽  
Neighborhood Scale ◽  
Analytical Tools ◽  
Neighborhood Level

Population agglomeration and real estate development encroach on public green spaces, threatening human settlement equity and perceptual experience. Perceived greenery is a vital interface for residents to interact with the urban eco-environment. Nevertheless, the economic premiums and spatial scale of such greenery have not been fully studied because a comprehensive quantitative framework is difficult to obtain. Here, taking advantage of big geodata and deep learning to quantify public perceived greenery, we integrate a multiscale GWR (MGWR) and a hedonic price model (HPM) and propose an analytic framework to explore the premium of perceived greenery and its spatial pattern at the neighborhood scale. Our empirical study in Beijing demonstrated that (1) MGWR-based HPM can lead to good performance and increase understanding of the spatial premium effect of perceived greenery; (2) for every 1% increase in neighborhood-level perceived greenery, economic premiums increase by 4.1% (115,862 RMB) on average; and (3) the premium of perceived greenery is spatially imbalanced and linearly decreases with location, which is caused by Beijing’s monocentric development pattern. Our framework provides analytical tools for measuring and mapping the capitalization of perceived greenery. Furthermore, the empirical results can provide positive implications for establishing equitable housing policies and livable neighborhoods.

scholarly journals Developers’ price setting behaviour in urban residential redevelopment projects

2018 ◽  
Vol 11 (1) ◽  
pp. 71-86 ◽  
Author(s):  
Rolf Barlindhaug ◽  
Berit Irene Nordahl
Keyword(s):  
Design Methodology ◽  
Green Spaces ◽  
Price Setting ◽  
Hedonic Price ◽  
Price Model ◽  
Content Type ◽  
Initial Stage ◽  
Private Market ◽  
Residential Redevelopment ◽  
Practical Implications

Purpose This paper aims to investigate whether developers’ ask lower prices on homes in redevelopment sites than they do on similar units in smaller developments completed over a shorter time span. It also investigates whether developers price units differently at different stages of the redevelopment process. The development of designated redevelopment areas often consists of multiple projects spread across several years, some in parallel, some sequential. New units are put on the market in a piecemeal fashion, and infrastructure, shared green spaces and shared facilities are installed successively. Design/methodology/approach A hedonic price model is used to analyse sales prices of 7,000 new apartments in Oslo sold between 2011 and 2015, all else being equal. The paper distinguishes between infill as one-stage projects, and multi-staged competitive and multi-staged monopolistic redevelopments. Findings Dwellings in redevelopment projects sell at a lower price than similar dwellings in infill projects. In competitive redevelopments, those in charge of the last projects put a slightly higher price on apartments. In redevelopments involving only one developer, the last stages ask the lowest prices. Research limitations/implications This research expands our understanding of developers’ pricing behaviour. Developers supplying housing for the private market through redevelopments land are willing to take risks particularly in the initial stage. Practical implications The findings indicate that credit institutions financing developers’ projects need to take into account the structure of selling prices, including lower prices and higher risk of pursuing redevelopment projects. Social implications Gaining a better understanding of developers’ pricing behaviour deepens our insights into the dynamics of market-led urban brownfield developments; this knowledge may moreover inform policies on sustainable urban growth. Originality/value An original investigation of housing transactions in urban brownfield sites in Oslo provides fresh insights into developers’ pricing behaviour.

Hedonic Price Model

2014 ◽  
pp. 2834-2837
Author(s):  
José-María Montero ◽  
Gema Fernández-Avilés
Keyword(s):  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model

A hedonic price model of office rents

1998 ◽  
Vol 16 (3) ◽  
pp. 297-312 ◽  
Author(s):  
Neil Dunse ◽  
Colin Jones
Keyword(s):  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model

scholarly journals Valuing water resources in Switzerland using a hedonic price model

2016 ◽  
Vol 52 (5) ◽  
pp. 3510-3526 ◽  
Author(s):  
Diana van Dijk ◽  
Rosi Siber ◽  
Roy Brouwer ◽  
Ivana Logar ◽  
Dorsa Sanadgol
Keyword(s):  
Water Resources ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model

scholarly journals Extending the Shared Socioeconomic Pathways at the City Scale to Inform Future Vulnerability Assessments — The Case of Boston, Massachusetts

2019 ◽  
Vol 06 (03n04) ◽  
pp. 2050009
Author(s):  
Jayne Lino ◽  
Guillaume Rohat ◽  
Paul Kirshen ◽  
Hy Dao
Keyword(s):  
Climate Change ◽  
Global Scale ◽  
Research Field ◽  
Climate Change Research ◽  
Multi Scale ◽  
Vulnerability Assessments ◽  
Neighborhood Scale ◽  
The City ◽  
Neighborhood Level

Climate change will impact cities’ infrastructure and urban dwellers, who often show differentiated capacity to cope with climate-related hazards. The Shared Socioeconomic Pathways (SSPs) are part of an emerging research field which uses global socioeconomic and climate scenarios, developed by the climate change research community, to explore how different socioeconomic pathways will influence future society’s ability to cope with climate change. While the SSPs have been extensively used at the global scale, their use at the local and urban scale has remained rare, as they first need to be contextualized and extended for the particular place of interest. In this study, we present and apply a method to develop multi-scale extended SSPs at the city and neighborhood scale. Using Boston, Massachusetts, as a case study, we combined scenario matching, experts’ elicitation, and participatory processes to contextualize and make the global SSPs relevant at the urban scale. We subsequently employed the extended SSPs to explore future neighborhood-level vulnerability to extreme heat under multiple plausible socioeconomic trajectories, highlighting the usefulness of extended SSPs in informing future vulnerability assessments. The large differences in outcomes hint at the enormous potential of risk reduction that social and urban planning policies could trigger in the next decades.

A Hedonic Price Model for Rough Rice Bid/Acceptance Markets

1984 ◽  
Vol 66 (2) ◽  
pp. 156-163 ◽  
Author(s):  
B. Wade Brorsen ◽  
Warren R. Grant ◽  
M. Edward Rister
Keyword(s):  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model ◽  
Rough Rice
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