scholarly journals Price Determinants and GIS Analysis of the Housing Market in Vietnam: The Cases of Ho Chi Minh City and Hanoi

2018 ◽  
Vol 10 (12) ◽  
pp. 4720
Author(s):  
You Chung ◽  
Ducksu Seo ◽  
Jaehwan Kim
Keyword(s):  
Housing Market ◽  
Central Government ◽  
Housing Price ◽  
Real Estate Market ◽  
Hedonic Model ◽  
Ho Chi Minh City ◽  
Infrastructure Development ◽  
Related Factors ◽  
Price Determinants ◽  
The Impact

Since the introduction of the Doi Moi economic reform in 1986, the real estate market in Vietnam has witnessed a sharp increase in foreign investment inflows and a remarkable growth in the housing market, particularly for high-rise apartments in large cities. This study investigates the determinants of apartment prices in Ho Chi Minh City (HCMC) and Hanoi, the two most representative cities in Vietnam. The spatial distribution of apartments and their price determinants were addressed by the spatial analysis of Geographic Information System (GIS) and the hedonic model. The price determinants of both cities were closely associated with downtown-related factors; moreover, the externalities of urbanization affected each city. While HCMC was more related to the locational attributes of urban amenities and community density as well as programs because of unmanaged urbanization, Hanoi was more related to housing attributes, since the majority of apartment projects were developed under urban infrastructure development supported by the central government. Apartment cluster maps of each city clearly show the contrast of housing distribution. Our findings clarify the impact of government policies on housing price determinants and can be a reference for private- and public-sector stakeholders seeking to undertake economically and socially sustainable housing development projects in Vietnam.

The impact of COVID-19 on home value in major Texas cities

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mira R. Bhat ◽  
Junfeng Jiao ◽  
Amin Azimian
Keyword(s):  
Housing Market ◽  
Mixed Model ◽  
Negative Relationship ◽  
Housing Price ◽  
Single Family ◽  
Related Factors ◽  
Content Type ◽  
Home Value ◽  
Business Cycle Index ◽  
The Impact

Purpose This study aims to analyze the impact of COVID-19 on housing price within four major metropolitan areas in Texas: Austin, Dallas, Houston and San Antonio. The analysis intends to understand economic and mobility drivers behind the housing market under the inclusion of fixed and random effects. Design/methodology/approach This study used a linear mixed effects model to assess the socioeconomic and housing and transport-related factors contributing to median home prices in four major cities in Texas and to capture unobserved factors operating at spatial and temporal level during the COVID-19 pandemic. Findings The regression results indicated that an increase in new COVID-19 cases resulted in an increase in housing price. Additionally, housing price had a significant and negative relationship with the following variables: business cycle index, mortgage rate, percent of single-family homes, population density and foot traffic. Interestingly, unemployment claims did not have a significant impact on housing price, contrary to previous COVID-19 housing market related literature. Originality/value Previous literature analyzed the housing market within the first phase of COVID-19, whereas this study analyzed the effects of the COVID-19 throughout the entirety of 2020. The mixed model includes spatial and temporal analyses as well as provides insight into how quantitative-based mobility behavior impacted housing price, rather than relying on qualitative indicators such as shutdown order implementation.

scholarly journals Analysis The Impact Of Buyers’ Demographics To Green Consumption In Hochiminh City

2020 ◽  
Vol 5 (1) ◽  
pp. first
Author(s):  
Tô Thị Kim Hồng ◽  
Trần Thị Diễm Thúy
Keyword(s):  
Consumer Behavior ◽  
Environmental Protection ◽  
Quantitative Research ◽  
Public Awareness ◽  
Ho Chi Minh City ◽  
Related Factors ◽  
Green Consumption ◽  
Consumption Behavior ◽  
The Government ◽  
The Impact

Nowadays, environmental protection is an urgent problem which raises top concerns. Besides, green consumption is a trend encouraged to be widely implemented in many countries in the world, including Vietnam. However, in the reality of Vietnam, changing green consumer behavior in choosing products has been negligible and insignificant. With a diversified and varied population structure, Ho Chi Minh City is selected to analyze the impacts of demography and other related factors on green consumption behavior in the market. The quantitative research method is mainly used with the analysis of multiple correlation and linear regression. The results retrieved from 312 survey samples show that regarding demography, educational level, and marital status influence green consumption behavior. Besides, the results also show and measure the impacts of other factors, namely attitudes, subjective standards, environmental concerns, unavailability of green products on the green consumption behavior of consumers in Ho Chi Minh city. With the aim at promoting green consumer behavior in Ho Chi Minh City, there is a need for a change requiring the cooperation of all the Government, Enterprises, and consumers in stepping up propaganda, raising public awareness; simultaneously, orienting economic development activities associated with sustainable environmental protection.

The prevalence and related factors of phantom vibration among medical students: A first look in Vietnam

MedPharmRes ◽  
2019 ◽  
Vol 3 (3) ◽  
pp. 23-31
Author(s):  
Tran Ngoc Dang ◽  
Nguyen Thanh Hoa ◽  
Nguyen Phuoc Long ◽  
Nguyen Hong An ◽  
Tran Le Huy Vu ◽  
...  
Keyword(s):  
Medical Students ◽  
Ho Chi Minh City ◽  
P Value ◽  
Undergraduate Medical Students ◽  
Online Questionnaire ◽  
Psychiatric Disturbance ◽  
Related Factors ◽  
Factors Associated ◽  
Emotional Factors ◽  
The Impact

Background: Phantom vibration (PV) is an illusionary perception in which people perceive their mobile phone vibrates while it actually does not. Recently, PV has attracted attention in psychology and medical field. There are several studies investigating the prevalence and risk factors associated with this phenomenon. However, the findings are inconsistent. The prevalence of PV fluctuates from 21% to 89% among different groups and its mechanism remains unclear. Further understanding is necessary to identify the settings in which PV may harm the population and warrant further exploration. Objectives: This study aims to explore the prevalence of PV among medical students in Ho Chi Minh City and settings that PV can risk people’s health. Relationships between PV and phone usage habits as well as psychiatric disturbance also are investigated. Methods: By using online questionnaire on 377 undergraduate medical students in Ho Chi Minh City, Vietnam, the cross-sectional study explored factors associated with PV, including demographic, behavioral phone usage, and mental/emotional factors using the Self Reporting Questionaire - 20 (SRQ-20). The descriptive and association analyses were employed using R software. Results: The study found a significant association between mental/emotional factors (i.e. mental disturbance and phone attachment) and PV (OR=2.15, 95% CI=1.21-3.81, p value=0.009; OR=1.75, 95% CI=1.02-3.01, p value=0.043 respectively), which suggests an important role of mental/emotional factors in explaining the potential mechanism of PV. A high proportion of participants also experienced PV while driving (55.5%) within the last month. This implies the impact of PV possibly becomes significant, causing an increase in the risk of traffic accident due to distracted driving.

scholarly journals Public Space, Tourism and Mobility. Projects, Impacts and Tensions in Lisbon’s Urban Regeneration Dynamics

2019 ◽  
pp. 29-56
Author(s):  
João Rafael Santos
Keyword(s):  
Real Estate ◽  
Public Space ◽  
Large Scale ◽  
Central Government ◽  
Public Investment ◽  
Population Decline ◽  
Housing Prices ◽  
Urban Regeneration ◽  
Real Estate Market ◽  
The Impact

In the wake of severe economic slowdown during the 2008-2015 crisis, and despite continued constraints on public investment in large scale infrastructure, Lisbon is emerging as one of the most attractive destinations in Europe. Tourism has been driving major spatial, functional and social changes, initially in the city’s historical districts, and nowadays exerts impact across a much larger urban and regional area. Tourism, together with new drivers of the real-estate market, is promoting the renovation of formerly vacant or rundown built stock, taking advantage of a rather fragile socio-economic milieu and changing the face of residential, commercial and public space landscapes. Recently upgraded transportation nodes and extensive improvements on public space have also played a meaningful role in this process. Central government and municipality rationale have underpinned its role in providing accessibility, “attractivity”, and “heritage valorisation”, aiming to attract young residents after decades of resident population decline. In contrast to considerable public investment in public space and infrastructure, very limited funding or policy has been targeted at maintaining an affordable housing and real-estate market: thus leaving much of the public investment return to the private sector. Criticism of gentrification and “touristification”, rising housing prices, and pressure on infrastructure is growing accordingly. The paper provides insight into aspects of this process, with a focus on the relational aspects of mobility upgrade, public space renewal and inner-city urban regeneration. Several urban projects are mapped and broadly characterised in their spatial and functional relationship with tourism. An interpretative framework that combines them with the forms of territorialisation and the main conflicts and tensions is offered as a contribution to the ongoing discussion. Conclusions point to the complex and powerful role that public space and mobility infrastructure play in the impact of territorialising tourism: as supports for better qualified, multi-scalar and shared urban spaces and as drivers of a more balanced, diverse and socially-inclusive urban tourism development.

scholarly journals The role of news in the fluctuations of housing price

2018 ◽  
Vol 15 (3) ◽  
pp. 294-303
Author(s):  
Nazar Dahmardeh ◽  
Reza Khaki ◽  
Marziyeh Esfandiari
Keyword(s):  
Housing Market ◽  
Housing Price ◽  
Price Volatility ◽  
Annual Data ◽  
Price Fluctuations ◽  
Empirical Results ◽  
Negative News ◽  
The Impact ◽  
Do So

The main purpose of this paper is to evaluate the impact of the news on the housing price volatility in Iran. To do so, symmetric and asymmetric models such as GARCH, T-ARCH, EGARCH and APGARCH are applied by using annual data for the period 1971–2013. The empirical results confirm the asymmetric and leverage effects of news in Iran housing market. Also the impact of shocks indicates that negative news affect the housing price fluctuations further more than positive news with the same size.

Rail station access and housing market resilience: Case studies of Atlanta, Baltimore and Portland

Urban Studies ◽  
2018 ◽  
Vol 55 (16) ◽  
pp. 3615-3630 ◽  
Author(s):  
Timothy F Welch ◽  
Steven R Gehrke ◽  
Steven Farber
Keyword(s):  
Housing Market ◽  
Critical Role ◽  
Housing Price ◽  
Single Family ◽  
Market Values ◽  
Urban Amenities ◽  
Resilience Index ◽  
Negative Impacts ◽  
The Impact ◽  
Rail Station

The recent United States housing market crisis resulted in a significant decline in housing market values. Yet, the extent to which urban amenities such as rail stations moderated the market impacts has not been entirely recognised. This study undertakes a repeat sales analysis to understand the impact of station proximity on housing values before, during and after the market crisis. Specifically, a housing price resilience index assesses market changes from 2002 to 2013 for single-family and multifamily homes within a quarter of a mile, half a mile, one mile and greater distances from the nearest rail station. The analysis is replicated in three cities: Atlanta, Georgia; Baltimore, Maryland; and Portland, Oregon. Although the recession had significant negative impacts on properties in each city, our study finds that access played a critical role in helping transit-orientated submarkets retain their value throughout the recession and recover value at a faster rate than homes without convenient fixed transit access.

THE ADVERSE EFFECTS OF ECONOMIC POLICY UNCERTAINTY ON INDEMNIFICATORY HOUSING MARKET IN CHINA

2020 ◽  
pp. 1-17
Author(s):  
JIAN FU ◽  
XIAOFEN YU ◽  
CHUN KWONG KOO ◽  
WAI CHOI LEE
Keyword(s):  
Economic Policy ◽  
Adverse Effects ◽  
Housing Market ◽  
Housing Price ◽  
Housing Unit ◽  
Policy Uncertainty ◽  
Housing Investment ◽  
Economic Policy Uncertainty ◽  
The Right ◽  
The Impact

This paper empirically examines the impact of the economic policy uncertainty (EPU) index on market indicators of indemnificatory houses in China for the period from January 2012 to December 2018. We use three indicators of the indemnificatory housing market: (i) the price of commodity housing unit, (ii) the number of completion for indemnificatory housing unit and (iii) the amount of investment for indemnificatory housing unit. The findings from the Granger Causality in Distribution test show that the EPU causes the commodity housing price at the left-tail and the right-tail, but not at the centre of the distribution. Besides, the EPU causes the indemnificatory housing completion volume at the right tail, but not at the left and the centre of the distribution. Finally, we observe that the EPU causes the indemnificatory housing investment at the right tail but not at the left and the centre of the distribution. These findings indicate that the indemnificatory housing market in China is mainly affected by the extreme changes in the EPU.

Energy performance certificates in the Turin real estate market

2017 ◽  
Vol 10 (2) ◽  
pp. 149-169 ◽  
Author(s):  
Elena Fregonara ◽  
Diana Rolando ◽  
Patrizia Semeraro
Keyword(s):  
Real Estate ◽  
House Prices ◽  
Energy Performance ◽  
Real Estate Market ◽  
Market Liquidity ◽  
Hedonic Model ◽  
Price Variation ◽  
Content Type ◽  
Time On The Market ◽  
The Impact

Purpose The purpose of this paper is to assess the impact of the Energy Performance Certificate (EPC) on the Italian real estate market, focusing on old buildings. The contribution of EPC labels to house prices and to market liquidity was measured to analyze different aspects of the selling process. Design/methodology/approach A traditional hedonic model was used to explain the variables of listing price, transaction price, time on the market and bargaining outcome. In addition to EPC labels, the building construction period and the main features of apartments were included in the model. A sample of 879 transactions of old properties in Turin in 2011-2014 was considered. Findings A first hedonic model let us suppose that low EPC labels (E, F and G) were priced in the market although EPC labels explained only 6-8 per cent of price variation. A second full hedonic model, which included apartment characteristics, revealed that EPC labels had no impact on prices. Originality/value In Italy EPC has been mandatory for house transactions since 2009, so there are few studies on the effect of EPC on the Italian real estate market at least to our knowledge. Furthermore, unusually for the Italian context, in this paper also transaction prices were analyzed, in addition to the more frequently used listing prices.

The impact of external factors on housing prices in Lithuania

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Alina Stundziene ◽  
Vaida Pilinkienė ◽  
Andrius Grybauskas
Keyword(s):  
Real Estate ◽  
Housing Prices ◽  
Housing Price ◽  
Real Estate Market ◽  
External Factors ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The Impact

Purpose This paper aims to identify the external factors that have the greatest impact on housing prices in Lithuania. Design/methodology/approach The econometric analysis includes stationarity test, Granger causality test, correlation analysis, linear and non-linear regression modes, threshold regression and autoregressive distributed lag models. The analysis is performed based on 137 external factors that can be grouped into macroeconomic, business, financial, real estate market, labour market indicators and expectations. Findings The research reveals that housing price largely depends on macroeconomic indicators such as gross domestic product growth and consumer spending. Cash and deposits of households are the most important indicators from the group of financial indicators. The impact of financial, business and labour market indicators on housing price varies depending on the stage of the economic cycle. Practical implications Real estate market experts and policymakers can monitor the changes in external factors that have been identified as key indicators of housing prices. Based on that, they can prepare for the changes in the real estate market better and take the necessary decisions in a timely manner, if necessary. Originality/value This study considerably adds to the existing literature by providing a better understanding of external factors that affect the housing price in Lithuania and let predict the changes in the real estate market. It is beneficial for policymakers as it lets them choose reasonable decisions aiming to stabilize the real estate market.

The Impact of Fiscal Decentralization Policy on the Sustainability of Regional Development

2021 ◽  
Vol 3 (2) ◽  
pp. 97-106
Author(s):  
Rahmat Salam
Keyword(s):  
Central Government ◽  
Fiscal Decentralization ◽  
Capital Expenditure ◽  
Regional Growth ◽  
Regional Government ◽  
Infrastructure Development ◽  
Regional Autonomy ◽  
Reform Period ◽  
Decentralization Policy ◽  
The Impact

Fiscal decentralization is a critical component of the concept of regional autonomy that has been embraced since the Reform period. With fiscal decentralization, it is envisioned that every regional government can impose development in its territory. However, the fiscal decentralization strategy in the field cannot be applied in all areas owing to political concerns. Then, each local authority has had solid financial potential since 2001 since it got very high transfer funds from the central government, but the allowance for growth was minimal. E.g., there are still many roads that are destroyed. This may be attributed to the fact that much of the transfer funds from the central government are reserved towards staff spending. The purpose of this analysis is to provide a general overview of the impact on the stabilization of regional growth of the fiscal decentralization policy in effect since 2001. For literature review, this study uses a qualitative approach. The study shows, however, that the fiscal decentralization policy has not affected all growth sectors because much of the Central Government allocation funds continue to be used for regular spending and salary payments such that capital expenditure funding, including infrastructure development funding, is modest and even budget-free.

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