The Research on the Effect of Intercity Railway Project on Housing Price Nearby

Y. Liu †, K.Wang ‡,C. E. Rodriguez †

† Tianfu College of Southwestern University of Finance and Economics, Mianyang 621000, Sichuan, China,
‡ School of Computer Science and Technology of Southwest University of Science and Technology, Mianyang, 621010, China

Cite this paper
Y. Liu, K.Wang, C. E. Rodriguez, “The Research on the Effect of Intercity Railway Project on Housing Price Nearby “, Journal of Mechanical Engineering Research and Developments, vol. 39, no. 1, pp. 173-177, 2016. DOI: 10.7508/jmerd.2016.01.024

ABSTRACT: The research of the effects of intercity railway system on the housing price is a hot sport in recent years. Along with the construction of intercity railway between Chengdu and Mianyang, the impacts on the housing price draw the attention of real estate businessmen, consumers and researchers. Based on the hedonic price theory, this paper attempts to consider the intercity railway between Chengdu and Mianyang as the object, analyzes the impact on the housing price around it by establishing the hedonic price model and using the regression analysis.then adopt different methods to carry on quantization to the characteristic variable of the house, construct the hedonic price model to study the impact on peripheral price of house of the newly-bulit intercity railway transpotation project tentaiely.

Keywords : Intercity railway; Housing price; Hedonic Price Model

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