A HEDONIC PRICE MODEL FOR PRIVATE PROPERTIES IN HONG-KONG

被引：111

作者：

MOK, HMK

CHAN, PPK

CHO, YS

机构：

[1] COOPERS & LYBRAND MANAGEMENT CONSULTANTS LTD, HONG KONG, HONG KONG

[2] HONG KONG HOUSING DEPT, HONG KONG, HONG KONG

来源：

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 1995年 / 10卷 / 01期

关键词：

HEDONIC PRICE MODEL; HOUSING ATTRIBUTES; HONG KONG PRIVATE PROPERTIES;

D O I：

10.1007/BF01099610

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

A hedonic model is used to explore the effects of locational, structural, and neighborhood attributes on the price structure of private condominiums in Hong Kong. The regression results and the elasticities of housing attributes obtained from the Box-Cox analysis indicate that the valuation of a property is sensitive to changes in housing traits. Home buyers are rational and are willing (unwilling) to pay for desirable (undesirable) housing attributes and that the valuation of a property is market-driven in Hong Kong.

引用

页码：37 / 48

页数：12

共 14 条

[1]

Alonso W, 1965, LOCATION LAND USE

[2] THE EFFECTS OF A NEW SUBWAY LINE ON HOUSING PRICES IN METROPOLITAN TORONTO [J].