Urban design, housing price, and new metro in China
Transit accessibility and design-related attributes in station areas would affect the housing price at various stages
A new metro is a complex intervention to the city. It involves multiple sub-projects and various stages, including announcement, construction, and operation periods. The housing price premium could be summed into the speculation effect, anticipated effect, and actual benefits of transit service and environment improvement. Therefore, unravelling these interweaved effects could provide robust evidence of metro capitalisation effects.
The transit accessibility and design-related attributes in station areas could increase the housing price. The new metro provides alternative travel options for residents and reduces travel time to different destinations. Station area development calls for mixed land use and high-density development. In addition, pedestrian facilities, integration of public transit hubs, and commercial facilities are indispensable. Also, environmental changes such as noise and crowdedness may influence the valuation and appraisal of users. Finally, the impact pathways would evolve in different stages. All these factors related to metro intervention affect housing prices.
In this project, we aim to unravel the capitalisation effects of accessibility and urban design in station area development by considering the various stage of the complex intervention of the metro.
Project Outputs
This project is funded by the HKU Presidential PhD Scholar Programme (2021.09-2024.09).
Dongsheng He
My research interest lies in sustainable development of urban rail transit in high-density cities, covering aspects of land economy, social well-being, and urban design and morphology. My master thesis was about urban greenery and housing price, using a big data approach.