The impacts of "one hour living circle" on housing market : a case study of Guangzhou, China

Pao Yue-kong Library Electronic Theses Database

The impacts of "one hour living circle" on housing market : a case study of Guangzhou, China

 

Author: Zhang, Chenglin
Title: The impacts of "one hour living circle" on housing market : a case study of Guangzhou, China
Degree: M.Sc.
Year: 2011
Subject: Housing -- Prices -- China -- Guangzhou.
Real property -- Prices -- China -- Guangzhou.
Transportation -- China -- Pearl River Delta.
Regional planning -- China -- Pearl River Delta.
Hong Kong Polytechnic University -- Dissertations
Department: Faculty of Construction and Land Use
Pages: ix, 114 leaves : col. ill., col. maps ; 30 cm.
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b2462961
URI: http://theses.lib.polyu.edu.hk/handle/200/6399
Abstract: Regional integration is expected to generate additional economic values to cities, especially to their property markets. The concept of "One Hour Living Circle" is one possible model to achieve rapid urban integration. During the past few years, increasing regional activities between mainland China and Hong Kong have necessitated a deeper understanding of the potential and transformation of their property markets. Policy makers have put efforts supporting further integration through construction of better transport facilities. However, relatively little attention is paid to the effects on housing prices and its impacts on property market. This exploratory study examines the policy contents underlying the development of "One Hour Living Circle" in Guangzhou, and highlights the key implications arising from the outline of plan for the reform and development of the Pearl River Delta released by the central government and national strategies. Performance data on representative residential properties were evaluated to indicate the responses of the housing market. Empirical data from both interviews and questionnaire surveys from the Guangzhou citizens were used to analyze their reactions about housing choice. This comprehensive examination of data provides a reliable tool to analyzing the overall impacts arising from improvement in inter-city transport between Guangzhou and Foshan. This study reveals that improvement in transport accessibility has influenced the willingness-to-pay for housing of the residents in the two cities. The extent of housing choice and buying attitudes from the home buyers has been changed. It includes that while the traditional housing attributes remain the most influential factors affecting housing choice, convenient transport accessibility and commuting cost are now placed firmly in the dominant positions. These study findings provide useful reference to government and developers in deliberating on the issues such as land value, potential development direction, property selling and buying and social net-work.

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