| Author: | Zhu, Minzheng |
| Title: | Associating the influence of house atrributes [i.e. attributes] on house prices in Hong Kong |
| Degree: | M.Sc. |
| Year: | 2012 |
| Subject: | Hong Kong Polytechnic University -- Dissertations Housing -- Prices -- China -- Hong Kong. Real property -- Valuation -- China -- Hong Kong. Real property -- Prices -- China -- Hong Kong. Environmental quality. |
| Department: | Department of Land Surveying and Geo-Informatics |
| Pages: | vii, 44 leaves : ill. (some col.), maps (some col.) ; 30 cm. |
| Language: | English |
| Abstract: | This research analyzes the influence of different kinds of house attributes on the house price in Hong Kong. Ahedonic price model is applied using house transaction data collected during the 2011. The house attributes are classified into four categories: first is physical environment factors (air quality, noise pollution and water quality) and second is social environment factors (crime rate, income level), third is structure attributes (house age) and the last one is location attributes (accessibility to MTR, school, hospital). Two methods: ordinary least square (OLS) estimator and robust regression are utilized in result analysis and compared with each. The robust regression shows stronger performance. The results demonstrate that the environmental quality has a strong influence on house price, the accessibility to hospital and noise pollution don't show significant influence on house price. |
| Rights: | All rights reserved |
| Access: | restricted access |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| b24752861.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 1.49 MB | Adobe PDF | View/Open |
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