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Impact of Urban Village Disamenity on Neighboring Residential Properties: Empirical Evidence from Nanjing through Hedonic Pricing Model Appraisal
| 题名： | Impact of Urban Village Disamenity on Neighboring Residential Properties: Empirical Evidence from Nanjing through Hedonic Pricing Model Appraisal |
| 正文语种： | eng |
| 作者： | Hussain, Touseef;Abbas, Jaffar;Wei, Zou;Ahmad, Shakeel;Bi Xuehao;Zhu Gaoli |
| 作者单位： | Nanjing Agr Univ Coll Publ Adm Nanjing 210095 Peoples R China;Shanghai Jiao Tong Univ SJTU Antai Coll Econ & Management ACM 800 Dongchuan Rd Shanghai 200240 Peoples R China|Shanghai Jiao Tong Univ SJTU Sch Media & Commun SMC 800 Dongchuan Rd Shanghai 200240 Peoples R China;Nanjing Agr Univ Coll Publ Adm Nanjing 210095 Peoples R China;Nanjing Agr Univ Coll Econ & Management Nanjing 210095 Peoples R China;Nanjing Agr Univ Coll Publ Adm Nanjing 210095 Peoples R China;Nanjing Agr Univ Coll Publ Adm Nanjing 210095 Peoples R China |
| 关键词： | City development;Urban villages;Externality effects;Hedonic pricing model;Apartment value |
| 摘要： | This research investigation falls in the very few studies that seek the association between city development and sustainable urban planning. This study emphasized to examine and explore effects of urban village disamenity on Nanjing suburban and posh area property valuation. Globally, slums exist in almost every country; however, researchers focused less on slums' crumbled infrastructure, crimes, and other social problems; however, few kinds of research studies covered the adverse impact on the property value. This paper plans to seek the effects of rural area migrants on Nanjing City in response to the late 1970 economic reform implementation as they aimed to extract benefits of reforms offering enhanced economic opportunities, higher rate of income and employment, and comprehensive social benefits. This study examined the negativity of urban villages on the surrounding area valuation and its impact on residential properties. The results of this study specified an adverse effect of urban villages on the value of nearby apartments; however, residential units closer to these villages experienced the worst impact compared to the residential apartments located far away. The findings revealed that urban villages' neighborhood negatively influences home selling value when compared with other houses located far away. This study is helpful for government officials and policymakers to resolve urban villages' issues. |
| 出版年： | 2021 |
| 期刊名称： | Journal of Urban Planning and Development |
| 卷： | 147 |
| 期： | 1 |
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