SCIENTIA GEOGRAPHICA SINICA ›› 2015, Vol. 35 ›› Issue (7): 860-866.doi: 10.13249/j.cnki.sgs.2015.07.860

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The Spatial Impacts of Class 3A Comprehensive Hospitals on Peripheral Residential Property Prices in Shanghai

Bao-fa PENG1(), Yi-shao SHI2(), Yue SHAN2, Duan-lu CHEN1   

  1. 1. College of Resource Environment and Tourism, Hunan University of Arts and Science, Changde, Hunan 415000, China
    2. College of Surveying and Geo-Informatics, Tongji University, Shanghai 200092, China
  • Received:2014-02-13 Revised:2014-04-18 Online:2015-07-20 Published:2015-07-20

Abstract:

How to evaluate the impacts of urban public resources and facilities on the price of real estates has been the research topic in academic circles for a long time. Relative to the other urban public facilities such as subway stations or rail transit, large-scale parks and greenbelt, landscape water, universities or key primary and middle schools and so on, the relationship between hospital and housing prices has not caused enough attention. In this article 7 Class 3A comprehensive hospitals in Shanghai urban central areas were selected, using the Hedonic price model and multiple regression analysis method, to conduct an empirical analysis of the spatial effect of these hospitals on residential property prices. The results show as follows: 1) Generally speaking, compared to other environmental factors, the less impacts of Class 3A comprehensive hospitals were corducted on the surrounding residential property prices, and the factors such as building area, property management fees, school-nearby houses, rail transit, height of buildings, the distance to the CBD have greater influence on housing prices. 2) Class 3A comprehensive hospitals have a negative impact on the surrounding residential property prices. And in the same circumstances, as shortening the distance of houses to the hospital each 50 m, the average housing price fell 0.602%. 3) Because of the different location and distance to the CBD of Class 3A comprehensive hospitals, there is a spatial differencine in their impact on housing prices. In general, the closer distance to CBD is, the less negative influence housing price is affected by the hospital.

Key words: class 3A comprehensive hospital, residential housing price, Hedonic price model, multiple regression analysis, semi-elastic coefficient, Shanghai

CLC Number: 

  • F293.3