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Title:

Impact of Transit-Oriented Development on Residential Property Values around Urban Rail Stations

Accession Number:

01735945

Record Type:

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Order URL: http://worldcat.org/issn/03611981

Abstract:

Few previous studies have linked transit-oriented development (TOD) patterns and property values at the station level in the Chinese context. Using Shanghai as a case study, we obtained 21,094 transaction records within the 800?m radius catchment areas of 280 urban rail stations from a local property agency. A performance-based TOD indicator framework was established to capture built-environment features for density, diversity, and design dimensions. Using open-source geospatial data, we generated a series of TOD indicators for each station catchment area and further developed a composite TOD index with information entropy weighting. The results of multilevel regression models showed that within urban rail station catchment areas, residential properties with higher TOD levels were positively associated with higher value. In addition, increasing pedestrian and bike accessibility and integrating diversified urban functions around stations could create more value for nearby residential properties.

Supplemental Notes:

© National Academy of Sciences: Transportation Research Board 2020.

Language:

English

Authors:

Jiang, Yang
Gu, Peiqin
Cao, Zhejing
Chen, Yulin

Pagination:

pp 362-372

Publication Date:

2020-4

Serial:

Transportation Research Record: Journal of the Transportation Research Board

Volume: 2674
Issue Number: 4
Publisher: Sage Publications, Incorporated
ISSN: 0361-1981
EISSN: 2169-4052
Serial URL: http://journals.sagepub.com/home/trr

Media Type:

Web

Features:

References (43)

Geographic Terms:

Subject Areas:

Economics; Planning and Forecasting; Public Transportation

Files:

TRIS, TRB, ATRI

Created Date:

Mar 12 2020 3:02PM

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