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Multiscale impacts of land environmental features and planning on apartment resale prices in Jinan City, China

  • Jiaqian Xu
    ,
  • Zhihua Zhang
    ,
  • James Crabbe
  • Shandong University
    ,
  • University of Oxford
Research Output: Contribution to journal Article Peer-review

Open access

Sustainable Development Goals

  • SDG 11 - Sustainable Cities and Communities
    SDG 11 Sustainable Cities and Communities

Abstract

As a typical city with a population of 5 to 10 million in China, Jinan has undergone significant increases in land supply during the past decade, resulting in substantial volatility in apartment sale/resale market prices. In this study, we investigated all second-hand apartment transactions from 826 communities of Jinan city and explored the multiscale impacts of land environmental features and planning on apartment resale prices throughout the city. Specifically, central and eastern regions had significantly positive impacts on apartment resale prices, while western regions had significantly negative impacts; education resources had consistently positive impacts throughout the city while shopping, business buildings, and medical resources had insignificant impacts; subway stations had insignificant impacts and bus stations had significant effects only in congestion points and northeastern edges. Our results revealed the formation mechanisms and spatial heterogeneity of apartment resale prices in Jinan. Our work will not only help in the decision making of potential apartment purchasers, but will also be conducive to enhancing the spatial justice of local governments in land supply and planning policies.

Publication Information

Output type

Research Output: Contribution to journal Article Peer-review

Original language

English

Article number

954

Journal (Volume, Issue Number)

Land (Volume 13, Issue 7)

Publication milestones

  • Accepted/In press - 27/06/2024
  • Published - 29/06/2024

Publication status

Published - 29/06/2024

External Publication IDs

  • handle.net: 10547/626319
  • Scopus: 85199798807

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