Research on the Premium Effects of Visible Water Volume on Residential Land Price: A Case Study in Shenzhen

WU Jiansheng1,2,†, ZHU Jie1, LIAO Xing1

1. The Key Laboratory for Habitat Environmental Science and Technology, School of Urban Planning and Design, Peking University Shenzhen Graduate School, Shenzhen 518055; 2. College of Urban and Environmental Sciences, Laboratory for Earth Surface Processes (MOE), Peking University, Beijing 100871; † Corresponding author, E-mail: wujs@pkusz.edu.cn

Abstract It is necessary to explore the influence of water visibility on land price under the mechanism of Bid Invitation, Auction and Listing in order to provide a reference both for the government to stabilize the market and for the market participants to make rational purchasing decisions. This research selects Shenzhen as the study area and collects the residential land transaction data released by Shenzhen Land Real Estate Trading Center and multiple POI data from Google earth and Baidu map, as well as Landsat data. The study quantitatively analyzes the influence of water visibility on residential land price and discusses the spatial differences of visual water premium effects on the basis of GWR model. The result shows that, the residential land price premium on every 10000 m2’s increase of visual sea area ranged between 0.4 to 0.79 yuan/m2, increasing 0.005%–0.009%, besides, the contribution of per level’s visual reservoir area promotion ranges between 1176 yuan/m2 to 1991 yuan/m2, increasing 13.490%–22.838%, and the visual length of the secondary river network increased every 100 m producing the premium ranges between 122 to 503 yuan/m2, increasing 1.399%–5.770%. The volume of visual water showes obvious spatial heterogeneity on the distribution of Shenzhen’s residential land price. It could be

国家自然科学基金(41330747)资助收稿日期: 2016–11–15; 修回日期: 2017–04–17; 网络出版日期: 2018–01–05