Impacts of Housing Features on Home Prices in Chengdu: Logarithmic Linear Regressions

摘要

This paper aims to analyse the effects of several housing features on home prices in Chengdu, China. These features include larger floor space and green coverage rate. There are 1006 samples. Sampling is focused on existing ordinary homes. Data were collected from metropolitan Chengdu. Utilizing log-linear hedonic techniques, the study suggests a nonlinear marginal effect of housing age on house prices. Green converge has a positive impact on prices. We suggest higher property tax rates applicable to units with larger floor space, higher green coverage rate and lower volume fraction.