tailieunhanh - Effects of urban transportation infrastructure development projects on residential land price in Cau Giay district, Hanoi city

Urban transportation infrastructure development projects usually act as a lever for real estate values. This research aims to assess the effects of some projects on urban land prices in three wards of Cau Giay District, namely Quan Hoa, Dich Vong, and Dich Vong Hau wards. With 161 samples surveyed, we established a multivariate linear regression model initially having 11 variables. | VNU Journal of Science Earth and Environmental Sciences Vol. 36 No. 4 2020 28-41 Original Article Effects of Urban Transportation Infrastructure Development Projects on Residential Land Price in Cau Giay District Hanoi City Le Phuong Thuy Bui Ngoc Tu Pham Le Tuan Tran Quoc Binh VNU University of Science 334 Nguyen Trai Hanoi Vietnam Received 09 December 2020 Revised 02 January 2020 Accepted 08 January 2020 Abstract Urban transportation infrastructure development projects usually act as a lever for real estate values. This research aims to assess the effects of some projects on urban land prices in three wards of Cau Giay District namely Quan Hoa Dich Vong and Dich Vong Hau wards. With 161 samples surveyed we established a multivariate linear regression model initially having 11 variables. As the result six variables are identified as having significant effect on land prices in the study area. Among those three variables are related to the local transportation infrastructure namely location of land parcels distance to urban railway lines and distance to public transport stations. Location of land parcels and distance to public transport stations are factors that have a significant influence in reality. Besides the distance to the urban railway lines is the factor that has a positive impact on land prices but it is only still a potential and should be extensively investigated in the future because the urban railway project is still in the implementation phase. Keywords Urban transportation infrastructure urban residental land prices Cau Giay District. ________ Corresponding author. E-mail address https 2588-1094 28 . Thuy et al. VNU Journal of Science Earth and Environmental Sciences Vol. 36 No. 4 2020 28-41 29 Ảnh hưởng của dự án phát triển hạ tầng giao thông đô thị đến giá đất ở tại khu vực quận Cầu Giấy thành phố Hà Nội Lê Phương Thúy Bùi Ngọc Tú Phạm Lê Tuấn Trần Quốc Bình Trường Đại học Khoa học Tự nhiên