Using GIS and Hedonic in the modelling of spatial variation of housing price in Xiamen city

Abstract

Valuing the built environment with the support of GIS and housing price model is an interesting topic because it connects the spatial thinking with economic concerns. In this paper, we chose the ordinary commercial housing in Xiamen City as our research targets, and the technology of GIS and Hedonic price model were used. Xiamen city is a typical coastal city, and from the research result, we found that the distribution of higher housing price was kept consistent with the coastal areas of Xiamen city. Besides, the average housing price of Xiamen inner-island (the old urban island area) was far higher than the outer-island. To reveal the degree of different spatial elements affecting housing price, we chose 21 variables (three types: location characteristic, structure characteristic and neighbourhood characteristic) and measured them in GIS platform. The Hedonic model showed that the main elements that influencing the price of commodity housings in Xiamen included Property Management Fee, Distance to Commercial Center, Distance to Hospital, Distance to Primary School, Near Village or Not, Near Green space or Not, Near kindergarten or Not. At the end of the paper, we provided three suggestions to balance the spatial variation of housing price in Xiamen City.