THIS STUDY OF LAND PRICE OF SURBURBAN ROADSIDE AREA HAS SHOWN THAT LAND PRICE HAS GONE UP REMARKABLY IN PLACES WHERE RESIDENTAL AREA HAS COME TO BE PERCEIVED AS A COMMERCIAL AREA WITH THE INFLUX OF COMMERCIAL FACILITIES, AND THERE THE PRICE HAS SHARPLY DECLINED AFTER THE BIG RISE. ALSO, COMPARISON BETWEEN THE ACTUAL LAND PRICE AND THEORETICAL PRICE BASED ON LAND PROFITABILITY HAS MADE IT CLEAR THAT THE HIGH LAND PRICE ALONG PRINCIPAL ROADS IS LARGELY EXPLAINED BY THE IMPROVEMENT OF PROFITABILITY AS COMMERCIAL LAND, WHEREAS THAT ALONG LIFE ROADS IS EXPLAINED BY THE EXPECTATION OF CAPITAL GAINS.
