Quantitative analysis of the impact of sponge city construction on housing prices with Suining city in Sichuan Province as an example

被引:0
作者
Shen Y. [1 ]
Xu Y. [1 ]
Wu J. [1 ]
机构
[1] Hang Lung Center for Real Estate, Department of Construction Management, Tsinghua University, Beijing
来源
Qinghua Daxue Xuebao/Journal of Tsinghua University | 2021年 / 61卷 / 06期
关键词
Cost benefit analysis; Housing price premium; Sponge city;
D O I
10.16511/j.cnki.qhdxxb.2021.22.005
中图分类号
学科分类号
摘要
The sponge city method is a new concept that has been vigorously advocated in recent years in China's urban construction and renewal. This method improves the construction ecology, reduces urban flood risks and promotes water recycling. Thus, sponge city construction improves the living environment and enhances people's willingness to pay for housing. This study analyzes Suining city in Sichuan Province as an example to study the impact of sponge city construction on the housing market price. The analysis shows that sponge city construction increases the average community housing price per year by 385.2 Yuan/m2 (or 5.48%) with the pricing premium appearing from the rainy season in Suining. The sponge city construction increases the local economic benefit of Suining by 3.985 billion Yuan from housing price premium. The overall benefit is 6.302 billion Yuan considering all the contributions, which exceeds the construction cost. © 2021, Tsinghua University Press. All right reserved.
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页码:573 / 581
页数:8
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