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The impacts of mass transit on land development in China: The case of Beijing

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Listed:
  • Zhang, Ming
  • Wang, Lanlan

Abstract

Land development impacts of mass transit have long been studied in the developed economies. Yet relatively little is known by the outside world about the Chinese experience due to China's rather short history in the development of modern mass transit and land/property market. This paper attempts to fill the gap by presenting evidence from China, with a detailed case study of Beijing. Selecting three newly built suburban transit lines in Beijing, the study examined land development context and estimated hedonic housing price models to measure the proximity premiums associated with these three lines. The empirical evidence in Beijing, one of the first tier mass transit cities in China, shows that investments in mass transit can have significant and positive impacts on land development. Properties with transit proximity enjoy sizable price or value premiums. The study also confirms the international experience: transit impacts on land development are unlikely to occur automatically; they rely greatly on supportive regional and site conditions. Integrated planning and design for mass transit and land development are critical to expand and maximize the return of transit investments.

Suggested Citation

  • Zhang, Ming & Wang, Lanlan, 2013. "The impacts of mass transit on land development in China: The case of Beijing," Research in Transportation Economics, Elsevier, vol. 40(1), pages 124-133.
  • Handle: RePEc:eee:retrec:v:40:y:2013:i:1:p:124-133
    DOI: 10.1016/j.retrec.2012.06.039
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    References listed on IDEAS

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    Cited by:

    1. Rodriguez, Daniel A. & Vergel-Tovar, Erik & Camargo, William F., 2016. "Land development impacts of BRT in a sample of stops in Quito and Bogotá," Transport Policy, Elsevier, vol. 51(C), pages 4-14.
    2. Yang, Jiawen & Quan, Jige & Yan, Bin & He, Canfei, 2016. "Urban rail investment and transit-oriented development in Beijing: Can it reach a higher potential?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 140-150.
    3. Mitra, Suman K. & Saphores, Jean-Daniel M., 2016. "The value of transportation accessibility in a least developed country city – The case of Rajshahi City, Bangladesh," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 184-200.
    4. repec:eee:trapol:v:64:y:2018:i:c:p:123-131 is not listed on IDEAS
    5. Zhong, Shaopeng & Wang, Shusheng & Jiang, Yao & Yu, Bo & Zhang, Wenhao, 2015. "Distinguishing the land use effects of road pricing based on the urban form attributes," Transportation Research Part A: Policy and Practice, Elsevier, vol. 74(C), pages 44-58.
    6. Mu, Rui & de Jong, Martin, 2016. "A network governance approach to transit-oriented development: Integrating urban transport and land use policies in Urumqi, China," Transport Policy, Elsevier, vol. 52(C), pages 55-63.
    7. Xu, Tao & Zhang, Ming & Aditjandra, Paulus T., 2016. "The impact of urban rail transit on commercial property value: New evidence from Wuhan, China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 91(C), pages 223-235.
    8. repec:eee:transa:v:105:y:2017:i:c:p:106-122 is not listed on IDEAS

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