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Impacts of rail transit access on land and housing values in China: a quantitative synthesis

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Listed:
  • Wenjie Wu
  • Siqi Zheng
  • Bing Wang
  • Minzhe Du

Abstract

Rail transit investment has been viewed as a prominent policy instrument for local and regional development. However, little is known about to what extent the theorised changes in land and housing values arising from rail transit access can be substantiated by evidence in a large developing country context. This paper presents a quantitative review of empirical studies that analysed the impacts of rail transit access on land and housing values in China. We review empirical analyses in 67 studies from 1997 to 2018 for which we encode quantitative results along with a range of theoretically combinations of spatially contextual characteristics, data and methodological-design characteristics. The results show that there are significant variations in the size estimates of effects of rail transit access across studies. Such variations are associated with rail project types, data and methodological designs. Our study provides the insights on what has already been known and what needs to be known on evaluating real estate consequences of rail transit improvements in developing countries.

Suggested Citation

  • Wenjie Wu & Siqi Zheng & Bing Wang & Minzhe Du, 2020. "Impacts of rail transit access on land and housing values in China: a quantitative synthesis," Transport Reviews, Taylor & Francis Journals, vol. 40(5), pages 629-645, July.
    • Handle: RePEc:taf:transr:v:40:y:2020:i:5:p:629-645
    DOI: 10.1080/01441647.2020.1747570
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    Cited by:

    1. Murakami, Jin & Villani, Caterina & Talamini, Gianni, 2021. "The capital value of pedestrianization in Asia's commercial cityscape: Evidence from office towers and retail streets," Transport Policy, Elsevier, vol. 107(C), pages 72-86.
    2. Dongsheng He & Guibo Sun & Ling Li & Chris Webster, 2024. "New metro and housing price and rent premiums: A natural experiment in China," Urban Studies, Urban Studies Journal Limited, vol. 61(7), pages 1371-1392, May.
    3. Li, Ling & Yu, Shujin & Luo, Yusi & Liang, Jianming, 2025. "Upward or downward mobility? Unpacking the impact of subway development on residential relocation using mobile data," Transportation Research Part A: Policy and Practice, Elsevier, vol. 202(C).
    4. Wu, Wenjie & Cao, Mengqiu & Wang, Fenglong & Wang, Ruoyu, 2024. "Nonlinear influences of landscape configurations and walking access to transit services on travel satisfaction," Transportation Research Part A: Policy and Practice, Elsevier, vol. 189(C).
    5. Liang, Jian & Currie, Graham & Koo, Kang Mo & Reynolds, James, 2025. "Exploring factors affecting how transit service level influences house prices by individual transit mode," Transportation Research Part A: Policy and Practice, Elsevier, vol. 200(C).
    6. Ling, Changlong & Chen, Zhenhua & Yang, Jiawen & Yang, Tianren, 2025. "Evaluating inclusive transit-oriented development with location affordability and its influencing factors," Transportation Research Part A: Policy and Practice, Elsevier, vol. 201(C).
    7. Tan, Yiru & Zhao, Pengjun & Li, Ling, 2025. "Subway expansion, residential relocation, and travel behavior: Causal evidence from China," Journal of Transport Geography, Elsevier, vol. 124(C).
    8. Yuan, Liang & Fan, Xiaoming, 2023. "As a Chinese saying goes, ‘To get rich, first pave the way’: The opening of high-speed rail and automobile consumption in China," Journal of Retailing and Consumer Services, Elsevier, vol. 73(C).
    9. Nij Tontisirin & Sutee Anantsuksomsri, 2021. "Measuring transit accessibility benefits and their implications on land value capture: a case study of the Bangkok Metropolitan Region," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(2), pages 415-449, October.

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