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Study on the Factors Influencing Housing Price Based on the Radiation Effect of Commercial Center

In: Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)

Author

Listed:
  • Jixiang Wang

    (Harbin Institute of Technology, School of Management)

  • Yongxiang Wu

    (Harbin Institute of Technology, School of Management)

  • Lu Yu

    (Harbin Institute of Technology, School of Management)

Abstract

By analogy with the electromagnetic radiation effect in physics, the commercial center has a radiation effect on housing price. The author establishes a model of the radiation effect of commercial center on housing price. Select the brand influence, scale and distance of the commercial center as the characteristic indicators, Hedonic Price Model (HPM) is used to solve the model. 200 houses in Dao Li District of Harbin were selected for research. The results show that brand influence has a significant influence on housing price, influence coefficient is 0.024. The distance of commercial center has significant influence on residential buildings, influence coefficient is −0.026. The scale of commercial center and brand influence has collinearity.

Suggested Citation

  • Jixiang Wang & Yongxiang Wu & Lu Yu, 2024. "Study on the Factors Influencing Housing Price Based on the Radiation Effect of Commercial Center," Advances in Economics, Business and Management Research, in: Suhaiza Hanim Binti Dato Mohamad Zailani & Kosga Yagapparaj & Norhayati Zakuan (ed.), Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), pages 1683-1691, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-256-9_171
    DOI: 10.2991/978-94-6463-256-9_171
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