Application of Hedonic Model to Determine Residential Land Valuation in Suburban Areas: the Case of Hue City, Vietnam

• Autorzy: Le Huu Ngoc Thanh , Nguyen Huu Ngu
• Języki publikacji: EN

Abstrakty

EN

The paper aims to promote a model for determining residential land prices within a suburb of Hue city, Vietnam to improve the efficiency of land price determination and management. The study conducted surveys of 27 variables of 200 residential land plots in order to run the hedonic model using SPSS 26.0 software. The result developed a model that explained 78% of the change in land prices by incorporating five factors: area of land, width of road attached to the land plot, distance to hospital, ability to generate cash flow and planning information. Meanwhile, the writers also produced a map of residential land prices in the 2022 suburban areas of Hue city, Vietnam. This is a helpful tool in land market consulting and land valuation procedures.(original abstract)

Słowa kluczowe

EN

Hedonic price model; Hedonic pricing method (HPM); Suburban areas; Ground real estate

PL

Analiza hedoniczna cen; Metoda cen hedonicznych (HPM); Strefy podmiejskie; Nieruchomości gruntowe

• Czasopismo: Real Estate Management and Valuation
• Rocznik: 2024
• Numer: vol. 32, iss. 2
• Strony: 70--79

Twórcy

autor

Le Huu Ngoc Thanh

• University of Agriculture and Forestry, Hue University

autor

Nguyen Huu Ngu

• University of Agriculture and Forestry, Hue University

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Identyfikatory

DOI

doi.org/10.2478/remav-2024-0016