HUBEI AGRICULTURAL SCIENCES ›› 2021, Vol. 60 ›› Issue (12): 95-100.doi: 10.14088/j.cnki.issn0439-8114.2021.12.019

• Horticulture & Local Products • Previous Articles     Next Articles

Quantification and influencing factors of public park commodity value:Taking Nanhu park in Nanning city as example

DU Yan-pei1,2, LI Zai-liu2, GUO Song1,2   

  1. 1. Guangxi Arts University, Nanning 530007, China;
    2. Forestry College,Guangxi University, Nanning 530004, China
  • Received:2020-06-14 Online:2021-06-25 Published:2021-07-19

Abstract: The evaluation of park's commodity value provides an important decision basis for urban land use development and construction management. This article uses the hedonic price method to investigate the prices of second-hand houses around Nanhu park in Nanning city and quantify the commodity value of the park. The results are showed following,the optimal model for HPM at Nanhu park is semi-logarithmic model; there are 9 variables that significantly affect the unit price of houses (Pr) around the park, namely building age (S7), total floor number (S8), distance from Nanning railway station (L2), distance from the nearest subway station (L4), distance from Yongjiang river (L6), distance from the nearest general hospital (N1), distance from the nearest key primary school (N2), distance from the nearest higher education institution (N4), and whether Nanhu lake can be seen(N7). The distance from Nanhu park (N5) has no significant effect on the housing unit price, while whether Nanhu lake can be seen (N7) has a value-added rate of 16.314% to the unit price of houses (Pr) around the park. The commodity value produced by Nanhu park is about 1.1810 billion yuan, which indicates that the park has a huge spillover effect on the value-added of surrounding real estate.

Key words: property price, hedonic price method, unit price of house, Nanhu park, Nanning city

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