Impact of Heterogeneity on Transaction Velocity in New Commercial Housing Market: the Micro Evidence from Beijing
基于北京新房市场大样本数据，用异方差校正的持续时间模型检验住房异质性对销售条件概率的影响，发现地铁、教育、医疗和休闲设施的影响依次递减，且在大户型、预售和规模较小项目中更强，对市场参与者和政策制定者有参考价值。
Based on heteroscedasticity-corrected duration likelihood model and the large sample from the new built commercial housing market in Beijing,this paper empirically tested the significance and the robustness of the impact that the housing heterogeneity renders on the conditional probability of housing sales.The empirical results demonstrate that the impact′s significance of subway and commuting,the education resources,the healthcare resources and the leisure amenities on housing transaction appear in the declining order,while those impacts became stronger within the sample of large-size housing,the pre-sold housing and the housing from a relative thin scale housing project.The conclusion can both contribute to the market participants for the adjustment of housing trading decision and the policy maker for making market policy and affordable housing policy.