THE IMPACTS OF THE RAIL TRANSIT ON PROPERTY VALUES:EMPIRICAL STUDY IN BATONG LINE OF BEIJING
研究了轨道交通对房地产价值的影响，发现商业和住宅地产的增值效应在市中心和郊区存在差异，并用北京八通线数据验证了这一观点。
Though most studies confirm the positive impacts of the rail transit on property values,a few studies report the insignificant impacts.It is suggested that the submarket effect is the important factor that causes the mixed conclusions.The article puts forward that the submarket effect is the integration of two opposite effects.The difference between the bid-rent gradients of the commercial and office sector and that of the residential essentially shifts the relative magnitude of these two effects.As for the commercial and office property,the impact of the Effect Ⅰis greater than that of Effect Ⅱ,that causes the value premium higher in CBD than that in suburb.While for the residential,the impact of Effect Ⅱ dominates so the premium in suburb is higher.Our empirical study on Batong line verifies the above idea.