Tracking the pulse of a city—3D real estate price heat maps
提出一种半参数局部加权模型，利用新加坡住宅交易数据构建三维交互热力图，可视化房价增值的空间差异与时间波动，辅助购房者、投资者和政策制定者决策。
Abstract This paper proposes the use of a semiparametric model based on a locally weighted approach that controls for dynamic agglomeration and diffusion effects in constructing localized housing price indices. Based on residential transaction records in Singapore, we create three‐dimensional interactive heat maps that allow for better measurement and visualization of spatial variations and heterogeneity in price appreciation. The heat map captures regional variations and temporal dispersions in price appreciation rates in the business cycle. Our methodology provides high‐resolution information about price dynamics that could aid individual buyers, investors, and policy makers in making objective and informed decisions.