Tan, Teck Hong (2011): Measuring the willingness to pay for houses in a sustainable neighborhood. Forthcoming in: The International Journal of Environmental, Cultural, Economic and Social Sustainability , Vol. 7, (2011)
Download (208kB) | Preview
This paper determine the responsiveness of the willingness to pay to changes in structural, locational, and neighborhood attributes of housing that incorporate sustainability objectives. In this study, 299 households from Kuala Lumpur and Selangor in Malaysia were interviewed. Results show that housing developers should build the neighborhood that promotes sustainability as house buyers generally are willing to pay more to live in a sustainable neighborhood. In order to build a progressive low carbon economy, the government should create the vision and give policy directions and guidelines that describe all aspects necessary of a sustainable neighborhood.
|Item Type:||MPRA Paper|
|Original Title:||Measuring the willingness to pay for houses in a sustainable neighborhood|
|Keywords:||Sustainable Neighborhood, Sustainability, Willingness to Pay, Malaysia|
|Subjects:||Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth
?? C42 ??
|Depositing User:||Dr Teck Hong Tan|
|Date Deposited:||29. Apr 2011 09:49|
|Last Modified:||11. Feb 2013 17:15|
Al-Hagla, K. (2008). Towards a Sustainable Neighborhood: The Role of Open Spaces. International Journal of Architectural Research. 2(1), 162 – 177.
Arimah, B.C. (1992). An Empirical Analysis of the Demand for Housing Attributes in a Third World City. Land Economics, 68, 366 – 379.
Blum, A. & Grant, M. (2006). Sustainable Neighborhood: Assessment Tools for Renovation and Development. Journal of International Research Publications: Ecology and Safety. I, 37 – 54.
Bolitzer, B., & Netusil, N. R. (2000). The Impact of Open Spaces on Property Values in Portland, Oregon. Journal of Environmental Management, 59, 185 – 193.
Brundtland, G. (1987) Our Common Future: The World Commission on Environment and Development, Oxford, Oxford University Press.
Buys, L., Barnett, K., Miller, E., and Bailey, C. (2005) Smart Housing and Social Sustainability: Learning from the Residents of Queensland’s Research House, Australian Journal of Emerging Technology and Society, 3 (1), 43 – 57.
Carpiano, R. M. (2007), Neighborhood Social Capital and Adult Health: An Empirical Test of a Bourdieu-Based Model, Health and Place, 13, 639 – 655.
Chin, T. L, Chau K. W, & Ng F F. (2004). The Impact of the Asian Financial Crisis on the Pricing of Condominiums in Malaysia. Journal of Real Estate Literature, 12, 33 – 50.
Choguill, C. L. (2007). The Search for Policies to Support Sustainable Housing. Habitat International, 31, 143 – 149.
Choguill, C. L. (2008). Developing Sustainable Neighborhoods. Habitat International, 32, 41 – 48.
DiPasquale, D. & Glaeser, E. L. (1999). Incentives and Social Capital: Are Homeowners Better Citizens? Journal of Urban Economics, 45, 354 – 383.
Engel-Yan, J, Kennedy, C. Saiz, S. & Pressnail, K. (2005). Toward Sustainable Neighborhood: the Need to Consider Infrastructure Interactions. Canadian Journal of Civil Engineering, 32, 45 – 57.
Geoghegan, J. (2002). The Value of Open Spaces in Residential Land Use. Land Use Policy, 19, 91 – 98.
Jiboye, A. D. & Ogunshakin, L. (2010). The Place of the Family House in Contemporary Oyo Town, Nigeria. Journal of Sustainable Development, 3 (2), 117 – 128.
Jim, C. Y., & Chen, W. Y. (2006), Impacts of Urban Environmental Elements on Residential Housing Prices in Guangzhou (China). Landscape and Urban Planning, 78, 422- 434.
Jim, C. Y., & Chen, W. Y. (2007). Consumption Preferences and Environmental Externalities: A Hedonic Analysis of the Housing Market in Guangzhou” Geoforum, 38, 414 – 431.
Jim, C. Y., & Chen, W. Y. (2009). Value of Scenic Views: Hedonic Assessment of Private Housing in Hong Kong. Landscape Urban Planning doi:10.1016/j.landurbplan.2009.01.009
Kan, K. (2007) Residential Mobility and Social Capital, Journal of Urban Economics, 61, 436 – 457.
Hui, E. C. M, Chau, C. K. Pun, L., & Law, M. Y, (2007). Measuring the Neighboring and Environmental Effects on Residential Property Value: Using Spatial Weighting Matrix. Building and Environment, 42, 2333 – 2343.
Laakso, S., & Loikkanen, H.A. (1995). Finnish Homes – Through Passages or Traps. Real Estate Economics, 23, 475 – 495.
Luttik, J. (2000). The Value of Trees, Water and Open Spaces as Reflected by House Price in the Netherlands. Landscape and Urban Planning, 48, 161 – 167.
Lutzenhiser, M., & Netusil, N. R. (2001). The Effect of Open Spaces on a Home’s Sale Price Contemporary Economic Policy, 19, 291 – 298.
Moh, H. M. K., Chan, P.P.K., & Cho, Y. S. A. (1995). Hedonic Price Model for Private Properties in Hong Kong. Journal of Real Estate Finance and Economics, 10, 37 – 48.
Poortinga, W. Dunstan, F. D. & Fone, D. L. (2008) Neighborhood Deprivation and Self-Rated Health: The Role of Perceptions of the Neighborhood and of Housing Problems, Health and Place, 14, 562 – 575.
Poudyal, N. C., Hodges D. G., & Merrett, C. D. (2009). A Hedonic Analysis of the Demand and Benefits of Urban Recreation Parks. Land Use Policy doi:10.1016/j.landusepol.2008.11.008
Redfearn, C. L. (2009). How Informative Are Average Effects? Hedonic Regression and Amenity Capitalization in Complex Urban Housing Market” Regional Science and Urban Economics, 39, 297 – 306
Rohe, W. M., & Steward, L. S. (1996). Homeownership and Neighborhood Stability. Housing Policy Debate, 7, 37 – 81.
Rosen, S. (1974). Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. Journal of Political Economy, 82, 34 – 55.
Rossi, P. H. & Weber, E. (1996). The Social Benefits of Homeownership: Empirical Evidence from National Survey. Housing Policy Debates, 7, 1 – 35.
Sitar M., and Krajnc, K. (2008). Sustainable Housing Renewal. American Journal of Applied Sciences, 5(10, 61 – 66.
Tajima, K. I. (2003). New Estimates of the Demand for Urban Green Space: Implications for Valuing the Environmental Benefits of Boston’s Big Dig Project”. Journal of Urban Affair, 25, 641 – 655.
Tan, I., Tan, E., and Ng, E. (2010 May – June 2010). Dive Destiny. Home Finder, 38 – 43.
Tan, T. H (2008). Determinants of Homeownership in Malaysia, Habitat International, 32, 318 – 335.
Tan, T. H (2010). The Effects of Housing Characteristics on Neighborhood Stability of Homeownership, International Journal of Business and Emerging Market, Vol.2, No. 3, 286 – 304.
Tiwari, P., & Parikh, J. (1998). Affordability, Housing Demand and Housing Policy in Urban India” Urban Studies, 35, 2111 – 2129.
Tse, R. Y. C. & Love, P. E. D. (2000). Measuring Residential Property Values in Hong Kong. Property Management, 18, 366 – 374.
Tyrvainen, L. (1997). The Amenity Value of the Urban Forest: An Application of the Hedonic Pricing Method. Landscape and Urban Planning, 37, 211 – 222.
Tyrvainen, L. & Mitettinen, A. (2000). Property Prices and Urban Forest Amenities. Journal of Environmental Economics Management, 39, 205 – 223.
Wilhelmsson, M. (2000). The Impact of Traffic Noise on the Value of Single-Family Houses. Journal of Environmental Planning and Management, 43 (6), 799 – 15.
Available Versions of this Item
- Measuring the willingness to pay for houses in a sustainable neighborhood. (deposited 29. Apr 2011 09:49) [Currently Displayed]