The Impact of Public Resource Allocation on Housing Prices – Taking Chengdu as an Example

Research Article
Open access

The Impact of Public Resource Allocation on Housing Prices – Taking Chengdu as an Example

Qingying Gao 1*
  • 1 The University of Michigan    
  • *corresponding author qingyinggao0407@gmail.com
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/10/20230424
AEMPS Vol.10
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-47-8
ISBN (Online): 978-1-915371-48-5

Abstract

This paper examines the impact of public resource allocation on housing prices and uses Chengdu as an example for analysis. By comparing education, healthcare, and transportation in each district of Chengdu, the study finds that public resource allocation and housing prices in Chengdu are positively correlated and that education and healthcare resources are more strongly correlated with property prices. Both public resources and property prices in Chengdu show a general trend of "circle + radial" diffusion, decreasing from the first to the third circle. After comparing the public resources and property prices in each district, it is clear that there is still a large gap between districts. This paper argues that the government should increase the construction of public resources and optimize talent policies in the surrounding areas in order to alleviate the disparity between districts, disperse the pressure on public resources in each district in the first circle, and promote coordinated urban development.

Keywords:

house price, public resources, real estate

Gao,Q. (2023). The Impact of Public Resource Allocation on Housing Prices – Taking Chengdu as an Example. Advances in Economics, Management and Political Sciences,10,28-36.
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References

[1]. Jiang Lihong,Li Qinghua. Analysis of locational factors affecting housing prices[J]. Urban Development,2005(04):79-81.

[2]. Wen Haizhen, Yang Shang, Qin Zhongfu. The impact of urban education facilities on residential prices: an empirical analysis based on the perspective of public goods capitalization[J]. China Land Science,2013,27(01):34-40.

[3]. Xiang Lei,Tian Miao. A framework of integrated development system of Chengdu's rail transit stations guided by the concept of "public transportation-oriented development"[J]. Urban Rail Transit Research,2021,24(08):11-16+22.

[4]. Yang Xiao, Qiao Junjie. The road of Chengdu transportation planning and construction development[J]. Housing,2019(14):37-39.

[5]. Wang Hong. Research on the impact of purchase restriction policy on housing prices in Chengdu [D]. Southwest University of Finance and Economics, 2020.

[6]. Han Qinghua, Nie Huixing, Zhang Li. Chengdu's housing price rises to the top of the west, and the government is pushing to "reduce the fever" [N]. China Economic Times, 2005-05-24.

[7]. Zhang Ke, Cheng Shi, Tang Yan, Gu Yuedan. The division of urban-rural integration development zones under the territorial spatial planning system: Shuangliu District as an example[J]. Resources and Habitat, 2022(04):24-30.

[8]. Wang Xingrui, Chi Yuhang. Do urban medical resources affect housing prices? --An empirical analysis based on 70 Chinese cities[J]. Market Week,2022,35(04):51-56.

[9]. Chen Xiaoke. Research on the regional stratification effect of public resources on housing prices[D]. East China Normal University,2016.

[10]. Wang Qingshan, Zhai Guozheng, Zhang Peng, Gao Yujia. Path reflection on the planning and transformation of old urban areas from the perspective of urban renewal[J]. Sichuan Cement,2022(06):70-71+74.

Cite this article

Gao,Q. (2023). The Impact of Public Resource Allocation on Housing Prices – Taking Chengdu as an Example. Advances in Economics, Management and Political Sciences,10,28-36.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies

ISBN：978-1-915371-47-8(Print) / 978-1-915371-48-5(Online)
Editor：Javier Cifuentes-Faura, Canh Thien Dang
Conference website: https://2023.confbps.org/
Conference date: 26 February 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.10
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Jiang Lihong,Li Qinghua. Analysis of locational factors affecting housing prices[J]. Urban Development,2005(04):79-81.

[2]. Wen Haizhen, Yang Shang, Qin Zhongfu. The impact of urban education facilities on residential prices: an empirical analysis based on the perspective of public goods capitalization[J]. China Land Science,2013,27(01):34-40.

[3]. Xiang Lei,Tian Miao. A framework of integrated development system of Chengdu's rail transit stations guided by the concept of "public transportation-oriented development"[J]. Urban Rail Transit Research,2021,24(08):11-16+22.

[4]. Yang Xiao, Qiao Junjie. The road of Chengdu transportation planning and construction development[J]. Housing,2019(14):37-39.

[5]. Wang Hong. Research on the impact of purchase restriction policy on housing prices in Chengdu [D]. Southwest University of Finance and Economics, 2020.

[6]. Han Qinghua, Nie Huixing, Zhang Li. Chengdu's housing price rises to the top of the west, and the government is pushing to "reduce the fever" [N]. China Economic Times, 2005-05-24.

[7]. Zhang Ke, Cheng Shi, Tang Yan, Gu Yuedan. The division of urban-rural integration development zones under the territorial spatial planning system: Shuangliu District as an example[J]. Resources and Habitat, 2022(04):24-30.

[8]. Wang Xingrui, Chi Yuhang. Do urban medical resources affect housing prices? --An empirical analysis based on 70 Chinese cities[J]. Market Week,2022,35(04):51-56.

[9]. Chen Xiaoke. Research on the regional stratification effect of public resources on housing prices[D]. East China Normal University,2016.

[10]. Wang Qingshan, Zhai Guozheng, Zhang Peng, Gao Yujia. Path reflection on the planning and transformation of old urban areas from the perspective of urban renewal[J]. Sichuan Cement,2022(06):70-71+74.

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