Economics and Business
Quarterly Reviews
ISSN 2775-9237 (Online)
Published: 25 June 2019
Research on Housing Price Factors of Zhuhai City：Under the background of the Opening of Hong Kong - Zhuhai - Macao Bridge
Jia-Yan Zhou, Wen-Tsao Pan, Mei-Er Zhuang
Guangdong University of Foreign Studies, China
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10.31014/aior.1992.02.02.100
Pages: 448-458
Keywords: Hong Kong-Zhuhai-Macao Bridge, Real Estate Industry, Zhuhai, Hedonic Model, Equal Part Linear Regression Model
Abstract
The completion and opening of the Hongkong-Zhuhai-Macao Bridge not only strengthened the links between different cities in the Pearl River Delta region but also greatly promoted economic exchanges between Hong Kong and Macao and the Mainland. In theory, the facilitation of traffic conditions can drive economic development around it, especially in the area of real estate, which may have a regional housing price convergence effect. Taking Zhuhai real estate industry as the research object, this paper selects 39 communities in Xiangzhou District (including Hengqin New District) as samples, based on the Hedonic model. And through the method of Equal Part Linear Regression Model to establish the functional relationship between the housing price of Zhuhai and the location factors, neighborhood factors and other influencing factors, to find out the main factors affecting Zhuhai housing prices after the opening of the Hong Kong-Zhuhai-Macao Bridge. The results show that for the Xiangzhou District of Zhuhai, the distance from the sea is an important factor affecting housing prices, showing a significant negative correlation. However，other general factors affecting house prices play a relatively small role.
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