Title

The Impacts of Mass Transit Improvements on Residential Land Development Values: Evidence from the Bangkok Metropolitan Region

Document Type

Journal Article

Publication Date

2015

Subject Area

mode - mass transit, place - asia, technology - geographic information systems, land use - impacts, economics - value capture

Keywords

Spatial analysis, land values, mass transit, GIS, Bangkok

Abstract

This study examines the impacts of the new mass transit systems on the land values of residential development in the Bangkok Metropolitan Region, Thailand, using geographic information systems and spatial econometrics. The study finds that the proximity to mass transit stations spatially correlates with an increase in the prices of residential land. The benefits of the new mass transit stations, however, may not be equally distributed to the residents of Bangkok due to the lack of value-capture mechanisms such as a capital gains tax or a property tax. Policy implications regarding property taxation are also discussed.

Rights

Permission to publish the abstract has been given by Taylor&Francis, copyright remains with them.