House Price And Its Determinations In The Pudong New Area Based On Hedonic Model

In recent years, housing prices become the focus of attention of the whole people, the timely and full grasp of domestic price information, through the study of the impact on domestic prices of the relevant factors, grasp the changes of domestic prices, the impact on domestic prices of the various factors that help guide the housing industry Healthy development. Pudong New Area because of its specific location, historical background and mode of development of its domestic market in Shanghai is a subsystem of the housing market, but also a distinguished from the traditional residential market in Shanghai (Puxi mainly) of the emerging entity, the Pudong New Area of residential research Price characteristics is of great significance.HPM (Hedonic Price Model) pricing model is a series of housing as an attribute of a heterogeneous goods, consumer preferences and effectiveness as the basis of the study, using modern statistical tools to the analysis of the empirical method of interpretation of the impact on property prices Various factors. This paper attempts to HPM pricing model used in the Pudong New Area housing market, the Pudong New Area of the residential characteristics, characteristics of the price, applicable to the construction of the Pudong New Area residential market HPM pricing model, and further verification HPM pricing model in the residential market applicability.The main conclusions are: in the Pudong New Area real estate prices, property fees, decoration, regional, location, rail transportation and the lift of the previous six, the six characteristics that the greatest impact on housing prices, several other characteristics like Parking spaces, property status, green rate, the rate of volume is relatively small.