城镇化与城市发展

中国高星级绿色住宅溢价的影响因素及其区域异质性——基于Hedonic模型的实证研究

  • 杨木旺 ,
  • 侯盼龙 ,
  • 叶雨晨
展开
  • 1. 华东师范大学经济与管理学部工商管理学院房地产系,上海,200241;2. 金地商置集团华东区域投资拓展部;3. 华东师范大学经济与管理学部房地产经营与管理专业
杨木旺,博士,华东师范大学经济与管理学部工商管理学院房地产系讲师(上海,200241);侯盼龙,硕士,金地商置集团华东区域投资拓展部助理经理;叶雨晨,华东师范大学经济与管理学部房地产经营与管理专业本科生。

网络出版日期: 2020-03-24

基金资助

国家社科基金项目"制度、效率和中国住房保障研究"(项目编号:17BJY218)。

Influencing Factors and Regional Heterogeneity of the Price Premium of High-Star Grade Green Residential Buildings in China: An Empirical Research Based on the Hedonic Model

  • YANG Mu-wang ,
  • HOU Pan-long ,
  • YE Yu-chen
Expand

Online published: 2020-03-24

摘要

近年来,国内绿色建筑迎来全面发展,绿色溢价引发行业广泛重视。基于二手高星级绿色住宅转让溢价的新视角,运用Hedonic方法和区域异质性理论,采集我国绿色发展领先城市2015-2017年的737组高星级绿色住宅价格、区位、绿色星级、项目品质、房龄及宏观经济等季度数据,探究绿色溢价的影响因素及其区域异质性,其实证结果表明:高星级绿色住宅在三级市场中二手转让溢价显著,其溢价随着星级升高、社区品质优化、城市平均房价上涨、人口流入、人均GDP提高而上升,随着项目区位远、房龄高、土地成本上升、销售供给量增加而下降。进一步研究发现,绿色溢价受绿色星级、项目品质、房龄的影响存在区域异质性,且部分城市存在"过热现象"。因此,职能部门应实施"一城一策"的精准引导和市场监管。

本文引用格式

杨木旺 , 侯盼龙 , 叶雨晨 . 中国高星级绿色住宅溢价的影响因素及其区域异质性——基于Hedonic模型的实证研究[J]. 华东师范大学学报(哲学社会科学版), 2020 , 52(2) : 181 -192 . DOI: 10.16382/j.cnki.1000-5579.2020.02.017

Abstract

In recent years, China's green buildings have been developing in an all-round way, and the green price premium has attracted widespread attention. Taking the new perspective of the price premium of second-hand high-grade green residential buildings(two-star grade and three-star grade), using the Hedonic method and the theory of regional heterogeneity, and collecting 737 sets of data from Q3 quarter of 2015 to Q4 quarter of 2017 in 10 consecutive quarters of 8 leading cities in China, this paper examines the influence of location, green grade, project quality, building age, time fluctuation and macro factors on price premium ability. The results show that the price premium is significant; it increases with higher star grade, better community quality, the rising of average sale price, the more inflow of population, and the rising of the per capita GDP; and it decreases with more remote project location, higher building age, the rising of land price, and more supply area for sales. Further research finds that the impact of green star grade, project quality and housing age on green price premium has regional heterogeneity. "Overheating" exists in some cities. Therefore, the departments should carry out precise policy guidance and market supervision with the principle of "One city, One policy".

参考文献

陈立文、甄亚,2018,《基于市场细分视角的城市住房价格影响因素研究——以天津市为例》,《管理现代化》第5期。
郝前进,2009,《特征价格法与城市住宅价格的决定机制》,南京:南京大学出版社。
郝前进、陈杰,2012,《房龄折旧率与住房价格——基于上海数据的实证研究》,《世界经济文汇》第6期。
李明、李干滨,2017,《基于生态环境效益补偿的绿色建筑激励机制研究》,《科技进步与对策》第9期。
李欣点、朱恩伟、刘洪玉、吴璟,2018,《城市同质化住房价格空间分布研究——基于半参数特征价格模型的分析》,《价格理论与实践》第1期。
刘戈、李雪,2014,《基于博弈分析的绿色建筑激励机制设计与激励力度研究》,《科技管理研究》第4期。
马晓国,2015,《基于实物期权的绿色建筑增量成本效益评价》,《技术经济与管理研究》第5期。
仇保兴、李东红、吴志强,2017,《中国绿色建筑空间演化特征研究》,《城市发展研究》第7期。
汤文彬,2016,《我国房地产价格影响因素实证分析》,《价格理论与实践》第1期。
万建香,2018,《关于房价与土地供应关系的研究——以上海市为例》,《价格理论与实践》第2期。
王弟海、管文杰、赵占波,2015,《土地和住房供给对房价变动和经济增长的影响——兼论我国房价居高不下持续上涨的原因》,《金融研究》第1期。
胥玲,2009,《中国城市房价和地价的决定因素及相互关系》,《财政研究》第11期。
杨木旺、龙胜平、王金成,2012,《低碳房地产发展战略与路径研究——基于上海某公共租赁房的实证》,《生态经济》第1期。
郑基超、倪泽强、孙韦,2016,《人口结构对房价的影响——基于面板数据的分析》,《江淮论坛》第5期。
Bateman, I. J., Carson, R. T., Day, B., et al., 2002, Economic Valuation with Stated Preference Techniques:A Manual, UK:Edward Elgar Publishing.
Chegut, A., Eichholtz, P. and Kok, N., 2014, "Supply, Demand and the Value of Green Buildings", Urban Studies., Vol.51, No.1.
Dastrup, S. R., Zivin, J. G., Costa, D. L. and Kahn, M. E., 2012, "Understanding the Solar Home Price Premium:Electricity Generation and ‘Green’ Social Status", European Economic Review, Vol.56, No.5.
Day, C., 2018, "Population and House Prices in the United Kingdom", Scottish Journal of Political Economy, Vol.65, No.2.
De Silva, D. G. and Pownall, R. A. J., 2014, "Going Green:Does it Depend on Education, Gender or Income?" Applied Economics, Vol.46, No.5.
Deng, Y. H. and Wu, J., 2014, "Economic Returns to Residential Green Building Investment:The Developers' Perspective", Regional Science and Urban Economics, Vol.47, No.1.
Eichholtz, P., Kok, N. and Quigley, J. M., 2010, "Doing Well by Doing Good? Green Office Buildings", American Economic Review, Vol.100, No.5.
Fuerst, F., McAllister, P. and Wyatt, P., 2015, "Does Energy Efficiency Matter to Home-buyers? An Investigation of EPC Ratings and Transaction Prices in England", Energy Economics, Vol.48.
Heinzle, S. L., Yip, A. B. Y. and Xing, M. L. Y., 2013, "The Influence of Green Building Certification Schemes on Real Estate Investor Behavior:Evidence from Singapore", Urban Studies, Vol.50, No.10.
Kahn, M. E. and Kok, N., 2014, "The Capitalization of Green Labels in the California Housing Market", Regional Science and Urban Economics, Vol.47, No.1.
Rosen, S., 1974, "Hedonic Prices and Implicit Markets:Product Differentiation in Pure Competition", The Journal of Political Economy, Vol.82, No.1.
Wang, S.J., Wang, J. Y. and Yang, W., 2018, "Effect of Land Prices on the Spatial Differentiation of Housing Prices:Evidence from Cross-County Analyses in China", Journal of Geographical Sciences, Vol.28, No.6.
Zhang, L., Sun, C., Liu, H. Y and Zheng, S. Q., 2016, "The Role of Public Information in Increasing Homebuyers' Willingness-to-Pay for Green Housing:Evidence from Beijing", Ecological Economics, No.129.
Zhang, L., Wu, J. and Liu, H. Y, 2018, "Turning Green into Gold:A Review on the Economics of Green Buildings", Journal of Cleaner Production, No.172.
文章导航

/