Does Accessibility to the Central Business District (CBD) Have an Impact on High-Rise Condominium Price Gradient in Kuala Lumpur, Malaysia?

  • Dziauddin M
  • Misran M
N/ACitations
Citations of this article
8Readers
Mendeley users who have this article in their library.

Abstract

This paper uses a spatial econometric method known as Geographically Weighted Regression (GWR) to investigate the impact of accessibility to the CBD on the high-rise condominium price gradient in Kuala Lumpur, Malaysia. Using a GWR method, after having controlled other factors, this study clearly reveal the impact of accessibility to the CBD on high-rise condominium varying prices across the study area, having a much larger positive impact in some areas but less and counterintuitive impact in others. In general, the results from this study show accessibility to the CBD measured by the travel times does affect high-rise condominium prices (high-rise condominium prices decrease as travel times to the CBD increase) in most part of the areas, hence proved Alonso, Muth and Mills were still right.

Cite

CITATION STYLE

APA

Dziauddin, M. F., & Misran, M. (2016). Does Accessibility to the Central Business District (CBD) Have an Impact on High-Rise Condominium Price Gradient in Kuala Lumpur, Malaysia? SHS Web of Conferences, 23, 02004. https://doi.org/10.1051/shsconf/20162302004

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free