Value of urban views in a bay city Hedonic analysis with the spatial multilevel additive regression (SMAR) model.pdfVIP
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Value of urban views in a bay city Hedonic analysis with the spatial multilevel additive regression (SMAR) model.pdf
Landscape and Urban Planning 151 (2016) 89–102
Contents lists available at ScienceDirect
Landscape and Urban Planning
journal homepage: /locate/landurbplan
Value of urban views in a bay city: Hedonic analysis with the spatial multilevel additive regression (SMAR) model
Yoshiki Yamagata a,?, Daisuke Murakami a, Takahiro Yoshida a, Hajime Seya b, Sho Kuroda a
a Center for Global Environmental Research, National Institute for Environmental Studies, 16-2, Onogawa, Tsukuba, Ibaraki Pref. 305-8506, Japan b Graduate School for International Development and Cooperation, Hiroshima University, 1-5-1, Kagamiyama, Higashi-hiroshima, Hiroshima Pref. 739-8529, Japan
highlights
? Non-linear effects of open view, ocean view, and green view, are estimated. ? The spatial multilevel additive model is applied for a hedonic analysis. ? Not only poor green view, but also excessive green view has a negative impact. ? How to evaluate 3D view to trees with remotely sensed data is demonstrated.
article info
Article history: Received 23 January 2015 Received in revised form 15 February 2016 Accepted 17 February 2016 Available online 20 April 2016
Keywords: View Viewshed analysis Hedonic analysis Spatial multilevel additive model LiDAR data
abstract
This paper attempts to assess the value of urban views in a bay city (Yokohama), Japan. Firstly, three types of views, open view (goodness of visibility), green view (visibility of open space), and ocean view (visibility of ocean), were quanti?ed employing the viewshed analysis implemented on the GIS with airborne LiDAR data and 0.5 m × 0.5 m high resolution aerial photos. Secondly, hedonic analyses were conducted to test the capitalization of value of those views into condominium prices using the spatial multilevel additive regression (SMAR) model, where possible non-linearity, multilevel structure of condominiums (unitbuilding), and spatial dependence were considered. This study implies that “very nice” open view (in terms of the amount of visibi
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