SHS Web of Conferences
Volume 23, 2016PSU-USM-NSTRU 2014 International Conference on Arts and Sciences 2014 “Arts and Sciences Research 2014: Spot of Change for Tomorrow”
|Number of page(s)||24|
|Section||Tourism, Economy and Sustainability|
|Published online||06 January 2016|
Does Accessibility to the Central Business District (CBD) Have an Impact on High-Rise Condominium Price Gradient in Kuala Lumpur, Malaysia?
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.
© Owned by the authors, published by EDP Sciences, 2016
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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