Authors | Location | Rail type | Measure of property value | Findings |
---|---|---|---|---|
Cervero and Duncan [22] | Santa Clara County, USA | LRT and commuter rail | Hedonic price | LRT station contributes to the increase of commercial land values on average by more than US$ 4 |
Kim and Zhang [16] | Seoul, Korea | MRT | Hedonic price | The transit station located near CBD has a premium of US$7.54/meter |
Mohammad, Graham, & Melo [17] | Dubai, UAE | MRT | Hedonic price and difference – in – difference (DID) | The impact of metro on the value of commercials within 701 to 900 m is 76% |
Zhang and Xu [23] | Wuhan, China | MRT | Hedonic price | Commercial property gained the highest value compared to other types of properties concentrate of 300Â m from transit station about 14.7% |
Seo, Salon, Kuby, & Golub [14] | Arizona, USA | LRT | Hedonic price | Light rail stations have a positive impact on commercial property values |