A multilevel model based hedonic analysis of 3D visibility: An empirical case study of Yokohama Baycity

Yoshiki Yamagata, Daisuke Murakami, Hajime Seya, Morito Tsutsumi

Research output: Contribution to conferencePaperpeer-review

2 Citations (Scopus)

Abstract

This study empirically tests whether or not "visibility" is capitalized into condominium prices using hedonic approach in Yokohama city, Japan. Because of the problems in data availability and technical constraint, eco-nomic value of visibility in urban area is not significantly discussed until recently and therefore it is still unclear. In addition to the value of good-ness of visibility (open view), this paper examines the value of green view (visibility of green spaces) and ocean view (visibility of ocean). The first, land cover of individual building and green spaces are derived by classify-ing spatially fine aerial photo (0.5m), then visibility from each floor in each condominium is analyzed using viewshed analysis. The hedonic analysis is conducted with a multilevel model, which considers the hierar-chical structure (room/building) of a condominium. The result suggests that the green view does not have statistically significant effect, while ocean view has significant effect in our test site city Yohokama which face the Tokyo bay.

Original languageEnglish
Pages1-17
Number of pages17
Publication statusPublished - 2013
Externally publishedYes
Event13th International Conference on Computers in Urban Planning and Urban Management, CUMPUM 2013 - Utrecht, Netherlands
Duration: 2013 Jul 22013 Jul 5

Conference

Conference13th International Conference on Computers in Urban Planning and Urban Management, CUMPUM 2013
Country/TerritoryNetherlands
CityUtrecht
Period13/7/213/7/5

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Ecology
  • Environmental Engineering
  • Geography, Planning and Development
  • Urban Studies

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