The Impacts of Mass Transit Improvements on Residential Land Development Values: Evidence from the Bangkok Metropolitan Region

Sutee Anantsuksomsri, Nij Tontisirin

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

This study examines the impacts of the new mass transit systems on the land values of residential development in the Bangkok Metropolitan Region, Thailand, using geographic information systems and spatial econometrics. The study finds that the proximity to mass transit stations spatially correlates with an increase in the prices of residential land. The benefits of the new mass transit stations, however, may not be equally distributed to the residents of Bangkok due to the lack of value-capture mechanisms such as a capital gains tax or a property tax. Policy implications regarding property taxation are also discussed.

Original languageEnglish
Pages (from-to)195-216
Number of pages22
JournalUrban Policy and Research
Volume33
Issue number2
DOIs
Publication statusPublished - 2015 Apr 3
Externally publishedYes

Keywords

  • Bangkok
  • GIS
  • land values
  • mass transit
  • Spatial analysis

ASJC Scopus subject areas

  • Urban Studies
  • Geography, Planning and Development

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