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

9 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

Fingerprint

metropolitan region
evidence
Values
land value
property tax
residential development
econometrics
taxation
taxes
Thailand
information system
resident
lack
land development
tax
station

Keywords

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

ASJC Scopus subject areas

  • Urban Studies
  • Geography, Planning and Development

Cite this

The Impacts of Mass Transit Improvements on Residential Land Development Values : Evidence from the Bangkok Metropolitan Region. / Anantsuksomsri, Sutee; Tontisirin, Nij.

In: Urban Policy and Research, Vol. 33, No. 2, 03.04.2015, p. 195-216.

Research output: Contribution to journalArticle

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