Quantifying factors affecting the price of new urban residential land in Binh Tri Thien Region

Abstract

This paper presents the results of the study aiming to quantify factors affecting urban land prices in Binh Tri Thien region. The primary and secondary data collection methods were used to collect data for the study. Descriptive statistical analysis methods and Hedonic regression were applied to quantify the factors affecting urban land prices. Research results show that there are 10 factors affecting urban land prices. Specifically, 6 factors increasing urban land prices include factors reflecting the quality of urban land products, legal factors, land location and environmental factors. Four factors decreasing urban land prices include distance to urban center, plot depth, risk of flooding, and plot size. These research results are an important part in determining the land price framework and valuing urban land in the Binh Tri Thien area.