Spatial Segmentation of Urban Housing Market and Its Formation Interpretation:A Case Study of Xiamen City
Received date: 2009-04-18
Revised date: 2009-10-18
Online published: 2010-04-25
Supported by
National Natural Science Foundation of China, No.50978188
This paper establishes a research hypothesis on the basis of submarket theory.Principle Factor Analysis and Cluster Analysis are employed to detect the characteristic of urban housing market.A comparison was made between tenure oriented submarket model and cluster analysis submarket model.Then the Multi-Hedonic-Regression is adopted to test the significance of the submarket models.The character price functions and the distribution density of submarket samples are employed to analyze the spatial characteristic of housing market.The result shows that Xiamen city can be clustered into 4 sub-markets which display a hierarchical sequence across the city scope with inner and outer areas highly segmented.It is indicated that multi-tenure housing composition,imbalanced housing land expansion and inelastic planning control all contribute to the spatial segmentation.Furthermore,the author points out that housing policy procedure should take account of the spatial segmentation issues.
PENG Minxue . Spatial Segmentation of Urban Housing Market and Its Formation Interpretation:A Case Study of Xiamen City[J]. Acta Geographica Sinica, 2010 , 65(4) : 465 -475 . DOI: 10.11821/xb201004008
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