Analysis of housing price distribution in Changzhou

First, we determine the most densely populated urban areas and regions in the city according to the urban center place model.

Through the analysis of urban thermal map, we can quickly locate the central area of the city, the most densely populated place. Today’s Central Place Theory is essential to studying the location of retail in urban areas today. Often, small hamlets in rural areas do act as the central place for various small settlements because they are where people travel to buy their everyday goods.

However, when they need to buy higher-value goods such as cars and computers, consumers who live in hamlets or villages have to travel into the larger town or city, which serves not only their small settlement but those around them as well.

In this case, we need to take Schelling’s model into consideration and consider various factors comprehensively.

According to the distribution of commercial plots in downtown Changzhou, we can clearly see that the developed transportation and commerce in the city center make the price of plots in the central area stay high. Meanwhile, the housing price in the central area as the core decreases with the expansion of distance. Meanwhile, the city adopts the multi-center mode, adding different commercial centers in different regions to shorten the distance between people in different parts of the city to the commercial center. Creating several areas of high housing prices.

At the same time, transportation factors are integrated into the model. In recent years, the Changzhou government has built new subways. With the continuous development and improvement of subway lines, the surrounding land prices have also changed. However, unlike most cases, the development and construction of the subway did not bring a huge leap in the housing price along the line, playing a negligible role.

Changzhou Metro Line 1 and Line 2 were officially opened in September 2019 and June 2021 respectively. The two lines transfer at the Cultural Palace Station, forming a “cross” pattern of rail transit network. In this batch of stations, we screened some representative sections for inventory, to see whether the housing price along the line really changed before and after the opening of the subway.

Note: The selection criteria are mainly the first station, the last station, the remote section and other subway plates, such as the superior location or the subway plate with the aura of school district will not be considered.

In fact, it is not difficult to find that, except for a few residential areas, the unit price of the buildings along the subway Line 1 shows a rising trend before and after the opening of 3 years, while the price of the buildings along the subway Line 2 almost falls after the opening of 1 year.

This just shows that the use of subway lines for Changzhou housing prices is not a big influence, the second-hand housing community is still affected by the large market price fluctuations.

Such as Line 2, the listing price after the opening of 1 year shows a downward trend, in fact, more because Changzhou second-hand housing market overall listing price is gradually returning to rationality.

Therefore, the impact of subway on housing prices is not as great as in other areas. The overall housing price in Changzhou is still influenced by the comprehensive impact of education, medical care, business and some transportation, which is different from many areas.