Status Poles and Status Zoning to Model Residential Land Prices: Status-Quality Trade off Theory (Short Paper)

Le, Thuy Phuong; Comber, Alexis; Tran, Binh Quoc; Hoang, Phe Huu; Man, Huy Quang; Nguyen, Linh Xuan; Le Pham, Tuan; Bui, Tu Ngoc

doi:10.4230/LIPIcs.GIScience.2023.46

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Document Identifiers

DOI: 10.4230/LIPIcs.GIScience.2023.46
URN: urn:nbn:de:0030-drops-189415

Author Details

Thuy Phuong Le

VNU University of Science, Hanoi, Vietnam

Alexis Comber

School of Geography, University of Leeds, UK

Binh Quoc Tran

VNU University of Science, Hanoi, Vietnam

Phe Huu Hoang

R & D Consultants, Hanoi, Vietnam

Huy Quang Man

VNU University of Science, Hanoi, Vietnam

Linh Xuan Nguyen

VNU University of Science, Hanoi, Vietnam

Tuan Le Pham

VNU University of Science, Hanoi, Vietnam

Tu Ngoc Bui

VNU University of Science, Hanoi, Vietnam

Cite AsGet BibTex

Thuy Phuong Le, Alexis Comber, Binh Quoc Tran, Phe Huu Hoang, Huy Quang Man, Linh Xuan Nguyen, Tuan Le Pham, and Tu Ngoc Bui. Status Poles and Status Zoning to Model Residential Land Prices: Status-Quality Trade off Theory (Short Paper). In 12th International Conference on Geographic Information Science (GIScience 2023). Leibniz International Proceedings in Informatics (LIPIcs), Volume 277, pp. 46:1-46:6, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2023)
https://doi.org/10.4230/LIPIcs.GIScience.2023.46

Abstract

This study describes an approach for augmenting urban residential preference and hedonic house price models by incorporating Status-Quality Trade Off theory (SQTO). SQTO seeks explain the dynamic of urban structure using a multipolar, in which the location and strength of poles is driven by notions of residential status and dwelling quality. This paper presents in outline an approach for identifying status poles and for quantifying their effect on land and residential property prices. The results show how the incorporation of SQTO results in an enhanced understanding of variations in land / property process with increased spatial nuance. A number of future research areas are identified related to the status pole weights and the development of status pole index.

Subject Classification

ACM Subject Classification

Information systems → Spatial-temporal systems
Applied computing → Economics

Keywords

spatial theory
house prices

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References

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