The Impact of the 2008 Olympic Games on Residential Property Prices in Wangjing, Beijing
16 Pages Posted: 31 Oct 2009
Date Written: October 30, 2009
The purpose of this case is to provide a setting to analyze the impact of major events (e.g., the Olympic Games) on property prices. By focusing on the Wangjing area in Beijing, the impact of the 2008 Olympic Games on Beijing’s residential property market can be analyzed using transaction data between 1997 and 2008. Students will also have the opportunity to apply hedonic price modeling method in the condominium market in China. The case is useful in a real estate valuation course, a real estate investment course, or an urban economics course.
Keywords: Hedonic price modelling, House Prices, Mage Events, Olympic Games
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