Quantitative analysis of the impact of sponge city construction on housing prices with Suining city in Sichuan Province as an example

SHEN Yang; XU Yuanxin; WU Jing

doi:10.16511/j.cnki.qhdxxb.2021.22.005

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Journal of Tsinghua University(Science and Technology) ›› 2021, Vol. 61 ›› Issue (6) : 573-581. DOI: 10.16511/j.cnki.qhdxxb.2021.22.005

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Quantitative analysis of the impact of sponge city construction on housing prices with Suining city in Sichuan Province as an example

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Abstract

The sponge city method is a new concept that has been vigorously advocated in recent years in China's urban construction and renewal. This method improves the construction ecology, reduces urban flood risks and promotes water recycling. Thus, sponge city construction improves the living environment and enhances people's willingness to pay for housing. This study analyzes Suining city in Sichuan Province as an example to study the impact of sponge city construction on the housing market price. The analysis shows that sponge city construction increases the average community housing price per year by 385.2 Yuan/m² (or 5.48%) with the pricing premium appearing from the rainy season in Suining. The sponge city construction increases the local economic benefit of Suining by 3.985 billion Yuan from housing price premium. The overall benefit is 6.302 billion Yuan considering all the contributions, which exceeds the construction cost.

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sponge city / cost benefit analysis / housing price premium

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SHEN Yang, XU Yuanxin, WU Jing. Quantitative analysis of the impact of sponge city construction on housing prices with Suining city in Sichuan Province as an example[J]. Journal of Tsinghua University(Science and Technology). 2021, 61(6): 573-581 https://doi.org/10.16511/j.cnki.qhdxxb.2021.22.005

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