Economic Valuation of Bukit Kiara Federal Park using the Hedonic Pricing Approach

Open Access

Issue		BIO Web Conf. Volume 131, 2024 6^th International Conference on Tropical Resources and Sustainable Sciences (CTReSS 6.0)


Article Number		02005
Number of page(s)		11
Section		Environmental Economics
DOI		https://doi.org/10.1051/bioconf/202413102005
Published online		15 October 2024

D. Kalfas, F. Chatzitheodoridis, E. Loizou, K. Melfou, Willingness to Pay for Urban and Suburban Green Sustainability, Sustain. 14, 2332 (2022). https://doi.org/10.3390/su14042332 [CrossRef] [Google Scholar]
N. S. A. Samad, S. F. Muhamad, A. H. A. Rahman, C. Sulaiman, N. Othman, N. F. Shaari, Mobile Commerce Application Moving Towards Sustainability, IOP Conf. Ser. Earth Environ. Sci. 1102, 1 (2022). https://doi.org/10.1088/1755-1315/1102/1/012032 [Google Scholar]
K. D. Kanniah, Quantifying green cover change for sustainable urban planning: A case of Kuala Lumpur, Malaysia, Urban Fore. Urban Green. 27, 287 (2017). https://doi.org/10.1016/j.ufug.2017.08.016 [CrossRef] [Google Scholar]
J. Abu Kasim, M. D. Mohd Yusof, H. Z. Mohd Shafri, Monitoring urban green space (UGS) changes by using high resolution aerial imagery: A case study of Kuala Lumpur, Malaysia. Pertanika J. Sci. Technol. 27, 1971-1990. (2019) [Google Scholar]
M. J. M. Yusof, H. Z. M. Shafri, J. A. Kasim, The many benefits of urban green spaces. CSID Journal of Infrastructure Development, 2, 103-116 (2019). https://doi.org/10.32783/csid-jid.v2i1.47 [CrossRef] [Google Scholar]
S. Yeo, O. Thian, M. Yusof, M. Johari, S. Maruthaveeran, K. Saito, J. A. Kasim, A Review of Policies and Regulations of Green Infrastructure Establishment in Kuala Lumpur, Malaysia. Pertanika J. Soc. Sci. Humanit. 31 (2023). https://doi.org/10.47836/pjssh.31.2.06 [Google Scholar]
P. Czembrowski, E. Laszkiewicz, J. Kronenberg, G. Engström, E. Andersson, Valuing individual characteristics and the multifunctionality of urban green spaces: The integration of sociotope mapping and hedonic pricin. PLoS ONE 14 (2019). https://doi.org/10.1371/journal.pone.0212277 [Google Scholar]
K. L. Wolf, Metro nature: its functions, benefits, and values. Growing greener cities: Urban sustainability in the twenty-first century (University of Pennsylvania Press, 2008) [Google Scholar]
M. J. Jun, Quantifying welfare loss due to longer commute times in Seoul: A two-stage hedonic price approach. Cities 84 (2019). https://doi.org/10.1016/j.cities.2018.07.007 [Google Scholar]
T. Hussain, J. Abbas, Z. Wei, S. Ahmad, B. Xuehao, Z. Gaoli, Impact of urban village disamenity on neighbouring residential properties: empirical evidence from Nanjing through hedonic pricing model appraisal. J. Urban Plan. Dev. 147 (2021). https://doi.org/10.1061/(ASCE)UP.1943-5444.0000645 [CrossRef] [Google Scholar]
J. Kim, S. Yoon, E. Yang, B. Thapa, Valuing recreational beaches: A spatial hedonic pricing approach. Coastal Mgt. 48 (2020). https://doi.org/10.1080/08920753.2020.1732799 [Google Scholar]
Z. Mo, An em pirical evaluation of OLS hedonic pricing regression on Singapore private housing market, Master Thesis, Royal Institute of Technology, Swedan, 2014. [Google Scholar]
Y. Xiao, Urban Morphology and Housing Market, PhD Thesis, Cardiff University, United Kingdom, 2012. [Google Scholar]
N. S. A. Samad, A. S. Abdul-Rahim, M. J. Mohd Yusof, K. Tanaka, Assessing the economic value of urban green spaces in Kuala Lumpur, Environ. Sci. Pollut. Res. 27 (2020). https://doi.org/10.1007/s11356-019-07593-7 [Google Scholar]
R. N. Belcher, R. A. Chisholm, Tropical vegetation and residential property value: A hedonic pricing analysis in Singapore, Ecological economics 149 (2018). https://doi.org/10.1016/j.ecolecon.2018.03.012 [CrossRef] [Google Scholar]
D. E. Clark, W. E. Herrin, The impact of public school attributes on home sale prices in California, Growth & Change 31 (2000). https://doi.org/10.1111/0017-4815.00134 [Google Scholar]
J.F. Kain, J.M. Quigley, Housing market discrimination, home-ownership, and savings behavior. The American Economic Review, 62, 263-277 (1972) [Google Scholar]
M. M. Li, H. J. Brown, Micro-neighborhood externalities and hedonic housing prices, Land Economics 56 (1980). https://doi.org/10.2307/3145857 [Google Scholar]
S. N. Lieske, R. V. D. Nouwelant, J. H. Han, C. Pettit, A novel hedonic price modelling approach for estimating the impact of transportation infrastructure on property prices. Urban studies 58 (2021). https://doi.org/10.1177/0042098019879382 [Google Scholar]
H. Wen, Y. Xiao, L. Zhang, School district, education quality, and housing price: Evidence from a natural experiment in Hangzhou, China. Cities 66 (2017). https://doi.org/10.1016/j.cities.2017.03.008 [Google Scholar]
I. Idris, M. E. Hoque, P. Susanto, Willingness to pay for the preservation of urban green space in Indonesia. Cogent Econ. Finance 10 (2022). https://doi.org/10.1080/23322039.2021.2008588 [CrossRef] [Google Scholar]
T. Potrawa, A. Tetereva, How much is the view from the window worth? Machine learning-driven hedonic pricing model of the real estate market. J. Bus. Rese. 144 (2022). https://doi.org/10.1016/j.jbusres.2022.01.027 [Google Scholar]
M. Manso, I. Teotonio, C. M. Silva, C. O. Cruz, Green roof and green wall benefits and costs: A review of the quantitative evidence. Renew. Sustain. Energy Rev. 135 (2021). https://doi.org/10.1016/j.rser.2020.110111 [CrossRef] [Google Scholar]
F. Ugolini, L. Massetti, P. Calaza-Martínez, P. Carinanos, C. Dobbs, S. K. Ostoic, A. M. Marin, D. Pearlmutter, …., G. Sanesi, Effects of the COVID-19 pandemic on the use and perceptions of urban green space: An international exploratory study. Urban For. Urban Green 56 (2020). https://doi.org/10.1016/j.ufug.2020.126888 [CrossRef] [Google Scholar]
V. Jennings, O. Bamkole, The relationship between social cohesion and urban green space: An avenue for health promotion. Int. J. Environ. Res. Public Health 16 (2019). https://doi.org/10.3390/ijerph16030452 [CrossRef] [Google Scholar]
M. Hedblom, B. Gunnarsson, B. Iravani, I. Knez, M. Schaefer, P. Thorsson, J. N. Lundstrom, Reduction of physiological stress by urban green space in a multisensory virtual experiment. Scientific Reports 9 (2019). https://doi.org/10.1038/s41598-019-46099-7 [CrossRef] [Google Scholar]
H. Ahmad, H. Halim, Determining Sample Size for Research Activities: The Case of Organizational Research, Selangor Bus. Review 2 (2017) [Google Scholar]
C. L. Chuan, & J. Penyelidikan, Sample size estimation using Krejcie and Morgan and Cohen statistical power analysis: A comparison. Jurnal Penyelidikan IPBL, 7, 1(2006). [Google Scholar]
K.M. Collins, K. M. Sampling Decisions in Educational Research, (The BERA/SAGE Handbook of Educational Research, 2016) [Google Scholar]
F. Kong, H. Yin, & N. Nakagoshi, Using GIS and landscape metrics in the hedonic price modeling of the amenity value of urban green space: A case study in Jinan City, China. Landsc. Urban Plan 79, 3-4 (2007). https://doi.org/10.1016/j.landurbplan.2006.02.013 [Google Scholar]
S. Chatma, Non-market valuation of beach quality: Using spatial hedonic price modeling in Hilton Head Island, Mar. Policy 115 (2020). https://doi.org/10.1016/j.marpol.2020.103866 [Google Scholar]

Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.

Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.

Initial download of the metrics may take a while.