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- W4206653990 abstract "This study aims to find the factors influencing prices of luxurious condominiums within 1-km radius of urban rail transit stations in Bangkok CBD, where the property value rapidly increases since last decade. According to recorded data, the average price of condominiums in CBD is higher, nearly 28% during 2016-2019. Besides, the growth of luxurious condominium in these areas grows higher sharply. 52% of new condominiums are above Luxury class while housing affordability of Bangkok’s largest population is too low. Also, urban policy cannot control the unpredictable price of condominiums in CBD. As a tool for urban planners, post-windfall gain tax would be collected from real estate developers who get uplift property values as result of public infrastructure planning. It would be used to fund infrastructure such as transit, affordable housing. This paper can recommend urban policy planners which factors influencing unpredictable price of luxurious condominium in CBD should be considered in condition of windfall profit taxation. In addition, results suggest developers to set more reasonable price of new luxurious condominiums near rail station in CBD. In this study, 55 luxurious condominiums constructed within 5 years are research samples. Hedonic approach is applied to study the effects of location, structural and neighborhood attributes of luxurious condominium price in Bangkok CBD. Results are shown 6 key attributes; the number of units, percentage of car parking space/unit, locating private recreation park within project area, rate of common area fee, location of building in street corner and distance to expressway are interrelated to luxurious condominium price near urban rail transit stations in Bangkok CBD." @default.
- W4206653990 created "2022-01-25" @default.
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- W4206653990 date "2022-01-15" @default.
- W4206653990 modified "2023-10-15" @default.
- W4206653990 title "Determinants of Luxurious Condominium Prices in Bangkok CBD: A Case study of Encouraging Housing Affordability in Bangkok, Thailand" @default.
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- W4206653990 doi "https://doi.org/10.14246/irspsd.10.1_167" @default.
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