标题：An improved spatial error model for the mass appraisal of commercial real estate based on spatial analysis: Shenzhen as a case study作者：Zhang, Ran; Du, Qingyun; Geng, Jijin; Liu, Biao; Huang, Yikun

来源出版物：HABITAT INTERNATIONAL 卷：46 页：196-205 DOI：10.1016/j.habitatint.2014.12.001 出版年：APR 2015

摘要：Due to the rapid urbanization in China, the government must explore a new sustainable source of fiscal revenue. Therefore, property tax reform has been the topic of active discussion. As an important technical support for property tax reform, mass appraisal is an effective technique for implementing the tax base assessment. To achieve high precision and reduce the cost of valuation, an innovative framework for commercial real estate appraisal is proposed through the introduction of a spatial error model (SEM), fuzzy mathematics and econometrics. Several modifications are made to the conventional SEM so that it can be extended to the solution of commercial property mass appraisals. The fuzzy mathematics approach is adopted to specify the spatial weight matrix (SWM). Additionally, based on econometrics, the impacts of the entity and locatio on factors on commercial real estate prices are discussed. The proposed method is then implemented for commercial real estate, based on the empirical analysis of Shenzhen. Experiments demonstrate the accuracy of the assessment results and that the consistency among different appraisal objects is improved. Further, through the introduction of fuzzy mathematics, we extend the SWM construction from a single variable to multi-variables. This advantage allows us to increase the usage of our technique and to provide technical support for the undergoing property tax reform in the Chinese real estate market.

入藏号：WOS:000350930400021

文献类型：Article

语种：English

作者关键词：Mass appraisal, Spatial analysis, Spatial error model, Fuzzy mathematics

扩展关键词：HOUSE PRICES; URBAN CHINA; TAXATION; MARKET; GIS

通讯作者地址：Du, Qingyun; Wuhan Univ, Sch Resource & Environm Sci, Wuhan 430079, Peoples R China.

电子邮件地址：zhangran_789@l63.com; qydu@whu.edu.cn; gengjj@gmail.com; liubiao0726@gmail.com; huangyikun@21cn.com

地址：

[Zhang, Ran; Du, Qingyun] Wuhan Univ, Sch Resource & Environm Sci, Wuhan 430079, Peoples R China.

[Geng, Jijin; Liu, Biao; Huang, Yikun] Ctr Assessment & Dev Real Estate, Shenzhen 518000, Peoples R China.

[Du, Qingyun]Wuhan Univ, Key Lab Geog Informat Syst, Minist Educ, Wuhan 430079, Peoples R China.

[Liu, Biao] Chinese Univ Hong Kong, Geoinformat Sci, Hong Kong, Hong Kong, Peoples R China.

[Huang, Yikun] Univ Hong Kong, Real Estate & Construct, Hong Kong, Hong Kong, Peoples R China.

研究方向：Environmental Sciences & Ecology; Public Administration; Urban Studies

ISSN：0197-3975

eISSN:1873-5428