Impacts of transportation investment to property price in Ha Noi, Viet Nam

• Main Author: Nguyễn, Thị Thu Hà
• Other Authors: Kato, Hironori
• Format: Theses
• Language: English
• Published: 2020
• Subjects: Giao thông; Bất động sản; Cơ sở hạ tầng; 388
• Online Access: http://repository.vnu.edu.vn/handle/VNU_123/70341
• Institution: Vietnam National University, Hanoi

Viet Nam is a developing country which is similar to many developing countries are experiencing rapid growth. Along with these developments, there are many existed problems such as traffic congestion, water pollution, air pollution, green- house gas emissions, energy...etc. Transportation in Vietnam is improving rapidly both quantity and quality. Road traffic is growing fast but the major roads are dangerous and slow to travel on due to outdated design and an inappropriate traffic mix. Construction of expressways has accelerated. Air travel is also important for long distance travel in Viet Nam. Metro systems are under construction in the two metropolises of Vietnam, one in Hanoi and another in Ho Chi Minh City. Metro in Hanoi is a solution to solving traffic issues. However, it still has some financial problems according from financial analysis of this project. By estimating the change of office rental price, this research aims to analyze the impacts of Hanoi metro line 2A to property price in Hanoi by hedonic method. This study has found public transportation as bus frequency has positive significant impact to office rental price in Hanoi. But Hanoi metro line 2A has negative significant impact at the moment. There are several reasons. Such as, Hanoi metro line 2A has not operated yet at the moment, the noise has bad influenced and reputation of project has not influenced to surrounded property. Hanoi is the city which has high motorbike dependent, currently number of private car has been increased and bus system are the most choices to travel for people in Hanoi now. And large area, office building, office in Old Quarter (Central Business District) and high employment density have positive impacts to office rental price in Hanoi city, Vietnam.