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<p>The paper aims to promote a model for determining residential land prices within a suburb of Hue city, Vietnam to improve the efficiency of land price determination and management. The study conducted surveys of 27 variables of 200 residential land plots in order to run the hedonic model using SPSS 26.0 software. The result developed a model that explained 78% of the change in land prices by incorporating five factors: area of land, width of road attached to the land plot, distance to hospital, ability to generate cash flow and planning information. Meanwhile, the writers also produced a map of residential land prices in the 2022 suburban areas of Hue city, Vietnam. This is a helpful tool in land market consulting and land valuation procedures.</p>
</abstract>

The paper aims to promote a model for determining residential land prices within a suburb of Hue city, Vietnam to improve the efficiency of land price determination and management. The study conducted surveys of 27 variables of 200 residential land plots in order to run the hedonic model using SPSS 26.0 software. The result developed a model that explained 78% of the change in land prices by incorporating five factors: area of land, width of road attached to the land plot, distance to hospital, ability to generate cash flow and planning information. Meanwhile, the writers also produced a map of residential land prices in the 2022 suburban areas of Hue city, Vietnam. This is a helpful tool in land market consulting and land valuation procedures.

Application of Hedonic Model to Determine Residential Land Valuation in Suburban Areas: The Case of Hue City, Vietnam

University of Agriculture and Forestry, Hue University

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution 4.0 International License.

The paper aims to promote a model for determining residential land prices within a suburb of Hue city, Vietnam to improve the efficiency of land price...

Application of Hedonic Model to Determine Residential Land Valuation in Suburban Areas: The Case of Hue City, Vietnam

Published Online: Apr 19, 2024

Page range: 70 - 79

Received: Oct 03, 2023

Accepted: Apr 05, 2024

DOI: https://doi.org/10.2478/remav-2024-0016

Keywords
hedonic, land price, residential land, suburb

© 2024 Le Huu Ngoc Thanh et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Application of Hedonic Model to Determine Residential Land Valuation in Suburban Areas: The Case of Hue City, Vietnam

Published Online: Apr 19, 2024

Page range: 70 - 79

Received: Oct 03, 2023

Accepted: Apr 05, 2024

DOI: https://doi.org/10.2478/remav-2024-0016

Keywordshedonic, land price, residential land, suburb

© 2024 Le Huu Ngoc Thanh et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
hedonic, land price, residential land, suburb