Determinants of Housing Prices in Hong Kong: A Box-Cox Quantile Regression Approach

摘要: This paper analyzes the determinants of housing prices in Hong Kong by using property transaction data condominium units from Taikoo Shing, one largest real estate properties Kong. We use a hedonic pricing model for empirical analysis and estimate Box-Cox quantile regression method. The results show that this method provides more comprehensive description price determinants. Housing characteristics have nonlinear relationship, relationship varies across all quantiles. In addition, response to various For example, an increase size gross floor area is valued at higher Other variables differential effects on distribution prices. also perform simple simulation predictability our outperforms other models which been frequently used previous studies.