GEOGRAPHICAL RESEARCH ›› 2016, Vol. 35 ›› Issue (11): 2091-2104.doi: 10.11821/dlyj201611007

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Impact of rail transit on urban spatial structure in Shenzhen: Analysis based on land parcel price and FAR gradients

Xiaohui LE(), Junxian CHEN, Jiawen YANG()   

  1. School of Urban Planning and Design, Peking University Shenzhen Graduate School, Shenzhen 518055, Guangdong, China
  • Received:2016-04-09 Revised:2016-08-10 Online:2016-11-25 Published:2016-11-24

Abstract:

High capacity transit system offers a solution to traffic problems and shapes the city structure at the same time. A great number of articles have examined the close relationship between rail transit and urban structure. Our study attempts to enrich the existing literature by providing empirical evidences of how the metro system in Shenzhen has helped to change urban structure. We use data of land transaction from 2000 to 2014, which includes information on price, parcel location, land use type and transaction mode. We calculate distances from each parcel to its nearest metro station, nearest hub station, and the city center. We also divide all land parcels into three groups according to its temporal relationship with the planning and operation of its closest metro station. When analyzing the data, we firstly plot land price and FAR in relation to the three distance variables to see how they vary spatially. We then use spatial regression models to test whether land price and FAR are significantly affected by the distance to stations. We find that price and FAR of parcels transacted before metro plan announcement shows weak or even no station-orientation. However, price and FAR gradients appear after metro plan announcement and metro operation, which result from relatively fast price increase at station proximity. It is shown that land price and FAR's rising within 1 km are greater than the ones within 2 km. In addition, we find that metro investment has a greater impact on land price in relatively underdeveloped outer part of Shenzhen than that in the inner part by dividing all land parcels into two groups. Metro stations in the outer part then become a series of new economic growth points. Shenzhen is a city of multiple centers. The station-oriented development could further move the city into a fine tuned multi-center structure.

Key words: rail transit, gradient, spatial structure, land transaction, Shenzhen