Apply GIS, Fuzzy Theory and AHP to Determine Land Value for Land Valuation: A Case Study of Dong Anh District, Hanoi
Main Article Content
Abstract
The land valuation process is an integrated assessment of land price determinants that help managers formulate land-use policies, taxes, and the real estate market. In this study, ten factors affecting land value are selected and divided into 03 groups of factors, including i) Accessibility; ii) Environment; and iii) Socio-culture. The study then determined the weights of the elements by AHP and performed the spatial analysis by GIS, Fuzzy, to determine land value. The results reflect the distribution of land value zones in the Dong Anh district and show a strong correlation with the actual land prices traded in the market. This land value information is assigned to the land parcels to support automated valuation models and urban planning. This study can be implemented in other areas or on a larger scale.
Keywords:
Land value, land valuation, analytic hierarchy process, Fuzzy theory, Dong Anh district.
References
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Rome, 2003.
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[16] S. Malaitham, F. Atsushi, V. Varameth,
W. Vasinee, Hedonic Pricing Model of Assessed and Market Land Values: A Case Study in Bangkok Metropolitan Area, Thailand, Case Studies on Transport Policy, Vol. 8, No. 1, 2018, pp. 153-163, doi: 10.1016/j.cstp.2018.09.008.
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https://doi.org/ 10.1155/2016/1478413.
[21] S. Anantsuksomsri, T. Nij, The Impacts of Mass Transit Improvements on Residential Land Development Values: Evidence from the Bangkok Metropolitan Region, Urban Policy and Research, Vol. 33, No. 2, 2015, pp. 195-216, https://doi.org/10.1080/08111146.2014.982791.
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[23] T. R. Hammer, E. C. Robert, T. H. Edward, The Effect of a Large Urban Park on Real Estate Value, Journal of the American Institute of Planners,
Vol. 40, No. 4, 1974, pp. 274-277,
https://doi.org/ 10.1080/01944367408977479.
[24] K. H. Soo, L. G. Eun, L. J. Song, C. Yeol, Understanding the Local Impact of Urban Park Plans and Park Typology on Housing Price: A Case Study of the Busan Metropolitan Region, Korea, Landscape and Urban Planning, Vol. 184, 2018, pp. 1-11, https://doi.org/10.1016/j.landurbplan.2018.12.007.
[25] H. Nakamura, Relationship Among Land Price, Entrepreneurship, the Environment, Economics, and Social Factors in the Value Assessment of Japanese Cities, Journal of Cleaner Production, Vol. 217, 2019, pp. 144-152,
https://doi.org/ 10.1016/j.jclepro.2019.01.201.
[26] K. Nico, M. Rolf, Impact of Simulation-Based Traffic Noise on Rent Prices, Transportation Research Part D: Transport and Environment,
Vol. 78, 2019, pp. 102-191, https://doi.org/10.1016/j.trd.2019.11.020.
[27] H. T. L. Tra, N. V. Quan, Land Valuation, Agricultural Publish House, Hanoi, 2006
(in Vietnamese).
[28] W. K. Jaeger, J. P. Andrew, G. Cyrus, How Has Oregon's Land Use Planning System Affected Property Values?, Land Use Policy, Vol. 29, No. 1, 2012, pp. 62-72, https://doi.org/10.1016/j.landusepol.2011.05.005.
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[31] L. A. Zadeh, Fuzzy Sets, Information and Control, Vol. 8, No. 3, 1965, pp. 338-353, https://doi.org/10.1016/S0019-9958(65)90241-X.
[32] S. Onut, R. T. Umut, T. Erçin, Selecting Container Port via A Fuzzy ANP-Based Approach: A Case Study in The Marmara Region, Turkey, Transport Policy, Vol. 18, No. 1, 2011, pp. 182-193, https://doi.org/10.1016/j.tranpol.2010.08.001.
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[36] V. S. C. Helen, T. M. Margarita, J. T. C. James,
A. Isabelle, Determining the Health Benefits of Green Space: Does Gentrification Matter?, Health & Place, Vol. 57, 2019, pp. 1-11, https://doi.org/10.1016/j.healthplace.2019.02.001.
[37] D. Q. Cuong, T. Q. Binh, Application of Exploratory Factor Analysis (EFA) and Analytic Hierarchy Process (AHP) in Valuation of Urban Residential Land in Quoc Oai Town, Quoc Oai District, Hanoi City, VNU Journal of Science: Earth and Environmental Sciences, Vol. 36, No. 2, 2020, pp. 45-57, https://doi.org/10.25073/2588-1094/vnuees.4521 (in Vietnamese).