Visualization of spatial distribution and temporal change of land prices for residential use in tokyo 23 wards using spatio-temporal kriging

Ryo Inoue, Naoyuki Kigoshi, Eihan Shimizu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

4 Citations (Scopus)

Abstract

It has been pointed out that the disclosure of the detailed land price data is significant in improving transparency in the real estate market. Although the officially published land prices had played a major role in price making in Japan, and transaction prices will do the same in the future, they do not provide enough information for all market participants. Thus, it is necessary to estimate the land prices of interested land lots using the observed land price data, which is distributed spatially and temporally. In this study, we focus on the recently proposed spatio-temporal stationary covariance function, which models the correlation through space and time. We empirically analyze the applicability of the spatio-temporal covariance function with universal kriging to land price estimation by using the officially published residential land prices in Tokyo 23 wards, and visually illustrate the land price distribution and its change in Tokyo in 30 years.

Original languageEnglish
Title of host publicationProceedings of 10th International Conference on Computers in Urban Planning and Urban Management, CUPUM 2007
PublisherUtrecht University
Pages1-11
Number of pages11
ISBN (Print)9788585205775
Publication statusPublished - 2007 Jan 1
Externally publishedYes
Event10th International Conference on Computers in Urban Planning and Urban Management, CUPUM 2007 - Iguassu Falls, PR, Brazil
Duration: 2007 Jul 112007 Jul 13

Other

Other10th International Conference on Computers in Urban Planning and Urban Management, CUPUM 2007
CountryBrazil
CityIguassu Falls, PR
Period07/7/1107/7/13

Keywords

  • Land price
  • Spatio-temporal stationary covariance function
  • Universal kriging
  • Visualization

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Development
  • Geography, Planning and Development
  • Urban Studies

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  • Cite this

    Inoue, R., Kigoshi, N., & Shimizu, E. (2007). Visualization of spatial distribution and temporal change of land prices for residential use in tokyo 23 wards using spatio-temporal kriging. In Proceedings of 10th International Conference on Computers in Urban Planning and Urban Management, CUPUM 2007 (pp. 1-11). Utrecht University.