{
 "record_id": "4412b66b7af7dc2e4784f04e96dda07a5d24ef90",
 "eligible": true,
 "exclusion_reason": null,
 "study": {
  "title": "Buyers' property asset purchase decisions: an empirical study on the high-end residential property market in Hong Kong",
  "year": 2016,
  "doi": "10.3846/1648715x.2015.1105322",
  "country": "Hong Kong",
  "region_city": "Hong Kong Island, Southern District (South Horizons, Chi Fu Fa Yuen and related estates)",
  "sample_start": 1992,
  "sample_end": 2011,
  "property_type": "condo_apartment",
  "price_type": "transaction",
  "data_source": "EPRC Limited Land Registry transaction records cross-checked with Centadata; 711 transactions (model 1) and 687 (model 2), Jan 1992-Nov 2011",
  "document_type": "journal",
  "estimators": [
   "OLS"
  ],
  "spatial_method": "none",
  "time_fe": false,
  "location_fe": false,
  "se_type": "unknown",
  "n_obs_total": 1398,
  "ai_methods": [],
  "notes": "Dependent variable = transacted price per square foot of saleable area (HK$, excluding flat roof area), deflated by the Rating and Valuation Department monthly residential price index (time effects removed by indexation instead of time dummies). Linear (level) specification: coefficients in HK$/sq ft. Table prints coefficient, t-statistic and p-value ('Sig.'). NOTE reversed star legend: * = significant at 1%, ** = at 5%. Model 1 (Table 3) tests duplex units, Model 2 (Table 5) adjoining flats; both high-end estates in the Southern District with no MTR station. Orient dummy direction not explicitly defined (expected negative, presumably West-facing)."
 },
 "models": [
  {
   "model_id": "T3-c1",
   "table": "3",
   "column": "1",
   "page": 11,
   "dep_var": "Price per square foot of saleable area (HK$, index-adjusted)",
   "dep_transform": "per_m2",
   "estimator": "OLS",
   "n_obs": 711,
   "r2": 0.745,
   "se_or_t_in_parentheses": "t",
   "sample_subset": "Model 1 (Duplex): South Horizons duplex and typical units, floors 15-19; adj. R2; F=231.95"
  },
  {
   "model_id": "T5-c1",
   "table": "5",
   "column": "1",
   "page": 12,
   "dep_var": "Price per square foot of saleable area (HK$, index-adjusted)",
   "dep_transform": "per_m2",
   "estimator": "OLS",
   "n_obs": 687,
   "r2": 0.81,
   "se_or_t_in_parentheses": "t",
   "sample_subset": "Model 2 (Adjoining flats): Chi Fu Fa Yuen top floors and comparable units; adj. R2; F=266.09"
  }
 ],
 "coefficients": [
  {
   "model_id": "T3-c1",
   "var_name_printed": "FlatSize",
   "taxonomy_id": "living_area",
   "x_transform": "level",
   "x_unit": "sqft",
   "beta": 3.229,
   "se": null,
   "t": 5.414,
   "p": 0.0,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 11,
   "confidence": "high",
   "notes": "Saleable area excluding flat roof (sq ft). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "FlatRoof",
   "taxonomy_id": "terrace_balcony",
   "x_transform": "level",
   "x_unit": "sqft",
   "beta": 4.056,
   "se": null,
   "t": 3.734,
   "p": 0.0,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 11,
   "confidence": "high",
   "notes": "Flat roof (private outdoor) area in sq ft. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "AGE",
   "taxonomy_id": "age",
   "x_transform": "level",
   "x_unit": "years",
   "beta": -45.506,
   "se": null,
   "t": -6.948,
   "p": 0.0,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 11,
   "confidence": "high",
   "notes": "Building age in years. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "Floor",
   "taxonomy_id": "floor_level",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 187.311,
   "se": null,
   "t": 2.843,
   "p": 0.005,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 11,
   "confidence": "high",
   "notes": "Floor level of the unit. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "Orient",
   "taxonomy_id": "sunlight",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": -102.268,
   "se": null,
   "t": -1.367,
   "p": 0.172,
   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 11,
   "confidence": "high",
   "notes": "Orientation dummy (direction not defined in table; expected negative). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "ViewHw",
   "taxonomy_id": "view",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": -229.866,
   "se": null,
   "t": -2.19,
   "p": 0.029,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 11,
   "confidence": "high",
   "notes": "Highway or railway view dummy (negative view). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "ViewMount",
   "taxonomy_id": "view",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": 390.095,
   "se": null,
   "t": 2.511,
   "p": 0.012,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 11,
   "confidence": "high",
   "notes": "Mountain view dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "ViewSea",
   "taxonomy_id": "view",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": 1368.619,
   "se": null,
   "t": 8.53,
   "p": 0.0,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 11,
   "confidence": "high",
   "notes": "Sea view dummy (text also cites 1358.619; table value used). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "DUPLEX",
   "taxonomy_id": "dwelling_type",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": 588.54,
   "se": null,
   "t": 2.408,
   "p": 0.016,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 11,
   "confidence": "high",
   "notes": "Duplex (two-storey) unit dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "FlatSize",
   "taxonomy_id": "living_area",
   "x_transform": "level",
   "x_unit": "sqft",
   "beta": 2.69,
   "se": null,
   "t": 5.376,
   "p": 0.0,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Saleable area excluding flat roof (sq ft). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "FlatRoof",
   "taxonomy_id": "terrace_balcony",
   "x_transform": "level",
   "x_unit": "sqft",
   "beta": 4.469,
   "se": null,
   "t": 4.442,
   "p": 0.0,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Flat roof (private outdoor) area in sq ft. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "AGE",
   "taxonomy_id": "age",
   "x_transform": "level",
   "x_unit": "years",
   "beta": -56.7,
   "se": null,
   "t": -2.833,
   "p": 0.005,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Building age in years; quadratic (AgeSq also included). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "AgeSq",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years",
   "beta": 1.538,
   "se": null,
   "t": 2.618,
   "p": 0.009,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Age squared. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "Floor",
   "taxonomy_id": "floor_level",
   "x_transform": "level",
   "x_unit": "count",
   "beta": 110.119,
   "se": null,
   "t": 4.763,
   "p": 0.0,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Floor level of the unit. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "Orient",
   "taxonomy_id": "sunlight",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": -101.477,
   "se": null,
   "t": -0.999,
   "p": 0.318,
   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Orientation dummy (direction not defined in table; expected negative). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "ViewOpen",
   "taxonomy_id": "view",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": 596.154,
   "se": null,
   "t": 3.226,
   "p": 0.001,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Open view dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "ViewMount",
   "taxonomy_id": "view",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": 338.198,
   "se": null,
   "t": 1.977,
   "p": 0.048,
   "p_stars": "**",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Mountain view dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "ViewSea",
   "taxonomy_id": "view",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": 1040.848,
   "se": null,
   "t": 6.207,
   "p": 0.0,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Sea view dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  },
  {
   "model_id": "T5-c1",
   "var_name_printed": "ADJOIN",
   "taxonomy_id": "dwelling_type",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": 934.079,
   "se": null,
   "t": 2.513,
   "p": 0.012,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 12,
   "confidence": "high",
   "notes": "Adjoining (combined) flat dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."
  }
 ]
}