1{2 "record_id": "4412b66b7af7dc2e4784f04e96dda07a5d24ef90",3 "eligible": true,4 "exclusion_reason": null,5 "study": {6 "title": "Buyers' property asset purchase decisions: an empirical study on the high-end residential property market in Hong Kong",7 "year": 2016,8 "doi": "10.3846/1648715x.2015.1105322",9 "country": "Hong Kong",10 "region_city": "Hong Kong Island, Southern District (South Horizons, Chi Fu Fa Yuen and related estates)",11 "sample_start": 1992,12 "sample_end": 2011,13 "property_type": "condo_apartment",14 "price_type": "transaction",15 "data_source": "EPRC Limited Land Registry transaction records cross-checked with Centadata; 711 transactions (model 1) and 687 (model 2), Jan 1992-Nov 2011",16 "document_type": "journal",17 "estimators": [18 "OLS"19 ],20 "spatial_method": "none",21 "time_fe": false,22 "location_fe": false,23 "se_type": "unknown",24 "n_obs_total": 1398,25 "ai_methods": [],26 "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)."27 },28 "models": [29 {30 "model_id": "T3-c1",31 "table": "3",32 "column": "1",33 "page": 11,34 "dep_var": "Price per square foot of saleable area (HK$, index-adjusted)",35 "dep_transform": "per_m2",36 "estimator": "OLS",37 "n_obs": 711,38 "r2": 0.745,39 "se_or_t_in_parentheses": "t",40 "sample_subset": "Model 1 (Duplex): South Horizons duplex and typical units, floors 15-19; adj. R2; F=231.95"41 },42 {43 "model_id": "T5-c1",44 "table": "5",45 "column": "1",46 "page": 12,47 "dep_var": "Price per square foot of saleable area (HK$, index-adjusted)",48 "dep_transform": "per_m2",49 "estimator": "OLS",50 "n_obs": 687,51 "r2": 0.81,52 "se_or_t_in_parentheses": "t",53 "sample_subset": "Model 2 (Adjoining flats): Chi Fu Fa Yuen top floors and comparable units; adj. R2; F=266.09"54 }55 ],56 "coefficients": [57 {58 "model_id": "T3-c1",59 "var_name_printed": "FlatSize",60 "taxonomy_id": "living_area",61 "x_transform": "level",62 "x_unit": "sqft",63 "beta": 3.229,64 "se": null,65 "t": 5.414,66 "p": 0.0,67 "p_stars": "*",68 "ci_lo": null,69 "ci_hi": null,70 "page": 11,71 "confidence": "high",72 "notes": "Saleable area excluding flat roof (sq ft). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."73 },74 {75 "model_id": "T3-c1",76 "var_name_printed": "FlatRoof",77 "taxonomy_id": "terrace_balcony",78 "x_transform": "level",79 "x_unit": "sqft",80 "beta": 4.056,81 "se": null,82 "t": 3.734,83 "p": 0.0,84 "p_stars": "*",85 "ci_lo": null,86 "ci_hi": null,87 "page": 11,88 "confidence": "high",89 "notes": "Flat roof (private outdoor) area in sq ft. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."90 },91 {92 "model_id": "T3-c1",93 "var_name_printed": "AGE",94 "taxonomy_id": "age",95 "x_transform": "level",96 "x_unit": "years",97 "beta": -45.506,98 "se": null,99 "t": -6.948,100 "p": 0.0,101 "p_stars": "*",102 "ci_lo": null,103 "ci_hi": null,104 "page": 11,105 "confidence": "high",106 "notes": "Building age in years. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."107 },108 {109 "model_id": "T3-c1",110 "var_name_printed": "Floor",111 "taxonomy_id": "floor_level",112 "x_transform": "level",113 "x_unit": "count",114 "beta": 187.311,115 "se": null,116 "t": 2.843,117 "p": 0.005,118 "p_stars": "*",119 "ci_lo": null,120 "ci_hi": null,121 "page": 11,122 "confidence": "high",123 "notes": "Floor level of the unit. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."124 },125 {126 "model_id": "T3-c1",127 "var_name_printed": "Orient",128 "taxonomy_id": "sunlight",129 "x_transform": "binary",130 "x_unit": "binary",131 "beta": -102.268,132 "se": null,133 "t": -1.367,134 "p": 0.172,135 "p_stars": "",136 "ci_lo": null,137 "ci_hi": null,138 "page": 11,139 "confidence": "high",140 "notes": "Orientation dummy (direction not defined in table; expected negative). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."141 },142 {143 "model_id": "T3-c1",144 "var_name_printed": "ViewHw",145 "taxonomy_id": "view",146 "x_transform": "binary",147 "x_unit": "binary",148 "beta": -229.866,149 "se": null,150 "t": -2.19,151 "p": 0.029,152 "p_stars": "**",153 "ci_lo": null,154 "ci_hi": null,155 "page": 11,156 "confidence": "high",157 "notes": "Highway or railway view dummy (negative view). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."158 },159 {160 "model_id": "T3-c1",161 "var_name_printed": "ViewMount",162 "taxonomy_id": "view",163 "x_transform": "binary",164 "x_unit": "binary",165 "beta": 390.095,166 "se": null,167 "t": 2.511,168 "p": 0.012,169 "p_stars": "**",170 "ci_lo": null,171 "ci_hi": null,172 "page": 11,173 "confidence": "high",174 "notes": "Mountain view dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."175 },176 {177 "model_id": "T3-c1",178 "var_name_printed": "ViewSea",179 "taxonomy_id": "view",180 "x_transform": "binary",181 "x_unit": "binary",182 "beta": 1368.619,183 "se": null,184 "t": 8.53,185 "p": 0.0,186 "p_stars": "*",187 "ci_lo": null,188 "ci_hi": null,189 "page": 11,190 "confidence": "high",191 "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%)."192 },193 {194 "model_id": "T3-c1",195 "var_name_printed": "DUPLEX",196 "taxonomy_id": "dwelling_type",197 "x_transform": "binary",198 "x_unit": "binary",199 "beta": 588.54,200 "se": null,201 "t": 2.408,202 "p": 0.016,203 "p_stars": "**",204 "ci_lo": null,205 "ci_hi": null,206 "page": 11,207 "confidence": "high",208 "notes": "Duplex (two-storey) unit dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."209 },210 {211 "model_id": "T5-c1",212 "var_name_printed": "FlatSize",213 "taxonomy_id": "living_area",214 "x_transform": "level",215 "x_unit": "sqft",216 "beta": 2.69,217 "se": null,218 "t": 5.376,219 "p": 0.0,220 "p_stars": "*",221 "ci_lo": null,222 "ci_hi": null,223 "page": 12,224 "confidence": "high",225 "notes": "Saleable area excluding flat roof (sq ft). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."226 },227 {228 "model_id": "T5-c1",229 "var_name_printed": "FlatRoof",230 "taxonomy_id": "terrace_balcony",231 "x_transform": "level",232 "x_unit": "sqft",233 "beta": 4.469,234 "se": null,235 "t": 4.442,236 "p": 0.0,237 "p_stars": "*",238 "ci_lo": null,239 "ci_hi": null,240 "page": 12,241 "confidence": "high",242 "notes": "Flat roof (private outdoor) area in sq ft. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."243 },244 {245 "model_id": "T5-c1",246 "var_name_printed": "AGE",247 "taxonomy_id": "age",248 "x_transform": "level",249 "x_unit": "years",250 "beta": -56.7,251 "se": null,252 "t": -2.833,253 "p": 0.005,254 "p_stars": "*",255 "ci_lo": null,256 "ci_hi": null,257 "page": 12,258 "confidence": "high",259 "notes": "Building age in years; quadratic (AgeSq also included). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."260 },261 {262 "model_id": "T5-c1",263 "var_name_printed": "AgeSq",264 "taxonomy_id": "age",265 "x_transform": "squared",266 "x_unit": "years",267 "beta": 1.538,268 "se": null,269 "t": 2.618,270 "p": 0.009,271 "p_stars": "*",272 "ci_lo": null,273 "ci_hi": null,274 "page": 12,275 "confidence": "high",276 "notes": "Age squared. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."277 },278 {279 "model_id": "T5-c1",280 "var_name_printed": "Floor",281 "taxonomy_id": "floor_level",282 "x_transform": "level",283 "x_unit": "count",284 "beta": 110.119,285 "se": null,286 "t": 4.763,287 "p": 0.0,288 "p_stars": "*",289 "ci_lo": null,290 "ci_hi": null,291 "page": 12,292 "confidence": "high",293 "notes": "Floor level of the unit. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."294 },295 {296 "model_id": "T5-c1",297 "var_name_printed": "Orient",298 "taxonomy_id": "sunlight",299 "x_transform": "binary",300 "x_unit": "binary",301 "beta": -101.477,302 "se": null,303 "t": -0.999,304 "p": 0.318,305 "p_stars": "",306 "ci_lo": null,307 "ci_hi": null,308 "page": 12,309 "confidence": "high",310 "notes": "Orientation dummy (direction not defined in table; expected negative). Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."311 },312 {313 "model_id": "T5-c1",314 "var_name_printed": "ViewOpen",315 "taxonomy_id": "view",316 "x_transform": "binary",317 "x_unit": "binary",318 "beta": 596.154,319 "se": null,320 "t": 3.226,321 "p": 0.001,322 "p_stars": "*",323 "ci_lo": null,324 "ci_hi": null,325 "page": 12,326 "confidence": "high",327 "notes": "Open view dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."328 },329 {330 "model_id": "T5-c1",331 "var_name_printed": "ViewMount",332 "taxonomy_id": "view",333 "x_transform": "binary",334 "x_unit": "binary",335 "beta": 338.198,336 "se": null,337 "t": 1.977,338 "p": 0.048,339 "p_stars": "**",340 "ci_lo": null,341 "ci_hi": null,342 "page": 12,343 "confidence": "high",344 "notes": "Mountain view dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."345 },346 {347 "model_id": "T5-c1",348 "var_name_printed": "ViewSea",349 "taxonomy_id": "view",350 "x_transform": "binary",351 "x_unit": "binary",352 "beta": 1040.848,353 "se": null,354 "t": 6.207,355 "p": 0.0,356 "p_stars": "*",357 "ci_lo": null,358 "ci_hi": null,359 "page": 12,360 "confidence": "high",361 "notes": "Sea view dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."362 },363 {364 "model_id": "T5-c1",365 "var_name_printed": "ADJOIN",366 "taxonomy_id": "dwelling_type",367 "x_transform": "binary",368 "x_unit": "binary",369 "beta": 934.079,370 "se": null,371 "t": 2.513,372 "p": 0.012,373 "p_stars": "*",374 "ci_lo": null,375 "ci_hi": null,376 "page": 12,377 "confidence": "high",378 "notes": "Adjoining (combined) flat dummy. Dependent variable is price per sq ft (level); star legend reversed (* 1%, ** 5%)."379 }380 ]381}