1{2 "record_id": "e06a4d3e776b1e6666c940f56997612ef11873e4",3 "eligible": true,4 "exclusion_reason": null,5 "study": {6 "title": "The effect of BEAM Plus certification on property price in Hong Kong",7 "year": 2017,8 "doi": "10.3846/1648715X.2017.1409290",9 "country": "Hong Kong",10 "region_city": "Hong Kong, Sham Shui Po - Cheung Sha Wan district (16 residential developments)",11 "sample_start": 2012,12 "sample_end": 2014,13 "property_type": "condo_apartment",14 "price_type": "transaction",15 "data_source": "EPRC transaction records (Land Registry), 646 flats transacted Feb 2012-Dec 2014, prices adjusted by RVD price index",16 "document_type": "journal",17 "estimators": [18 "OLS"19 ],20 "spatial_method": "sub-district dummy (NSSP)",21 "time_fe": false,22 "location_fe": true,23 "se_type": "unknown",24 "n_obs_total": 646,25 "ai_methods": [],26 "notes": "International Journal of Strategic Property Management 21(4). Semi-log hedonic model; dependent variable is the natural log of the price-index-adjusted transaction price per square metre (HKD). Table 7 prints coefficients and significance stars only (** 1%, * 5%): no SEs or t-statistics. Time trend handled by deflating prices with the RVD index rather than time dummies. 54.3% of units are pre-sale flats (reference category for age dummies)."27 },28 "models": [29 {30 "model_id": "T7-c1",31 "table": "7",32 "column": "Model 1",33 "page": 13,34 "dep_var": "ln of price-index-adjusted transaction price per square metre (HKD)",35 "dep_transform": "per_m2",36 "estimator": "OLS",37 "n_obs": 646,38 "r2": 0.8,39 "se_or_t_in_parentheses": "none",40 "sample_subset": "full sample, CERTIFIED and UNCL included; r2 = adjusted R-square; F = 216.095"41 },42 {43 "model_id": "T7-c2",44 "table": "7",45 "column": "Model 2",46 "page": 13,47 "dep_var": "ln of price-index-adjusted transaction price per square metre (HKD)",48 "dep_transform": "per_m2",49 "estimator": "OLS",50 "n_obs": 646,51 "r2": 0.796,52 "se_or_t_in_parentheses": "none",53 "sample_subset": "full sample, UNCL omitted (unclassified buildings treated as non-registered); r2 = adjusted R-square; F = 229.644"54 }55 ],56 "coefficients": [57 {58 "model_id": "T7-c1",59 "var_name_printed": "CERTIFED",60 "taxonomy_id": "energy_efficiency",61 "x_transform": "dummy",62 "x_unit": "binary",63 "beta": 0.044,64 "se": null,65 "t": null,66 "p": null,67 "p_stars": "**",68 "ci_lo": null,69 "ci_hi": null,70 "page": 13,71 "confidence": "high",72 "notes": "BEAM Plus green building certification (Gold/Silver/Bronze) vs non-registered building; printed as CERTIFED (sic); no SE/t printed; ** = significant at 1% level, * at 5% level"73 },74 {75 "model_id": "T7-c2",76 "var_name_printed": "CERTIFED",77 "taxonomy_id": "energy_efficiency",78 "x_transform": "dummy",79 "x_unit": "binary",80 "beta": 0.062,81 "se": null,82 "t": null,83 "p": null,84 "p_stars": "**",85 "ci_lo": null,86 "ci_hi": null,87 "page": 13,88 "confidence": "high",89 "notes": "BEAM Plus green building certification (Gold/Silver/Bronze) vs non-registered building; printed as CERTIFED (sic); no SE/t printed; ** = significant at 1% level, * at 5% level"90 },91 {92 "model_id": "T7-c1",93 "var_name_printed": "UNCL",94 "taxonomy_id": "energy_efficiency",95 "x_transform": "dummy",96 "x_unit": "binary",97 "beta": -0.059,98 "se": null,99 "t": null,100 "p": null,101 "p_stars": "**",102 "ci_lo": null,103 "ci_hi": null,104 "page": 13,105 "confidence": "high",106 "notes": "building obtained 'unclassified' rating under BEAM Plus vs non-registered; no SE/t printed; ** = significant at 1% level, * at 5% level"107 },108 {109 "model_id": "T7-c1",110 "var_name_printed": "AREA",111 "taxonomy_id": "living_area",112 "x_transform": "level",113 "x_unit": "m2",114 "beta": -0.005,115 "se": null,116 "t": null,117 "p": null,118 "p_stars": "**",119 "ci_lo": null,120 "ci_hi": null,121 "page": 13,122 "confidence": "medium",123 "notes": "saleable area of the unit, defined in Table 6 in square metres (level); the text interprets the coefficient as a 1% change in area, so functional form is ambiguous; no SE/t printed; ** = significant at 1% level, * at 5% level"124 },125 {126 "model_id": "T7-c2",127 "var_name_printed": "AREA",128 "taxonomy_id": "living_area",129 "x_transform": "level",130 "x_unit": "m2",131 "beta": -0.005,132 "se": null,133 "t": null,134 "p": null,135 "p_stars": "**",136 "ci_lo": null,137 "ci_hi": null,138 "page": 13,139 "confidence": "medium",140 "notes": "saleable area of the unit, defined in Table 6 in square metres (level); the text interprets the coefficient as a 1% change in area, so functional form is ambiguous; no SE/t printed; ** = significant at 1% level, * at 5% level"141 },142 {143 "model_id": "T7-c1",144 "var_name_printed": "5 years or less",145 "taxonomy_id": "age",146 "x_transform": "dummy",147 "x_unit": "binary",148 "beta": -0.185,149 "se": null,150 "t": null,151 "p": null,152 "p_stars": "**",153 "ci_lo": null,154 "ci_hi": null,155 "page": 13,156 "confidence": "high",157 "notes": "building-age category dummy (0-5 years) vs pre-sale (uncompleted) flats; not age in years; no SE/t printed; ** = significant at 1% level, * at 5% level"158 },159 {160 "model_id": "T7-c2",161 "var_name_printed": "5 years or less",162 "taxonomy_id": "age",163 "x_transform": "dummy",164 "x_unit": "binary",165 "beta": -0.157,166 "se": null,167 "t": null,168 "p": null,169 "p_stars": "**",170 "ci_lo": null,171 "ci_hi": null,172 "page": 13,173 "confidence": "high",174 "notes": "building-age category dummy (0-5 years) vs pre-sale (uncompleted) flats; not age in years; no SE/t printed; ** = significant at 1% level, * at 5% level"175 },176 {177 "model_id": "T7-c1",178 "var_name_printed": "6 to 10 years",179 "taxonomy_id": "age",180 "x_transform": "dummy",181 "x_unit": "binary",182 "beta": -0.238,183 "se": null,184 "t": null,185 "p": null,186 "p_stars": "**",187 "ci_lo": null,188 "ci_hi": null,189 "page": 13,190 "confidence": "high",191 "notes": "building-age category dummy (6-10 years) vs pre-sale flats; no SE/t printed; ** = significant at 1% level, * at 5% level"192 },193 {194 "model_id": "T7-c2",195 "var_name_printed": "6 to 10 years",196 "taxonomy_id": "age",197 "x_transform": "dummy",198 "x_unit": "binary",199 "beta": -0.203,200 "se": null,201 "t": null,202 "p": null,203 "p_stars": "**",204 "ci_lo": null,205 "ci_hi": null,206 "page": 13,207 "confidence": "high",208 "notes": "building-age category dummy (6-10 years) vs pre-sale flats; no SE/t printed; ** = significant at 1% level, * at 5% level"209 },210 {211 "model_id": "T7-c1",212 "var_name_printed": "More than 10 years",213 "taxonomy_id": "age",214 "x_transform": "dummy",215 "x_unit": "binary",216 "beta": -0.324,217 "se": null,218 "t": null,219 "p": null,220 "p_stars": "**",221 "ci_lo": null,222 "ci_hi": null,223 "page": 13,224 "confidence": "high",225 "notes": "building-age category dummy (>10 years) vs pre-sale flats; no SE/t printed; ** = significant at 1% level, * at 5% level"226 },227 {228 "model_id": "T7-c2",229 "var_name_printed": "More than 10 years",230 "taxonomy_id": "age",231 "x_transform": "dummy",232 "x_unit": "binary",233 "beta": -0.295,234 "se": null,235 "t": null,236 "p": null,237 "p_stars": "**",238 "ci_lo": null,239 "ci_hi": null,240 "page": 13,241 "confidence": "high",242 "notes": "building-age category dummy (>10 years) vs pre-sale flats; no SE/t printed; ** = significant at 1% level, * at 5% level"243 },244 {245 "model_id": "T7-c1",246 "var_name_printed": "11th to 20th floor",247 "taxonomy_id": "floor_level",248 "x_transform": "dummy",249 "x_unit": "binary",250 "beta": 0.03,251 "se": null,252 "t": null,253 "p": null,254 "p_stars": "**",255 "ci_lo": null,256 "ci_hi": null,257 "page": 13,258 "confidence": "high",259 "notes": "floor-level category vs 10th floor or below; no SE/t printed; ** = significant at 1% level, * at 5% level"260 },261 {262 "model_id": "T7-c2",263 "var_name_printed": "11th to 20th floor",264 "taxonomy_id": "floor_level",265 "x_transform": "dummy",266 "x_unit": "binary",267 "beta": 0.031,268 "se": null,269 "t": null,270 "p": null,271 "p_stars": "**",272 "ci_lo": null,273 "ci_hi": null,274 "page": 13,275 "confidence": "high",276 "notes": "floor-level category vs 10th floor or below; no SE/t printed; ** = significant at 1% level, * at 5% level"277 },278 {279 "model_id": "T7-c1",280 "var_name_printed": "21st to 30th floor",281 "taxonomy_id": "floor_level",282 "x_transform": "dummy",283 "x_unit": "binary",284 "beta": 0.09,285 "se": null,286 "t": null,287 "p": null,288 "p_stars": "**",289 "ci_lo": null,290 "ci_hi": null,291 "page": 13,292 "confidence": "high",293 "notes": "floor-level category vs 10th floor or below; no SE/t printed; ** = significant at 1% level, * at 5% level"294 },295 {296 "model_id": "T7-c2",297 "var_name_printed": "21st to 30th floor",298 "taxonomy_id": "floor_level",299 "x_transform": "dummy",300 "x_unit": "binary",301 "beta": 0.091,302 "se": null,303 "t": null,304 "p": null,305 "p_stars": "**",306 "ci_lo": null,307 "ci_hi": null,308 "page": 13,309 "confidence": "high",310 "notes": "floor-level category vs 10th floor or below; no SE/t printed; ** = significant at 1% level, * at 5% level"311 },312 {313 "model_id": "T7-c1",314 "var_name_printed": "31st to 40th floor",315 "taxonomy_id": "floor_level",316 "x_transform": "dummy",317 "x_unit": "binary",318 "beta": 0.154,319 "se": null,320 "t": null,321 "p": null,322 "p_stars": "**",323 "ci_lo": null,324 "ci_hi": null,325 "page": 13,326 "confidence": "high",327 "notes": "floor-level category vs 10th floor or below; no SE/t printed; ** = significant at 1% level, * at 5% level"328 },329 {330 "model_id": "T7-c2",331 "var_name_printed": "31st to 40th floor",332 "taxonomy_id": "floor_level",333 "x_transform": "dummy",334 "x_unit": "binary",335 "beta": 0.153,336 "se": null,337 "t": null,338 "p": null,339 "p_stars": "**",340 "ci_lo": null,341 "ci_hi": null,342 "page": 13,343 "confidence": "high",344 "notes": "floor-level category vs 10th floor or below; no SE/t printed; ** = significant at 1% level, * at 5% level"345 },346 {347 "model_id": "T7-c1",348 "var_name_printed": "41st floor or above",349 "taxonomy_id": "floor_level",350 "x_transform": "dummy",351 "x_unit": "binary",352 "beta": 0.199,353 "se": null,354 "t": null,355 "p": null,356 "p_stars": "**",357 "ci_lo": null,358 "ci_hi": null,359 "page": 13,360 "confidence": "high",361 "notes": "floor-level category vs 10th floor or below; no SE/t printed; ** = significant at 1% level, * at 5% level"362 },363 {364 "model_id": "T7-c2",365 "var_name_printed": "41st floor or above",366 "taxonomy_id": "floor_level",367 "x_transform": "dummy",368 "x_unit": "binary",369 "beta": 0.188,370 "se": null,371 "t": null,372 "p": null,373 "p_stars": "**",374 "ci_lo": null,375 "ci_hi": null,376 "page": 13,377 "confidence": "high",378 "notes": "floor-level category vs 10th floor or below; no SE/t printed; ** = significant at 1% level, * at 5% level"379 },380 {381 "model_id": "T7-c1",382 "var_name_printed": "MTR",383 "taxonomy_id": "transit_distance",384 "x_transform": "dummy",385 "x_unit": "binary",386 "beta": 0.028,387 "se": null,388 "t": null,389 "p": null,390 "p_stars": "**",391 "ci_lo": null,392 "ci_hi": null,393 "page": 13,394 "confidence": "high",395 "notes": "=1 if within 5 minutes walk (about 400 m) of Sham Shui Po or Cheung Sha Wan MTR station; no SE/t printed; ** = significant at 1% level, * at 5% level"396 },397 {398 "model_id": "T7-c2",399 "var_name_printed": "MTR",400 "taxonomy_id": "transit_distance",401 "x_transform": "dummy",402 "x_unit": "binary",403 "beta": 0.051,404 "se": null,405 "t": null,406 "p": null,407 "p_stars": "**",408 "ci_lo": null,409 "ci_hi": null,410 "page": 13,411 "confidence": "high",412 "notes": "=1 if within 5 minutes walk (about 400 m) of Sham Shui Po or Cheung Sha Wan MTR station; no SE/t printed; ** = significant at 1% level, * at 5% level"413 },414 {415 "model_id": "T7-c1",416 "var_name_printed": "NSSP",417 "taxonomy_id": "other",418 "x_transform": "dummy",419 "x_unit": "binary",420 "beta": 0.242,421 "se": null,422 "t": null,423 "p": null,424 "p_stars": "**",425 "ci_lo": null,426 "ci_hi": null,427 "page": 13,428 "confidence": "high",429 "notes": "=1 if located in Cheung Sha Wan, 0 if Sham Shui Po (sub-district location dummy); no SE/t printed; ** = significant at 1% level, * at 5% level"430 },431 {432 "model_id": "T7-c2",433 "var_name_printed": "NSSP",434 "taxonomy_id": "other",435 "x_transform": "dummy",436 "x_unit": "binary",437 "beta": 0.25,438 "se": null,439 "t": null,440 "p": null,441 "p_stars": "**",442 "ci_lo": null,443 "ci_hi": null,444 "page": 13,445 "confidence": "high",446 "notes": "=1 if located in Cheung Sha Wan, 0 if Sham Shui Po (sub-district location dummy); no SE/t printed; ** = significant at 1% level, * at 5% level"447 }448 ]449}