Analyzing the Changes of Spatial Structure and Officially Assessed Land Price by Using Space Syntax

Abstract

Land price contains the comprehensive characteristics of urban space, representing the social and economic features of the city. Accordingly, land price can be utilized as an indicator, which can identify the changes of spatial structure and socioeconomic variations caused by urban development. This study attempted to explore the change in land price by the road construction. Methodologically, it adopted Space Syntax, which can interpret urban spatial structure comprehensively, to identify the relationship between the forms of road networks and land price. The analytical results show that the correlation between `integration index of Space Syntax` with `officially assessed land price` was the highest, and as integration was higher, `officially assessed land price` increased. Subsequently, using regression equation, it tried to predict the land price changes of surrounding areas, according to the new road construction in case area. As shown above, the research methods or study results have the advantage of predicting the changes in land price that can attract high concern of residents in an easy way. In addition, it will contribute to establishing relevant polices and smoothing business promotion through the enhancing residents` understanding by suggesting the change in land price in advance before the execution of urban regeneration and development projects.