Abstract
This study examines the environmental effects on residential property values in an extremely compact city of Macao Peninsula. Results showed that people would be willing to pay more for apartment with sea view and proximity to public recreational park. The availability of sea view for an apartment would increase the sale price by approximately 20%. About 5% increase in price would be observed if the apartment was located within 200m to public recreational park. Proximity to sewage treatment plant had a negative influence on the apartment price. About 9% price drop would be observed if the apartment was within 200m to sewage treatment plant. In addition, the sale price of an apartment would increase by about 5% if it is close to a trunk road with high traffic volume, which implied that people living in an extremely compact city tended to sacrifice serenity for convenience.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
