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What's the patt
ern of land pric
e in Huajing?
Jiaman Gu

2019.3
step Introduction

step Data

step Analysis

step Conclusion

step Evaluation
01 Introduction
 Introduction
Huajing Town is located in the central part of Shanghai, southwest of Xuhui
District, east to Huangpu River, West to Laohumin Road, south to Guangan
g Village, and border with Meilong Town, Minhang District; north to Dianpu
River and Changqiao Street. The town area is 8.04 square kilometers.
Huajing is mainly used for commercial land, industrial land and housing land
.
The average price of new houses in Huajing in March is 60825 yuan/m2 （ F
rom Anjuke ）
02 Data
Data

1
sources

The following data include the first-hand information of the survey of

various intermediaries, as well as the data I searched from some

websites, such as the 58 same town and Anjuke.

 Land price in Huajing

Jinxing lane Huafua

Average price: 39583 yuan per Average price:46405
square meter (survey) Data yuan/square (survey)
the website is 58 same town website: 42560 yuan/square
meter

Impression of Europe Huaxing Shenghua

Average price:62774 yuan per Average price: 46388 Average price:44252 yuan per
square meter (survey) yuan per square meter (survey) square meter (survey)
website:60235 yuan/square website: 44486 yuan/ square website: 42703 yuan/square
meter meter meter
 Land price in Huajing

Huajing four village Xingning Department Dongwan

Average price: 39583 yuan per Average price: 55836 Average price:39266
square meter (survey) yuan/square (survey) yuan/square (survey)
website:39445 yuan/square website:55706 yuan/square meter website:39150 yuan/square
meter meter

Ziyang Garden Mingfeng Xuhui Zhengyuan

Average price:39448 yuan per Average price: 52209 Average price:64065 yuan per
square meter (survey) yuan per square meter (survey) square meter (survey)
website:38947 yuan/square website:54146 yuan/square meter website:63002 yuan/square
meter
Model
According to the above data, I

made a model of housing price i

n huajing region.

yellow ：＜ 40000

orange ： 40000-45000

red ： 45000-50000

dark pink ： 50000-55000

purple ： 55000-60000

black ：＞ 60000
03 Analysis
 Analysis
1
Interview with a real estate agent

During the field work, we asked some housing agents and got the corresponding answers. The

price per square meter of Ziyang Garden and Dongwan is the lowest. The reason is that

Ziyang Garden residential area is old and close to the elevated, Dongwan residential houses

are also old.In the previous data processing, I also found that the housing prices in these two

residential areas are indeed the cheapest. Xuhui Zhenyuan is the most expensive of all the

houses. I also confirmed this statement in my calculation. After field investigation, I found that

the reasons for high house prices are: 1. more afforested areas, 2. more restaurants and

supermarkets around the house, 3. villas inside, which increases the overall house price.
 According to the images in the Data section, it is not true that the closer to the downtown of
1 xuhui district, the more expensive the housing price. Impression Europe and Huaxing Garden
are far from the center of xuhui district than jinxing lane, but the housing price is at least 10,000
yuan per square meter more expensive than jinxing lane.

The relatively low unit price of the residential areas is mainly in the flyover overpass, near the
outer ring highway. But there are exceptions, such as xuhui zhenyuan and mingfeng, which
2
have relatively high unit prices. I suspect it may also have something to do with how old the
house itself is.

Schools have a certain impact on the housing price. In the Data section, the areas with the
deepest color, namely the expensive housing price, are concentrated near the school of
materials engineering and the Yifu Primary School. The houses near Huayu middle school are
3
also relatively expensive, such as impression Europe and Huaxing. Although the housing price
of huajing four village near Weiyu high school is relatively low, it is also the closest to 40,000
yuan per square meter among all the yellow colors. The reason for the low housing price is that
the house is old and has less afforested areas.
 If we only look at the diagram in the Data section, I think the house price or land price of huajing
4 has no obvious rule, at most it has a shallow ring(annular) shape increase or decrease. Or you
could say it's a lumpy price distribution. （ Inclined trend distribution ）
A simplified version of the diagram: （ the same color as the diagram in the Data section ）

Huangpu
inner river
lands

The expensive areas are basically along the river in the inner place, the most close to the

5
Huangpu river or relatively inner places, the price is not particularly expensive, which should be
related to the two factors of traffic and environment.
04 Conclusion
 conclusion
1

Geographical location have a certain impact in the house price of Huajing, near the

Xuhui Center will be more expensive, but at the same time housing prices will also be

affected by the old and new degree of the house itself, whether there is traffic around

(highway, flyover, subway), whether there are schools around, whether there are

restaurants and supermarkets around, whether there are more afforested areas,

whether close to the Huangpu River and other factors. The housing price in Huajing

presents a annular trend in general. Prices close to the outside are expensive, while

those on the outermost and inner floors are low.

05 Evaluation
Evaluation

What we have collected is only housing land, and no other sectors such as industrial
1 land and commercial land have been further dug. Or we need to investigate the price
of the original land to better understand the land price of huajing (house price).

The price of real estate intermediaries will have some errors with the real
2
price we buy, so our investigation is also inaccurate to some extent.(In
general, the real estate agent's price will be higher than the real price)
Evaluation

• Our conclusions without a lot of data • As far as we know, Lao Hu Min Road will

may have some limitations. To reach a have a underground recently, which will

more accurate conclusion, we need to also affect our data, because traffic may

collect more samples and data about make the surrounding housing prices rise in

different residential areas. a short time. Agents and real estate agents

may deliberately inflate prices for this

reason. It can't provide us the true data.

Thanks!