FACTORS AFFECTING CONDOMINIUM PRICING ALONG THE METROPOLITAN RAPID TRANSIT NAKKHARA PHIPHAT LINE
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Abstract
This research aims to investigate the factors influencing the pricing of condominiums along the MRT Nakkhara Phiphat Line using the Hedonic Price Model (HPM). Secondary Data were collected from 31 condominiums located near the MRT stations of not more than 2 kilometers which have a primary sale during 2017-2024. Multiple linear regression analysis reveals that location-based factor shown by the condominiums located near interchange stations has a negative impact on condominium prices at the .01 significant level. Also, structural factors including land size and number of elevators exhibit a positive effect on condominium prices at the .01 significant level and the number of bedrooms shows a positive effect at the .05 significant level. Environmental factors including distance from schools and hospitals show a negative effect on price at the .01 and .05 significant levels respectively.
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