A Study of Micro Space Differentiation on High-rise Residential Price

Based on 596 high-rise residential buildings traded from January, 2009 to March, 2010 and 3717 effective samples, this paper discusses the spatial differentiation of floor level, orientation and view in high-rise residential price by Hedonic Pricing Model. The conclusion is: floor level, orientation and view contribute 1.47%, 2.3% and 4.35% respectively (totally 8.12%) to the price of a standard dwelling unit (13th floor, southwest and building view) in Guangzhou city. When floor level changes from 1 to 48, the proportion of hidden floor price is 0.35%-18.67%. The indexes of orientation and view change from 80 to 130 in the same floor level but different orientation and view.