Bảo tồn di tích lịch sử và giá nhà phố: Nghiên cứu điển hình tại TP. Hồ Chí Minh
DOI:
https://doi.org/10.24311/jabes/2020.31.5.1Keywords:
Historic preservation, Heritage preservation, Housing prices, Hedonic modelingAbstract
The current study contributes to the existing scholarly and professional debate on the role and impacts of sites and landmarks designated as heritage preservation in Vietnam. Preservation proponents often contend that designated sites and landmarks can generate positive externalities; however, their arguments lack empirical support. The current study examines housing prices and their relationship with the presence of designated sites and landmarks in Ho Chi Minh City by using Hedonic models for a sample of 260 townhouses. The findings are consistent with the literature which shows the negative correlation between housing prices and distances to nearest sites and landmarks. The findings suggest important implications concerning housing transaction taxation and the community’s proactive participation in preservation policy.
References
Angjellari-Dajci, F., & Cebula, R. J. (2016). The impact of historic district designation on the prices of single-family homes in the oldest city in the United States, St. Augustine, Florida. Journal of Property Research, 33(1), 64–96.
Asabere, P. K., & Huffman, F. E. (1991). Zoning and industrial land values: The case of Philadelphia. Real Estate Economics, 19(2), 154–160.
Been, V., Ellen, I. G., Gedal, M., Glaeser, E., & McCabe, B. J. (2014). Preserving history or hindering growth? The heterogeneous effects of historic districts on local housing markets in New York City (NBER Working Paper No. 20446). Retrieved from the National Brueau of Economic Research: https://www.nber.org/papers/w20446
Carruthers, J. I., Clark, D. E., & Tealdi, M. (2010). The demand for historic preservation. Working Papers and Research 2010-02, Marquette University, Center for Global and Economic Studies and Department of Economics.
Clark, D. E., & Herrin, W. E. (1997). Historical preservation districts and home sale prices: Evidence from the Sacramento housing market. Review of Regional Studies, 27(1), 29–48.
Coffin, D. A. (1989). The impact of historic districts on residential property values. Eastern Economic Journal, 15(3), 221–228.
Coulson, N. E., & Lahr, M. L. (2005). Gracing the land of Elvis and Beale street: Historic designation and property values in Memphis. Real Estate Economics, 33(3), 487–507.
Coulson, N. E., & Leichenko, R. M. (2001). The internal and external impact of historical designation on property values. The Journal of Real Estate Finance and Economics, 23(1), 113–124.
Diaz, J., Hansz, A., Cypher, M., & Hayunga, D. (2008). Conservation status and residential transaction prices: Initial evidence from Dallas, Texas. Journal of Real Estate Research, 30(2), 225–248.
Follain, J. R., & Malpezzi, S. (1980). Dissecting Housing Value and Rent: Estimates of Hedonic Indexes for Thirty-nine Large SMSAs (Vol. 249, No. 17). Urban Institute Press.
Ford, D. A. (1989). The effect of historic district designation on single‐family home prices. Real Estate Economics, 17(3), 353–362.
Freeman, A. M. (1979). The Benefits of Environmental Improvement: Theory and Practice. Washington, D.C.: Resources for the Future.
Gilderbloom, J. I., Hanka, M. J., & Ambrosius, J. D. (2009). Historic preservation’s impact on job creation, property values, and environmental sustainability. Journal of Urbanism, 2(2), 83–101.
Hải Bằng. (2017). Nguy cơ biến mất nhiều di tích lịch sử. Báo Nhân dân điện tử. Truy cập ngày 10/11/2019, từ https://www.nhandan.com.vn/binhluan/binh-luan-phe-phan/item/34941402-nguy-co-%E2%80%9Cbien-mat%E2%80%9D-nhieu-di-tich-lich-su.html
Hicks, R. L., & Queen, B. M. (2016). Valuing historical and open space amenities with hedonic property valuation models. Agricultural and Resource Economics Review, 45(1), 44–67.
Koster, H. R., & Rouwendal, J. (2017). Historic amenities and housing externalities: Evidence from the Netherlands. The Economic Journal, 127(605), F396–F420.
Lancaster, K. J. (1966). A new approach to consumer theory. Journal of Political Economy, 74(2), 132–157.
Leichenko, R. M., Coulson, N. E., & Listokin, D. (2001). Historic preservation and residential property values: An analysis of Texas cities. Urban Studies, 38(11), 1973–1987.
Lê Quang Ninh. (2018). Kinh tế di sản để bảo tồn di sản: Tại sao không?. Báo Thanh niên điện tử. Truy cập ngày 22/11/2018, từ https://thanhnien.vn/van-hoa/kinh-te-di-san-de-bao-ton-di-san-tai-sao-khong-1025751.html
Li, D. L., Cheng, J. F., Huang, M. L., & Chi, Y. Y. (2018). Valuation of cultural heritage - A hedonic pricing analysis of housing via GIS-Based data. Kyoto Japan, 20(4) Part XVI.
Listokin, D., Listokin, B., & Lahr, M. (1998). The contributions of historic preservation to housing and economic development. Housing Policy Debate, 9(3), 431–478
Mason, R. (2005). Economics and Historic Preservation: A Guide and Review of the Literature. Washington, DC: The Brookings Institution.
Narwold, A., Jonathan, S., & Tu, C. (2008). Historical designation and residential property values. International Real Estate Review, 11(1), 83–95.
Ng, S., & Dagger, T. (2006). The antecedents and consequences of customer emotions in collective hedonic services: An exploratory study. Doctoral Colloquium Paper, ANZMAC Colloquium
(pp. 4–6).
Nguyên Quốc. (2019). Giải pháp bảo tồn di sản văn hoá TP. Hồ Chí Minh. Báo Nhân dân điện tử. Truy cập ngày 10/12/2019, từ https://nhandan.com.vn/tin-chung1/giai-phap-bao-ton-di-san-van-hoa-o-tp-ho-chi-minh-379572/
Nguyễn Thị Hậu. (2019). PPP với biệt thự cổ: Tại sao không?. Báo Người đô thị. Truy cập ngày 07/01/2019, từ https://nguoidothi.net.vn/ppp-voi-biet-thu-co-tai-sao-khong-16727.html
Nguyễn Thị Hậu. (2017). Di sản văn hóa đô thị Sài Gòn – TP. Hồ Chí Minh quan điểm, công cụ bao tồn và phát huy giá trị. Quản lý và khai thác di sản văn hóa trong thời kỳ hội nhập. TP.HCM: NXB Đại học Quốc gia TP.HCM.
Nguyễn Thị Hậu. (2019). Báo chí và công tác bảo tồn di sản ở TP. Hồ Chí Minh. Tạp chí Kiến trúc. Truy cập ngày 10/11/2019 tại https://www.tapchikientruc.com.vn/chuyen-muc/bao-chi-va-cong-tac-bao-ton-di-san-o-tphcm.html
Noonan, D. S. (2007). Finding an impact of preservation policies: Price effects of historic landmarks on attached homes in Chicago, 1990-1999. Economic Development Quarterly, 21(1), 17–33.
Noonan, D. S., & Krupka, D. J. (2011). Making - or picking - winners: Evidence of internal and external price effects in historic preservation policies. Real Estate Economics, 39(2), 379–407.
Powe, M., Mabry, J., Talen, E., & Mahmoudi, D. (2016). Jane Jacobs and the value of older, smaller buildings. Journal of the American Planning Association, 82(2), 167–180.
Rosen, S. (1974). Hedonic prices and implicit markets: product differentiation in pure competition. Journal of Political Economy, 82(1), 34–55.
Rypkema, D. D. (2001). The economic power of restoration. Restoration & Renovation Conference, Washington, DC.
Sirmans, G. S., MacDonald, L., Macpherson, D. A., & Zietz, E. N. (2006). The Value of Housing Characteristics: A Meta Analysis. The Journal of Real Estate Finance and Economics, 33(3), 215–240.
Strauss, C. H., Lord, B. E., & Powell, M. J. (2002). Path of Progress Heritage System: Visitor Characteristics and Economic Impacts. Hollidaysburg: Westsylvania Heritage Corporation.
Throsby, D. (2003). Determining the value of cultural goods: How much (or how little) does contingent valuation tell us?. Journal of Cultural Economics, 27(3–4), 275–285.
Thu Hồng. (2019). Bảo tồn di tích: Nói dễ làm khó!. Báo Người lao động điện tử. Truy cập ngày 31/10/2019, từ https://nld.com.vn/ban-doc/bao-ton-di-tich-noi-de-lam-kho-danh-thuc-di-tich-20191030214322875.htm
Winson-Geideman, K., Jourdan, D., & Gao, S. (2011). The impact of age on the value of historic homes in a nationally recognized historic district. Journal of Real Estate Research, 33(1), 25–47.
Wolf, B., Horn, D., & Ramirez, C. (1999). Financing Historic Federal Buildings: An Analysis of Current Practice. Washington: General Services Administration, Public Buildings Service, Office of Business Performance.
Xiao, Y. (2017). Hedonic housing price theory review. In Urban Morphology and Housing Market (pp. 11–40). Singapore: Springer.
Yiu, C. Y. (2002). The effects of age on housing prices in Hong Kong [Unpublished doctoral dissertation]. Department of Real Estate and Construction, University of Hong Kong.
Yung, E. H., Yu, P. L., & Chan, E. H. (2013). Economic valuation of historic properties: Review and recent developments. Property Management, 31(4), 335–358.
Zahirovic-Herbert, V., & Chatterjee, S. (2012). Historic preservation and residential property values: Evidence from quantile regression. Urban Studies, 49(2), 369–382.
Downloads
Published
Issue
Section
License
Copyright (c) 2020 JOURNAL OF ASIAN BUSINESS AND ECONOMIC STUDIES
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
