A Hedonic Pricing Approach to Value Ecosystem Services Provided by Water Sensitive Urban Design: Comparison of Geelong, Australia and Singapore

Authors

Kim Irvine
Bing Han Choy
Lloyd HC Chua
Jarrod Gaut
Huu Loc Ho
Nij Tontisirin

Publication Date

2020-01-01

Abstract

Water Sensitive Urban Design (WSUD) features are increasingly used for urban water management, green urban design, and improved community liveability, but relatively less data are available on the ecosystem services that WSUD provides. We used hedonic pricing, supported by qualitative surveys, in Geelong, Australia and Singapore, to evaluate benefits related to large WSUD features. For both locations there was a significant (α=0.05) inverse relationship between the sales price of a residence and distance to the WSUD features. Qualitative surveys corroborated the hedonic pricing analysis, as a majority of people appreciated benefits accrued from living near WSUD features.

First Page

59

Last Page

78

Recommended Citation

Irvine, Kim; Choy, Bing Han; Chua, Lloyd HC; Gaut, Jarrod; Ho, Huu Loc; and Tontisirin, Nij (2020) "A Hedonic Pricing Approach to Value Ecosystem Services Provided by Water Sensitive Urban Design: Comparison of Geelong, Australia and Singapore," NAKHARA (Journal of Environmental Design and Planning): Vol. 19: No. 1, Article 4.
Available at: https://digital.car.chula.ac.th/nakhara/vol19/iss1/4