{"title":"Study on Premium Rent of Refurbished Apartments Based on Bayesian Modeling Using Stated Preference Data of the Tenants","authors":"Hiroaki Komatsu","doi":"10.5736/JARES.31.3_110","DOIUrl":null,"url":null,"abstract":"In this study, we evaluated the premium rent of refurbished apartment houses in Greater Tokyo. We found that as a residential building’s age increased, the premium rent decreased. Male tenants in the age group of 20–30 years showed the highest willingness to pay (WTP). In addition, a high degree of residential satisfaction and the sense of expense toward rent had negative effects on the WTP toward premium rent.","PeriodicalId":394495,"journal":{"name":"New Frontiers in Regional Science: Asian Perspectives","volume":"37 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"New Frontiers in Regional Science: Asian Perspectives","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5736/JARES.31.3_110","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
Abstract
In this study, we evaluated the premium rent of refurbished apartment houses in Greater Tokyo. We found that as a residential building’s age increased, the premium rent decreased. Male tenants in the age group of 20–30 years showed the highest willingness to pay (WTP). In addition, a high degree of residential satisfaction and the sense of expense toward rent had negative effects on the WTP toward premium rent.
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