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Hedonic Price Model of Secondhand Condominium Units in Bangkok |
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| รหัสดีโอไอ | |
| Creator | Kongkoon Tochaiwat, Phonthanat Uruhamanon, Patcharida Pultawee, Sittichai Naksuksakul. |
| Title | Hedonic Price Model of Secondhand Condominium Units in Bangkok |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2564 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 12 |
| Journal No. | 1 |
| Page no. | 12A1A: 1-9 |
| Keyword | Selling Price Analysis, Hedonic regression, Multiple Regression, Condominium resale, Hedonic Pricing Method, Price determinant |
| URL Website | http://TuEngr.com/Vol12_1.html |
| Website title | ITJEMAST V12(1) 2021 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | In this research, the objective was to explore prices of secondhand condominium units in Bangkok, as well as to generate a hedonic price model. The data from 200 samples of secondhand condominiums posted on six well-known secondhand real estate websites in Thailand were gathered and analyzed by Multiple Regression Analysis. A hedonic price model with a logarithmic form with an adjusted R2 of 72.7 percent was proposed. There are a total of 11 determinants regarding customer satisfaction, in which 6 variables have negative effects while the remaining determinants have positive effects. From the paired sample t-test, the means of the observed selling prices and the predicted selling prices are not significantly different, at a 95 percent confidence level. |
