Regression results (default models 2014–2015)
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| M1 | M1 | M3 | M4 | |
| Gentrification income | 0.0597*** (18.48) | 0.0231*** (5.64) | ||
| Gentrification population | 0.0792*** (22.83) | 0.0638*** (14.46) | ||
| Gentrification income and population | 0.0779*** (20.60) | |||
| New | 0.134*** (15.85) | 0.133*** (15.86) | 0.135*** (16.03) | 0.130*** (15.46) |
| Age | 0.000560*** (14.62) | 0.000556*** (14.61) | 0.000569*** (14.93) | 0.000529*** (13.88) |
| Elevator | 0.0318*** (10.37) | 0.0320*** (10.48) | 0.0324*** (10.63) | 0.0325*** (10.62) |
| Floor level | 0.0196*** (25.11) | 0.0193*** (24.91) | 0.0195*** (25.09) | 0.0194*** (24.98) |
| Building stories | 0.000962 (1.58) | 0.000745 (1.23) | 0.000909 (1.50) | 0.000921 (1.51) |
| Living area | 0.0132*** (104.04) | 0.0133*** (104.65) | 0.0133*** (104.77) | 0.0132*** (104.24) |
| Distance to CBD | −0.0754*** (−116.74) | −0.0725*** (−112.38) | −0.0733*** (−111.16) | −0.0735*** (−114.38) |
| Distance subway station | 0.0771*** (116.72) | 0.0742*** (112.34) | 0.0750*** (111.13) | 0.0752*** (114.34) |
| Rooms | 0.0383*** (13.98) | 0.0378*** (13.87) | 0.0380*** (13.92) | 0.0377*** (13.80) |
| Monthly fee | −0.0000689*** (−39.54) | −0.0000682*** (−39.36) | −0.0000686*** (−39.58) | −0.0000675*** (−38.88) |
| Constant | 14.47*** (2255.28) | 14.47*** (2261.91) | 14.46*** (2259.32) | 14.47*** (2261.97) |
| Observations | 23,017 | 23,017 | 23,017 | 23,017 |
| R2 | 0.843 | 0.844 | 0.844 | 0.843 |
| AIC | −16,115.3 | −16,291.7 | −16,321.5 | −16,196.8 |
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| M1 | M1 | M3 | M4 | |
| Gentrification income | 0.0597 | 0.0231 | ||
| Gentrification population | 0.0792 | 0.0638 | ||
| Gentrification income and population | 0.0779 | |||
| New | 0.134 | 0.133 | 0.135 | 0.130 |
| Age | 0.000560 | 0.000556 | 0.000569 | 0.000529 |
| Elevator | 0.0318 | 0.0320 | 0.0324 | 0.0325 |
| Floor level | 0.0196 | 0.0193 | 0.0195 | 0.0194 |
| Building stories | 0.000962 (1.58) | 0.000745 (1.23) | 0.000909 (1.50) | 0.000921 (1.51) |
| Living area | 0.0132 | 0.0133 | 0.0133 | 0.0132 |
| Distance to CBD | −0.0754 | −0.0725 | −0.0733 | −0.0735 |
| Distance subway station | 0.0771 | 0.0742 | 0.0750 | 0.0752 |
| Rooms | 0.0383 | 0.0378 | 0.0380 | 0.0377 |
| Monthly fee | −0.0000689 | −0.0000682 | −0.0000686 | −0.0000675 |
| Constant | 14.47 | 14.47 | 14.46 | 14.47 |
| Observations | 23,017 | 23,017 | 23,017 | 23,017 |
| 0.843 | 0.844 | 0.844 | 0.843 | |
| AIC | −16,115.3 | −16,291.7 | −16,321.5 | −16,196.8 |
Notes:
t statistics in parentheses. ***p < 0.001