Developing a housing model based on the status-quality trade-off theory
- Start date: 1 September 2015
- End date: 1 September 2016
- Primary investigator: Professor Paul Chatterton
Housing in Hanoi city has transformed from a social service into goods in the market following the introduction of the Doi Moi (renovation) policy, which started in 1986. As a result, the segmentation of the nascent market in the capital city of 7 million residents poses complex problems for an equitable provision of housing environment to different income groups.
A model of urban housing based on the interaction between the tangible and intangible attributes - the so-called status quality trade-off theory (SQTO) - seems to be able to achieve important results in price estimation using hedonic price index techniques with the emphasis placed on status-related elements.
A survey of 1000 households within the core city of Hanoi has initially shown the potentials of using SQTO as a tool for successful analysis of the house price dynamics and its spatial manifestation.
Grant reference: NG150097