Factors Affecting the Price of Cost-Equivalent Land: Application of Hierarchical Linear Modeling

Factors Affecting the Price of Cost-Equivalent Land: Application of Hierarchical Linear Modeling

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This study examined 19 urban Skin Care Masks land consolidation areas in Kaohsiung City, Taiwan, as well as cost-equivalent lands auctioned off from 2013 to 2019.Hierarchical linear modeling was used for analysis, in which the Level 1b variables pertained to cost-equivalent land and the Level 2 variables pertained to land consolidation areas.According to the empirical results, in terms of the estimation results, there were significant differences between the mean price of each urban land consolidation area.Therefore, HLM is suitable for the subsequent analysis.

A total of 76.7% of the differences in the mean land consolidation area price were contributed by the differences between the land Ski de fond - Enfant - Vetements consolidation areas.Therefore, it is important to consider the differences generated by the particular features of each area.