This study is to examine an impact of infrastructure investment on change of land values, particularly public road transportation in urban areas. Based on principles of the land rent theory, developed by Alonso (1964) and Muth (1969), this paper carried out a survey of land users who use plots of land or own residential property in several new urban areas in Hanoi -Vietnam, as a case study. Our findings reveal that Centre distance, Mobility timing and Development opportunity have positive impact on land values, while Land use changes and Accessible amenity have no influence. |
