Table 3.
Neighborhood characteristics[32]
Neighborhoods | Location | Average real estate price (RMB/m 2 ) in 2010 | Development history | Primary land uses |
---|---|---|---|---|
Neighborhood I (Wenlin) |
Within the 1st ring |
13,000 |
Oldest |
Residential, higher education site nearby |
Neighborhood II (Ankang) |
Between the 1st and the 2nd ring |
9,000 |
Newer |
Residential |
Neighborhood III (Shangyuan) | Outside the 2nd ring | 7,500 | Newest | Residential, higher educational institution nearby |