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NAKHARA (Journal of Environmental Design and Planning)
Hedonic pricing; ecosystem services; WSUD; urban liveability; urban green design
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A Hedonic Pricing Approach To Value Ecosystem Services Provided By Water Sensitive Urban Design: Comparison Of Geelong, Australia And Singapore, Kim Irvine, Bing Han Choy, Lloyd Hc Chua, Jarrod Gaut, Huu Loc Ho, Nij Tontisirin
A Hedonic Pricing Approach To Value Ecosystem Services Provided By Water Sensitive Urban Design: Comparison Of Geelong, Australia And Singapore, Kim Irvine, Bing Han Choy, Lloyd Hc Chua, Jarrod Gaut, Huu Loc Ho, Nij Tontisirin
NAKHARA (Journal of Environmental Design and Planning)
Water Sensitive Urban Design (WSUD) features are increasingly used for urban water management, green urban design, and improved community liveability, but relatively less data are available on the ecosystem services that WSUD provides. We used hedonic pricing, supported by qualitative surveys, in Geelong, Australia and Singapore, to evaluate benefits related to large WSUD features. For both locations there was a significant (α=0.05) inverse relationship between the sales price of a residence and distance to the WSUD features. Qualitative surveys corroborated the hedonic pricing analysis, as a majority of people appreciated benefits accrued from living near WSUD features.