The Impact of Shopping Malls on Surrounding Housing Prices: Evidence from Beijing, China

This study investigates the impact of shopping malls on the price of residential housing in the neighborhood, focusing on how the distance of shopping malls to residential housing affects the price of housing. This study uses statistical regression analysis via STATA 17 data from six selected urban districts and finds that housing prices of neighborhoods with higher accessibility to shopping malls and convenience stores improve significantly. The findings reveal that proximity to shopping centers significantly increases housing values, with homes closer to these centers becoming more expensive, primarily due to increased accessibility and improved amenities. It was also established that the quality of school districts has a significant effect on House prices, especially in high-demand income areas. Subsequently, neighborhoods in top-ranked districts possess higher prices because of the value that families attribute to educational assets. Further studies should generalize the research area, use wider sets of control variables, and make use of long-run models to reflect the dynamic tendencies of housing price changes.