Influence of Chengdu Line 13 Opening on Housing Price in East New District

With the opening of Chengdu Line 13, the house price in the East New District will increase. It has become common sense that the subway can drive the housing prices along the line to rise. House prices are affected by many factors, such as location, property, living environment and surrounding facilities. Moreover, the house price itself is dynamic, so it is difficult to examine the impact of the subway alone. Subway has not only spillover effect on house prices, but also siphon effect. The research shows that the subway can increase the house price within 4.2 kilometers of xiamen metro Station, but it can restrain the house price beyond 4.2 kilometers, which is influenced by various economic activities gathered in the subway station.