TY - JFULL AU - Taotao Deng and John D. Nelson PY - 2010/7/ TI - The Impact of Bus Rapid Transit on Land Development: A Case Study of Beijing, China T2 - International Journal of Humanities and Social Sciences SP - 1168 EP - 1179 VL - 4 SN - 1307-6892 UR - https://publications.waset.org/pdf/14464 PU - World Academy of Science, Engineering and Technology NX - Open Science Index 42, 2010 N2 - Bus Rapid Transit (BRT) has emerged as a cost-effective transport system for urban mobility. However its ability to stimulate land development remains largely unexplored. The study makes use of qualitative (interview method) and quantitative analysis (questionnaire survey and longitudinal analysis of property data) to investigate land development impact resulting from BRT in Beijing, China. The empirical analysis suggests that BRT has a positive impact on the residential and commercial property attractiveness along the busway corridor. The statistical analysis suggests that accessibility advantage conferred by BRT is capitalized into higher property price. The average price of apartments adjacent to a BRT station has gained a relatively faster increase than those not served by the BRT system. The capitalization effect mostly occurs after the full operation of BRT, and is more evident over time and particularly observed in areas which previously lack alternative mobility opportunity. ER -