Determination of Residential Land Price using Regression Model
in Nghi Tan Ward, Cua Lo Town, Nghe An Province
Authors: Pham Thi Ha, Nguyen Van Quan, Nguyen Van Trung
Vietnam Journal of Agricultural Sciences
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Publishing year: 8/2021
The objective of this study is to build a regression model for application in determination of residential land price
close to the market price. Determination of residential land price is an important tool to solve the problems of land
price management, land financial management. Therefore, land management in general and land price management
in particular, the determination of residential land price is always the top concern. This study used the method of land
valuation using the regression model to determine the price of residential land in the study area; to help determine
the land price close to the market price for an entire area or an area quickly and relatively accurately. 200 samples
were collected in Nghi Tan ward, Cua Lo Town, Nghe An province to build a regression model of residential land
price. From the regression model, a series of residential land prices were determined, thereby a map of land prices in
market prices was constructed to serve the development of land price policies and the state management of
land prices
Keywords: Residential land price, Regression model, Determination of land price, Nghi Tan ward.