How do we densify and socially integrate our cities? On the efficiency of urban property incentives in the vicinity of mass transit stations

Authors

  • Margarita Greene Pontificia Universidad Católica de Chile. Facultad de Arquitectura, Diseño y Estudios Urbanos. Escuela de Arquitectura, CEDEUS.
  • Rodrigo Mora Universidad Diego Portales (Chile), Escuela de Arquitectura, Arte y Diseño.
  • Natan Waintrub Pontificia Universidad Católica de Chile. Facultad de Ingeniería. Departamento de Ingeniería de Transporte y Logística.
  • Cristhian Figueroa Pontificia Universidad Católica de Chile. Facultad de Arquitectura, Diseño y Estudios Urbanos. Escuela de Arquitectura.
  • Juan de Dios Ortúzar Pontificia Universidad Católica de Chile. Facultad de Ingeniería. Departamento de Ingeniería de Transporte y Logística.

Abstract

Stated choice methods were used to measure the effect of different types of incentives (direct and indirect subsidies, changes in building
regulations and others) in the willingness to build denser and socially integrated residential projects by real estate firms in the vicinity of metro and
bus rapid transit (BRT) stations. A sample of 52 professionals, from building companies and real estate firms, was asked to evaluate a series of urban
scenarios under various incentive schemes; in each case they had to choose whether they would be willing to start a conventional residential
project (i.e. for buyers belonging to the same socio- economic group) or a socially integrated one (i.e. mixing buyers from different groups). Results
show that an aggregate level, only 16% of respondents would be interested in starting new residential projects at those locations. However, the
availability of incentives could have a significant impact in the willingness to initiate higher density projects around the stations and also, but to a
lesser degree, in the willingness to initiate socially mixed residential projects.

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Published

2016-12-31

How to Cite

Greene, M., Mora, R., Waintrub, N., Figueroa, C., & Ortúzar, J. de D. (2016). How do we densify and socially integrate our cities? On the efficiency of urban property incentives in the vicinity of mass transit stations. Revista De La Construcción. Journal of Construction, 15(3), 77–86. Retrieved from https://revistadisena.uc.cl/index.php/RDLC/article/view/12492