Willingness to pay (WTP) for elderly homes in China: A survey in Shanghai and Suzhou, China

نویسندگان

چکیده

With the growing ageing population in China, elderly home development has attracted sizable interest from both real estate developers and institutional investors. Whilst demand is evidenced by demographics, market value of elder remains unknown. This study aims at investigating homes consumer (elderly people)’s willingness-to-pay (WTP) using Contingent Valuation Method (CVM). Over 500 respondents Shanghai Suzhou, participated survey results show that WTP positively associated with consumer's income, education level, residing area while negatively his or her marital status no. children. The finding this helps stakeholders i.e. developer, investor local authority decision-making process when it comes to development.

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ژورنال

عنوان ژورنال: Science Talks

سال: 2023

ISSN: ['2772-5693']

DOI: https://doi.org/10.1016/j.sctalk.2023.100234