The Impact of Shopping Malls on Surrounding Housing Prices: Evidence from Beijing, China

Yixuan He

doi:10.54254/2754-1169/2025.CAU27161

Advances in Economics, Management and Political SciencesOpen access

The Impact of Shopping Malls on Surrounding Housing Prices: Evidence from Beijing, China

Research Article

Open Access

The Impact of Shopping Malls on Surrounding Housing Prices: Evidence from Beijing, China

Yixuan He ^1*

¹ BDA School of The High School Affiliated to Renmin University of China

^*Corresponding author: 1353690955@qq.com

Published on 24 September 2025

AEMPS Vol.218

ISSN (Print): 2754-1177

ISSN (Online): 2754-1169

ISBN (Print): 978-1-80590-385-7

ISBN (Online): 978-1-80590-386-4

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Abstract

This study investigates the impact of shopping malls on the price of residential housing in the neighborhood, focusing on how the distance of shopping malls to residential housing affects the price of housing. This study uses statistical regression analysis via STATA 17 data from six selected urban districts and finds that housing prices of neighborhoods with higher accessibility to shopping malls and convenience stores improve significantly. The findings reveal that proximity to shopping centers significantly increases housing values, with homes closer to these centers becoming more expensive, primarily due to increased accessibility and improved amenities. It was also established that the quality of school districts has a significant effect on House prices, especially in high-demand income areas. Subsequently, neighborhoods in top-ranked districts possess higher prices because of the value that families attribute to educational assets. Further studies should generalize the research area, use wider sets of control variables, and make use of long-run models to reflect the dynamic tendencies of housing price changes.

Keywords:

Shopping malls, housing prices, school rank, house age, distance

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References

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[3]. Dávila, A. (2016). El Mall: The Spatial and Class Politics of Shopping Malls in Latin America. University of California Press. https: //doi.org/10.1525/9780520961920.

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[6]. Wang, R., & Hou, J. (2021). Land finance, land attracting investment and housing price fluctuations in China. International Review of Economics & Finance, 72, 690-699.

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References

[2]. Whitehand, J.W.R., Dawson, J.A., & Lord, J.D. (1986). Shopping Centre Development: Policies and Prospects. The Geographical Journal, 152(1), 110-111. https: //doi.org/10.2307/632973.

[3]. Dávila, A. (2016). El Mall: The Spatial and Class Politics of Shopping Malls in Latin America. University of California Press. https: //doi.org/10.1525/9780520961920.

[5]. Liu, C., Zheng, Y., Zhao, Q., & Wang, C. (2020). Financial stability and real estate price fluctuation in China. Physica A: Statistical Mechanics and its Applications, 540, 122980.

[6]. Wang, R., & Hou, J. (2021). Land finance, land attracting investment and housing price fluctuations in China. International Review of Economics & Finance, 72, 690-699.

[7]. Gruen, V. (1964). The Heart of Our Cities. Simon and Schuster.

[8]. ICSC. (2009). Shopping Center Definitions. https: //incorporacaoimobiliaria.com/wp-content/uploads/2009/09/scdefinitions99.pdf

[12]. Yilmaz, V. 2004. “Consumer Behavior in Shopping Center Choice.” Social Behavior and Personality: An International Journal 32 (8): 783–90. https: //doi.org/10.2224/sbp.2004.32.8.783.

Cite this article

He,Y. (2025). The Impact of Shopping Malls on Surrounding Housing Prices: Evidence from Beijing, China. Advances in Economics, Management and Political Sciences,218,30-37.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

About volume

Volume title: Proceedings of ICEMGD 2025 Symposium: Resilient Business Strategies in Global Markets

ISBN: 978-1-80590-385-7(Print) / 978-1-80590-386-4(Online)

Editor: Florian Marcel Nuţă Nuţă, Li Chai

Conference website: https://2025.icemgd.org/CAU.htm

Conference date: 20 September 2025

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.218

ISSN: 2754-1169(Print) / 2754-1177(Online)

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