BANGKOK’S URBAN RAIL SYSTEM: AN IMPACT EVALUATION

Urban rail transit remains a topic less explored in a developing country case. This research aims to examine the impact of recent urban rail transit developments on land values in the case of Bangkok, Thailand. A 17-year panel of 24 districts in the Bangkok Metropolitan Region (BMR) is adopted with regression analysis. Insights from the research show that the event of station openings and operations is significant and can generate a premium of 10.2% to land values on average. However, the effects station announcement and construction shows none or relatively little significance in the models.