Bangkok suffered from the world’s worst traffic congestion in the 1990s due to rapidly increasing car ownership, reflecting the economic growth and road-dependent transport policy beginning in the 1960s. Due to its monocentric but scattered urban structure, traffic congestion is severe, causing tremendous economic loss, deteriorating air quality, and badly affecting the quality of life. A historical review reveals that the urban and transport plan and development were not efficiently coordinated, resulting in unorganized suburbanization and progressively more severe traffic congestion. It is important to reveal the impact of the transportation project on the housing market in order to incorporate the policies for transportation and urban development. To define the impact, the OLS hedonic price model and the local multiscale geographically weighted regression (MGWR) model were estimated, along with the condominium sales data. The results revealed that the impact of rail transit on a rise in property value significantly varied across the study area. It was estimated that, for the area along the major rail transit corridor in the city center, a premium of a location 100-m closer to the station would be more than 200 USD per square meter. At the same time, the value would be less than 80 USD for the area along the rail corridor in the suburb. These findings provide policy insights for future urban and railway development, including the proper coordination of rail transit development and urban development with subcenters, transit-oriented development, and improved pedestrian flow around transit stations.
In recent decades, Bangkok has experienced substantial investments in its urban railway network, resulting in a profound transformation of the city’s landscape. This study examines the relationship between railway development and property value uplift, particularly focusing on network centrality, which is closely linked to urban structure. Our findings are based on two primary analyses: network centrality and spatial hedonic models. The network centrality analysis reveals that closeness centrality underscores the city’s prevailing monocentric structure, while the betweenness centrality measure envisions the potential emergence of urban subcenters. In our hedonic analysis of condominiums near railway stations, we formulated various regression models with different specifications, incorporating spatial effects and network centrality. With Bangkok’s predominant monocentric structure in mind, we found that the spatial regression model, including a spatial error specification and closeness centrality, outperforms the others. This suggests that the impact of railways on property values extends beyond station proximity and encompasses network centrality, intricately linked with the city’s urban structure. We applied our developed model to estimate the expected increase in property values at major interchange stations with high network centralities. These numerical values indicate a considerable potential for their evolution into urban subcenters. These insights offer valuable policy recommendations for effectively harnessing transit-related premiums and shaping the future development of both the railway system and the city.
The often-discussed issue of parental escorting of children to school and its potential disruption of traffic flow has been extensively examined in the literature. Still, the specific effects of traffic congestion remain understudied. To fill this gap, this study addresses the impacts of school trips on traffic congestion. An agent-based model is applied to simulate various scenarios and assess their impact. Our findings indicate that the traffic speed without school trips is higher speed during peak hours by around 8% and average travel time in the city is reduced significantly. We examine countermeasures: Firstly, flexible working hours can lead to a morning traffic speed improvement of approximately 1.9%. Secondly, staggered school schedules can result in a 6.9% increase in traffic speed at 7 a.m. Optimizing school loading spaces can also enhance road capacity, mitigating road lane blockages during drop-off and pick-up periods. This research sheds light on the impact of parent-escorting travel existence and offers potential solutions to alleviate traffic congestion.