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Water 2018, 10(6), 766; https://doi.org/10.3390/w10060766

The Influences of Sponge City on Property Values in Wuhan, China

1
SF Express Holding, Wuhan 430015, China
2
Department of Water Science Engineering, IHE Delft Institute for Water Education, 2611 AX Delft, The Netherlands
3
Institute for Housing and Urban Development Studies (IHS), Erasmus University Rotterdam, 3000 DR Rotterdam, The Netherlands
4
Department of Integrated Water Systems and Governance, IHE Delft Institute for Water Education, 2611 AX Delft, The Netherlands
*
Author to whom correspondence should be addressed.
Received: 7 May 2018 / Revised: 1 June 2018 / Accepted: 2 June 2018 / Published: 12 June 2018
(This article belongs to the Special Issue Sponge Cities: Emerging Approaches, Challenges and Opportunities)
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Abstract

Rapid urbanization in China and global climate change have increased urban flood exposure in Wuhan, and the increased flood risk has reduced property values in flood-prone areas. The central government of China is promoting the application of the sponge city concept to reduce urban flood risk and improve the environment in cities. Wuhan is one of the pilot cities of this initiative. A shortage of funds is one of the main obstacles to sponge city construction, as is the lack of a suitable business model. To test residents’ willingness to pay for sponge city construction, this research analyzed the impact of sponge city construction on the housing values of areas covered by sponge city interventions. The authors conducted interviews and analyzed secondary data to gauge residents’ awareness and perceptions of sponge city interventions. The results show that more than half of residents in Wuhan are willing to pay for sponge city measures, but the amount they are willing to pay is limited. Residents are more willing to pay for improvements of their living environment than for flood reduction measures. View Full-Text
Keywords: urbanization; flood risk; flood risk management; perceptions of flooding; willingness to pay urbanization; flood risk; flood risk management; perceptions of flooding; willingness to pay
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
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Zhang, S.; Zevenbergen, C.; Rabé, P.; Jiang, Y. The Influences of Sponge City on Property Values in Wuhan, China. Water 2018, 10, 766.

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