According ends at Demaozhuang which is in the

According to Deng and Nelson (2010), South
Axis BRT Line 1 commenced commercial operation in December 2004 with a pilot
phase of 5.5 km long in the first phase. In December 2005, the BRT Line 1 began
operation across the board, extending to 16.5 kilometers. The route starts at Qianmen
(city center) and ends at Demaozhuang which is in the southern neighborhood,
passing 17 stations. It incorporates many features of the Light Rail Transit,
dedicated bus lanes, modern vehicles, enhanced stations, off-board charges and
various ITS tools (Deng & Nelson, 2010). The specific goal of the BRT
system is to meet the growing demand for travel and to provide faster and more
reliable options for passengers from downtown to the south. This rubber tire
transport system has achieved nearly 40% reduction in travel time.

       The
rapid growth of the previously owned apartment market in Beijing marked the
period from 2003 to 2009. In spite of this, the proximity of BRT seems to have
an additional positive impact on housing prices. Statistical analysis according
to Deng and Nelson (2013) shows that the transport convenience provided by BRT
is capitalized into higher real estate prices. The capitalization effect, which
occurred mainly after the BRT was fully operational, became more pronounced
over time, especially in areas where the subway system lacks mobility. The
result also means that the positive impact of BRT on the rise in real estate
values is more pronounced over time. From 2004 to 2009, the average value of
residential properties in the vicinity of express bus stations grew faster which
was up to 2.3% per annum than the average of non-bus services. These findings
support the view that an increase in accessibility, rather than the type of
transit system, is a more important reason for land development (Deng, Ma &
Nelson, 2016).

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