Feng Shui and its impacts on land and property developments

Although there are many variables affecting the housing price of an area, o nly three significant independent variables ("Feng Shui," "Accessibility," and "Building Age") are studied in this paper. It is found that the correla tion between "Feng Shui" and "Housing Price" is the highest, yielding a reg ression coefficient of 0.95. The one between "Feng Shui" and "Building Age" is -0.699. It implies that areas with better Feng Shui have more new house s. The propensity to build is high. Among these three independent variables , it is very interesting to discover that Feng Shui is a determining factor in relation to the dependent variable of "Housing Price." Feng Shui may be controversial. Its theories are still contentious. However, Chinese cultur e plays a very important role in housing prices, and in the villages, it de termines the values and beliefs that dictate expectations as well as respon ses to those prices.