Abstract
The impact of new real estate developments is strongly associated with its target population distribution, that is, the characteristics that define a population such as composition of household, income, and socio-demographics, conditioned on characteristics of the development itself, such as dwelling typology, price, location, and floor level. This paper presents a machine learning-based method to model the population distribution of upcoming developments of new buildings within larger neighborhood/condo settings. We use a real data set from Ecopark Township, a real estate development project in Hanoi, Vietnam and study two machine learning algorithms from the deep generative models literature to create a population of synthetic agents: conditional variational auto-encoder (CVAE) and conditional generative adversarial networks (CGAN). A large experimental study was performed, showing that the CVAE outperforms both the empirical distribution, a non-trivial baseline model, and the CGAN in estimating the population distribution of new real estate development projects.
Original language | English |
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Journal | Neural Computing and Applications |
Volume | 34 |
Pages (from-to) | 4677–4692 |
Number of pages | 16 |
ISSN | 0941-0643 |
DOIs | |
Publication status | Published - 2022 |
Keywords
- Deep generative models
- Neural networks
- Population synthesis
- Real estate
- Urban resident modeling