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Transcript

The land we have is always changing, changing, changing

Accessibility is always improving, improving, improving

The change between rent and distance

Is not always linear

Pitfalls

We need to remember that

He assumed isotropic plain

Along with monocentric perception

And linearly changing rents

We have Orchard and Shenton Way

Mixing retail and finance

The model doesn’t work

that well,

And we’re here to make it right

No doubt there’s no (trouble trouble)

When he shows us (numbers figures)

He shows us how bids change

As we go further from the central

His model never saw the East

Never had the social factors

He didn’t think of how housing, retail and utilities could combine

Resolution

Alonso Bid Rent Theory

Yeah, yeah, we’ll, keep the price tag and take the cash back

Just gave me random words and a few lines

And we can keep the colours, leave me the circles

And all I, yes, all I need are curves and percentages

And guess what, in different countries there’ll be different trends

Yeah, we leaving across these undefeatable odds

If we use this, you can't have accurate data

We do this for the data, so we check and regulate every time

So we ain't gon' stumble and fall, instead

we’ll replace those straights with squigglys, uh uh

So we gon' keep everyone moving their feet

So bring back the beat and then everyone sing,

Moshi and Handsome

Assumptions

Its all about the money, money, money

How close you are to the traffic, markets, business

How much profit you’d earn

Depending on where you are

It seems like every land’s got a price

I wonder why they cost so high

When convenience comes first and demand comes second

But that’s Alonso’s theory to you

That the closer you are

The more they're gonna bid

The more you gotta pay

You’re paying for how near you are

It was made in 1960s

Made for the urban cities

He compared the distances from the CBD

And plotted some graphs that show

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