建设粤港澳大湾区已然成为我国今后一段时间的重大战略举措，对澳门自身发展和区域融合均会产生极为深刻的影响。作为经济活动的重要载体，土地市场将在粤港澳大湾区建设中发挥重要的作用。然而，当前澳门学界对粤港澳大湾区各个城市的土地市场，特别是土地要素价格的梳理、比较和研究相当匮乏。本文首先提出了一个基于特征定价模型法（HedonicPricingModel）的计算地价指数框架。随后，基于现有的资料，本文应用该框架计算和比较了2011～2015年粤港澳大湾区广东城市群土地价格指数和澳门地区的地价指数。在此基础上，本文进一步抛砖引玉，提出若干关于土地市场的政策意见以供思考。
Constructing the Guangdong-Hong Kong-Macau Bay Area has become a major strategic initiative of China for a foreseeable period of time，which will bring profound effects to both the development of Macau itself and regional integration. As a fundamental production factor for the economy，the land market will undoubtedly play a crucial role in the construction of the Bay Area. However，there are very few academic studies on the land market in the Bay Area，especially on the calculation on elements constructing land prices and comparison across the cities in the area. This article firstly proposes a land price index framework based on the Hedonic Pricing Model. By using existing information，the framework is applied to calculate the land price indices in the nine cities in Guangdong Province within the Bay Area and the territory of Macau between 2011 and 2015. The indices are further compared and several policy suggestions are proposed for discussions.
