The Price Effects of Star School Districts within Property Submarket–Evidence in Taipei City

• Main Authors: HONG, CHIH-MING, 洪志明
• Other Authors: LIN, CHIOU-MIEN
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/25129227070773969538

碩士 === 國立臺北大學 === 不動產與城鄉環境學系 === 99 === Based on past studies, this article tries to understand the situation of how star(merit) school district adding properties value in Taipei City. By using spatial hedonic analysis, as well as submarket concept, we gain a new dimension to explore submarket segmentation in Taipei City. Through housing price cluster within school districts, we find that, within higher and ordinary price areas, having a star school district indeed adds properties price. Meanwhile, those star schools are relatively rare in lower price area, and lack of evidence for pushing up price. Those results can be seen as the reason of why difference occurs in past studies, since pooling all together instead of setting some submarkets may not leads to common conclusion. Finally, mere hedonic analysis may not be sufficient, submarket segmentation is also need to consider while practicing properties appraisal.