The impacts of Mass Rapid Transit (MRT) system on housing prices: The evidence from Taipei City

碩士 === 淡江大學 === 產業經濟學系碩士班 === 99 === After the Financial Crisis, consumers began to worry about inflation and consider real estate is a better and less risky investment target. With the rapid urban development, the transportation cost becomes one of the important conditions of real estate investment...

Full description

Bibliographic Details
Main Authors: Chien-Yu Weng, 翁千喩
Other Authors: Chun-Hung A. Lin
Format: Others
Language:zh-TW
Published: 2011
Online Access:http://ndltd.ncl.edu.tw/handle/26702495401127129817
id ndltd-TW-099TKU05335004
record_format oai_dc
spelling ndltd-TW-099TKU053350042016-04-13T04:17:35Z http://ndltd.ncl.edu.tw/handle/26702495401127129817 The impacts of Mass Rapid Transit (MRT) system on housing prices: The evidence from Taipei City 捷運運輸系統對台北市房屋價格的影響 Chien-Yu Weng 翁千喩 碩士 淡江大學 產業經濟學系碩士班 99 After the Financial Crisis, consumers began to worry about inflation and consider real estate is a better and less risky investment target. With the rapid urban development, the transportation cost becomes one of the important conditions of real estate investment in Taipei City. For this reason, this study focuses on the effects of Mass Rapid Transit (MRT) system on housing price in Taipei City. This study employs the data from Dept. of Land Administration (M.O.I ) housing price during 2000 to 2010 to examine the impact of MRT system on metropolitan housing prices in different locations. First we apply a hedonic price method and take official housing transaction records in Taipei as a case study. Second, using a spatial econometric method — SAR to estimate the spillover effect of housing prices among the Taipei’s 12 districts. Finally, we estimate the housing price change before and after the Neihu Line opened in 2009. Empirical results show that: First, the distance to the MRT station have significant negative impacts on housing price. Second, through the spatial method — SAR, we find a positive spillover effect of housing prices across the districts. Thirdly, using the difference-in-difference method, the opening of Neihu Line has made the housing prices more sensitive to the MRT station along the Line. Chun-Hung A. Lin 林俊宏 2011 學位論文 ; thesis 46 zh-TW
collection NDLTD
language zh-TW
format Others
sources NDLTD
description 碩士 === 淡江大學 === 產業經濟學系碩士班 === 99 === After the Financial Crisis, consumers began to worry about inflation and consider real estate is a better and less risky investment target. With the rapid urban development, the transportation cost becomes one of the important conditions of real estate investment in Taipei City. For this reason, this study focuses on the effects of Mass Rapid Transit (MRT) system on housing price in Taipei City. This study employs the data from Dept. of Land Administration (M.O.I ) housing price during 2000 to 2010 to examine the impact of MRT system on metropolitan housing prices in different locations. First we apply a hedonic price method and take official housing transaction records in Taipei as a case study. Second, using a spatial econometric method — SAR to estimate the spillover effect of housing prices among the Taipei’s 12 districts. Finally, we estimate the housing price change before and after the Neihu Line opened in 2009. Empirical results show that: First, the distance to the MRT station have significant negative impacts on housing price. Second, through the spatial method — SAR, we find a positive spillover effect of housing prices across the districts. Thirdly, using the difference-in-difference method, the opening of Neihu Line has made the housing prices more sensitive to the MRT station along the Line.
author2 Chun-Hung A. Lin
author_facet Chun-Hung A. Lin
Chien-Yu Weng
翁千喩
author Chien-Yu Weng
翁千喩
spellingShingle Chien-Yu Weng
翁千喩
The impacts of Mass Rapid Transit (MRT) system on housing prices: The evidence from Taipei City
author_sort Chien-Yu Weng
title The impacts of Mass Rapid Transit (MRT) system on housing prices: The evidence from Taipei City
title_short The impacts of Mass Rapid Transit (MRT) system on housing prices: The evidence from Taipei City
title_full The impacts of Mass Rapid Transit (MRT) system on housing prices: The evidence from Taipei City
title_fullStr The impacts of Mass Rapid Transit (MRT) system on housing prices: The evidence from Taipei City
title_full_unstemmed The impacts of Mass Rapid Transit (MRT) system on housing prices: The evidence from Taipei City
title_sort impacts of mass rapid transit (mrt) system on housing prices: the evidence from taipei city
publishDate 2011
url http://ndltd.ncl.edu.tw/handle/26702495401127129817
work_keys_str_mv AT chienyuweng theimpactsofmassrapidtransitmrtsystemonhousingpricestheevidencefromtaipeicity
AT wēngqiānyù theimpactsofmassrapidtransitmrtsystemonhousingpricestheevidencefromtaipeicity
AT chienyuweng jiéyùnyùnshūxìtǒngduìtáiběishìfángwūjiàgédeyǐngxiǎng
AT wēngqiānyù jiéyùnyùnshūxìtǒngduìtáiběishìfángwūjiàgédeyǐngxiǎng
AT chienyuweng impactsofmassrapidtransitmrtsystemonhousingpricestheevidencefromtaipeicity
AT wēngqiānyù impactsofmassrapidtransitmrtsystemonhousingpricestheevidencefromtaipeicity
_version_ 1718223143345061888