:::
Trans. Planning Journal
| Title | Property Hedonic Price before and after Taipei MRT Opening |
|---|---|
| Author | Jen-Jia Lin, Chi-Hau Hwang |
| Summary | Since the MRT is a new type of infrastructure in Taiwan, most of the impact studies proceeded without comparisons of situations before the MRT’s opening. The complete before-and-after comparisons still await investigation. This study analzyed the property hedonic price before and after Taipei MRT’s opening. The samples were investigated along the MRT red line for two periods: 1993-1995 AC. (before the MRT’s opening) and 1997-1999 AC. (after MRT’s opening). Multiple regression, Chow test, and fuzzy regression were used to analyze these samples. According to the empirical analysis, we arrived at the following conclusions: First, the hedonic price of floor area, building age, and distance to public facility are all significantly influenced by the MRT’s opening. Second, the effects of the MRT’s opening on hedonic price vary significantly because of the surface type of MRT, the underground type of MRT, the CBD area, the fringe of CBD, the single unit house, the mansion, the location close to MRT station, the commercial area, and the residential area. Third, both of the traditional regression and Tanaka fuzzy regression are useful, but in general, the former is more persuasive than the latter on analyzing hedonic price. The abilities of other fuzzy regression methods still await exploration. |
| Vol. | 32 |
| No. | 4 |
| Page | 777 |
| Year | 2003 |
| Month | 12 |
Count Views:591