The Impact of Taiwan MRT System on Housing Prices

• Main Authors: SHIH, JUI-FAN, 石睿凡
• Other Authors: KENG, SHAO-HSUN
• Format: Others
• Language: en_US
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/x2tc5c

碩士 === 國立高雄大學 === 國際企業管理碩士學位學程 === 106 === MRT system has become one of the most important transportation in Taipei and Kaohsiung. Many studies have showed that when the distance to public transportation increases, the housing prices decline. While most earlier studies only focus on the housing prices in one city or one transportation line and estimate the whole MRT lines in Taipei and Kaohsiung as well as comparing the difference of these two cities by using linear regression analysis. The results indicate that when the distance to MRT station increases by 1 km, the housing prices decrease by $NT290,650 per ping. When the distance to MRT station is within 3 km, the housing prices decrease by $NT230,870 if the distance to MRT station increases by 1 km. Meanwhile, the relationship to housing prices and distance is a U shape. The results also show that the distance to the MRT system in Taipei has greater impact on housing prices than Kaohsiung.