House Prices in the Peripheries of Mass Rapid Transit Stations Using the Contingent Valuation Method

文化大學機構典藏 CCUR > 環境規劃暨生物資源學院 > 環境設計學院 > 建築及都市設計學系所 > 期刊論文 > Item 987654321/48831

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题名:	House Prices in the Peripheries of Mass Rapid Transit Stations Using the Contingent Valuation Method
作者:	Hsu, KC (Hsu, Kuo-Cheng)
贡献者:	都計系
关键词:	growth management sustainable development transit-oriented development housing price contingent valuation method
日期:	2020-10
上传时间:	2020-11-24 15:19:42 (UTC+8)
摘要:	With the implementation of growth management planning in urban areas and the realization of sustainable development visions, transit-oriented development has become a form of mainstream urban development. Relevant studies have verified that the market prices of houses in the peripheries of public transit stations are higher than those of regular houses. However, when buying a house, people make price decisions on the basis of their levels of identification with the amenities and environmental qualities of residential locations. The question arises whether current housing price levels in the peripheries of public transit stations properly reflect or over-reflect this consideration. To clarify this, this study selected the peripheries of mass rapid transit (MRT) stations in the Taipei metropolitan area in Taiwan as the research area and designed a willingness-to-pay questionnaire for houses in the peripheries of MRT stations by using the contingent valuation method. Subsequently, a Tobit regression model was established to estimate the prices that people are willing to pay for such houses. The results revealed that after the respondents had considered the advantages and disadvantages of the amenities and environmental qualities of the peripheries of MRT stations, they were willing to pay higher prices for a house in those areas than for a regular house. For houses in the peripheries of elevated stations, the respondents were willing to pay approximately 7.89% more than the average market price of the entire administrative district per square meter. For houses in the peripheries of underground stations, the respondents were willing to pay approximately 5.9% more than the average market price of the entire administrative district per square meter. However, in the peripheries of both elevated and underground stations, the current market house prices are higher than the price levels the respondents were willing to pay. In the peripheries of elevated stations, the market house prices are 33.55% higher, and those in the peripheries of underground stations are 14.82% higher than what the respondents were willing to pay.
關聯:	SUSTAINABILITY 卷冊: 12 期: 20 文獻號碼: 8701
显示于类别:	[建築及都市設計學系所] 期刊論文

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