Commodification of Development Rights and What It Does to the Urban Housing Market in Taiwan

Mi Shih; Ying Hui Chiang; Hsiutzu Betty Chang; Chin Oh Chang

doi:10.1177/0739456X17737139

Commodification of Development Rights and What It Does to the Urban Housing Market in Taiwan

Mi Shih, Ying Hui Chiang, Hsiutzu Betty Chang, Chin Oh Chang

Department of Urban Planning

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

The enactment of the transfer of development rights (TDR) policy in Taiwan since the late 1990s is part of a broader trend of commodification and deregulation of development rights. This study examines the spillover effect of TDR on the sale prices of existing housing stock that constitutes the main housing market for the majority of urban residents. Three hedonic models, ordinary least squares (OLS) regression, quantile regression, and spatial lag regression, show that the presence of TDR utilization in real estate development is a significant price driver that generates a financial burden that disproportionally affects poor families.

Original language	English
Pages (from-to)	194-205
Number of pages	12
Journal	Journal of Planning Education and Research
Volume	39
Issue number	2
DOIs	https://doi.org/10.1177/0739456X17737139
Publication status	Published - 2019 Jun 1

All Science Journal Classification (ASJC) codes

Geography, Planning and Development
Development
Urban Studies

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