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 | |
| Publication status | Published - 2019 Jun 1 |
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All Science Journal Classification (ASJC) codes
- Geography, Planning and Development
- Development
- Urban Studies
Cite this
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Commodification of Development Rights and What It Does to the Urban Housing Market in Taiwan. / Shih, Mi; Chiang, Ying Hui; Chang, Hsiu-Tzu; Chang, Chin Oh.
In: Journal of Planning Education and Research, Vol. 39, No. 2, 01.06.2019, p. 194-205.Research output: Contribution to journal › Article
TY - JOUR
T1 - Commodification of Development Rights and What It Does to the Urban Housing Market in Taiwan
AU - Shih, Mi
AU - Chiang, Ying Hui
AU - Chang, Hsiu-Tzu
AU - Chang, Chin Oh
PY - 2019/6/1
Y1 - 2019/6/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=85060335943&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85060335943&partnerID=8YFLogxK
U2 - 10.1177/0739456X17737139
DO - 10.1177/0739456X17737139
M3 - Article
VL - 39
SP - 194
EP - 205
JO - Journal of Planning Education and Research
JF - Journal of Planning Education and Research
SN - 0739-456X
IS - 2
ER -