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, Hsiutzu Betty
AU - Chang, Chin Oh
N1 - Publisher Copyright:
© The Author(s) 2017.
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.
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U2 - 10.1177/0739456X17737139
DO - 10.1177/0739456X17737139
M3 - Article
AN - SCOPUS:85060335943
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 -