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

Research output: Contribution to journalArticlepeer-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 languageEnglish
Pages (from-to)194-205
Number of pages12
JournalJournal of Planning Education and Research
Volume39
Issue number2
DOIs
Publication statusPublished - 2019 Jun 1

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Development
  • Urban Studies

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