Does high-speed rail accessibility influence residential property prices? Hedonic estimates from southern Taiwan

David Emanuel Andersson, Oliver F. Shyr, Johnson Fu

研究成果: Article

83 引文 斯高帕斯(Scopus)

摘要

A new high-speed railway line (HSR) connects seven metropolitan areas in Taiwan. From Tainan, it is possible to reach Kaohsiung, Chiayi and Taichung in less than one hour, implying an enlarged spatial range of feasible commuting opportunities. The implicit price of HSR accessibility is estimated using hedonic price functions for the residential property market. The results of pre-specified and Box-Cox hedonic price functions are compared. The estimated functions show that HSR accessibility has at most a minor effect on house prices. High ticket prices and entrenched residential location patterns prevent otherwise feasible daily commuting opportunities between Tainan and other cities.

原文English
頁(從 - 到)166-174
頁數9
期刊Journal of Transport Geography
18
發行號1
DOIs
出版狀態Published - 2010 一月 1

    指紋

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Transportation
  • Environmental Science(all)

引用此