Taiwan does not only have a high population density; its population exhibits a strong preference for high-density downtown living. Rich Taiwanese thus live downtown, not in the suburbs. In addition, the expected negative relationship between accessibility and the spaciousness of housing is weak or non-existent in Taiwan's metropolitan areas. Taiwan should therefore be highly suited to rail transportation investments. In 2007, a new high-speed railroad was inaugurated, connecting seven metropolitan areas. Hedonic estimates show that high-speed rail accessibility has a substantial impact on house prices in at least four of the regions. Interregional downtown-to-downtown commuting time seems to be the most important determinant of success in generating a station-centered price-distance gradient. Neighborhoods around HSR stations in suburban locations are not likely to spawn residential communities for commuters, since most Taiwanese prefer downtown residential locations.
All Science Journal Classification (ASJC) codes
- 環境科學 (全部)
- 社會科學 (全部)