英文摘要 |
Traffic condition is one of the main factors affecting real estate prices, and the MRT system is a major construction to improve transportation accessibility. Although there have been many studies on the impact of the MRT on housing prices, however, Taichung City may have different results from previous studies due to the following two conditions. First, there is currently only one MRT line in Taichung, so the improvement in transportation accessibility is limited. On the other hand, its free bus system also changes the impact of the MRT system on housing prices. This study establishes a hedonic price model based on the residential transaction cases of the MRT Green Line passing through the region from 2012 to 2021. We find that the unit price will decrease 0.4% every time the distance between the cases and the MRT station increases by 100 meters. And its effect on house prices is significantly smaller than that on the bus stations. Furthermore, we found that when the bus network is more developed, the MRT line has less effect on housing prices, indicating that the bus system in Taichung will reduce the marginal accessibility improvements of the MRT system. |