以新莊副都心為例探討重劃區屬性對房價的牽動性

Exploring the Influence of Attributes for Readjustment District on Housing Price by Taking Xinzhuang Fuduxin for Example

為瞭解政府重新規劃的都市計畫區是否是影響區域住宅價格影響因素之一，本文嘗試以新北市新莊區為研究對象，利用2022年第一、二季的不動產交易實價登錄資料，以特徵方程式估價法探討影響房價之情況，將成交住宅是否位於或鄰近副都心納入模型設定。本文實證發現若住宅位在副都心，則成交價會相較其他物件約低0.13%~0.63%；反觀非位在副都心住宅方面，鄰近副都心的物件卻會較遠離副都心者高出約11.87%~12%。此外，本文亦發現房屋地點（位在副都心範圍與否）、建物型態、主建物占比、有無車位等特徵變數，將導致截然不同的訂價模式及成交價格。本研究除了提供新莊副都心地區相關實證結果發現，亦可提供規劃中重劃區進一步後續評估討論之參考依據。

In order to understand whether the government's urban readjustment district is one of the important factors affecting regional housing prices, this article tries to focus on the Xinzhuang District from New Taipei City and collects the information of actual registration price for real estate transactions in the first and second quarters of 2022. This study considers whether the residence is located in or adjacent to Xinzhuang Fuduxin into the model specifications of hedonic equation and shows that the transaction price will be approximately 0.13%~0.63% lower than other area if the residence is located in Xinzhuang Fuduxin. On the other hand, in terms of residential properties that are not located in Xinzhuang Fuduxin, the prices of properties near to Xinzhuang Fuduxin are approximately 11.87%~12% higher than those located far away from the Xinzhuang Fuduxin. Moreover, this article finds that the location of the residence inside Xinzhuang Fuduxin, the characteristic of residential buildings will lead to completely different pricing patterns and reflects in transaction prices. This study not only provide the empirical evidences for Xinzhuang Fuduxin, but also be a reference as other readjustment district for further discussion.