Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220173
Title: USEFULNESS OF ACCURATE HOUSING TRANSACTION DATA: APPLICATION ON HOUSING AFFORDABILITY AND COMMERCIAL ZONING IN TAIWAN
Authors: TANG WEI CHEN
Keywords: Real Estate
RE
Liao Wen Chi
2014/2015 RE
Issue Date: 7-May-2015
Citation: TANG WEI CHEN (2015-05-07). USEFULNESS OF ACCURATE HOUSING TRANSACTION DATA: APPLICATION ON HOUSING AFFORDABILITY AND COMMERCIAL ZONING IN TAIWAN. ScholarBank@NUS Repository.
Abstract: Housing transaction data is prevalent and readily available in many countries and cosmopolitan cities around the world. However, unlike Singapore, Taiwan has only started its own government managed database system on 1st August 2012. The system, known as Actual Price Transaction Database (APTD), requires lawyers and municipal authorities to record all housing transactions within 30 days of completed transaction by law. This paper is the first attempt in academic field to collect and consolidate the governmental data and to demonstrate the usefulness of accurate housing data. Two examples will be used to demonstrate the application of an accurate database. Firstly, the construction of housing affordability index for major cities of Taiwan and secondly, to study commercial values for properties in residential zone with the incidence of Shi Da Night Market of Taipei. Price-to-Income ratio (PIR) was used as the basis of the index. Six main cities of Taiwan were selected. Namely, Taipei City; New Taipei City; Taoyuan County; Taichung City; Tainan City and Kaohsiung City. These cities have an average PIR of 5.25 with Taipei having the highest housing cost of 11.19 while Tainan has the lowest cost of 2.39. The study on commercial values for properties in the residential zones from the incidence of Shi Da Night Market has showed a significant result. Difference-in-difference-in-differences (DDD) were carried out to find out the impact of government regulation. The interaction between residential zone, properties with commercial activities and government regulation showed that the regulation had significantly resulted in a 31.8% of fall in property prices with commercial activities in the region of Shi Da Night Market.
URI: https://scholarbank.nus.edu.sg/handle/10635/220173
Appears in Collections:Bachelor's Theses

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