Impact of " Star " Middle School Districts and Lenghth of School Commute on Real Estate Price: A Study of Taipei’s Da-an District
Date Issued
2014
Date
2014
Author(s)
Chien, Su-Ching
Abstract
This study is to discuss how the length between "Star Middle School" and house impact the real estate price. The empirical research samples are 397 transactions from 2011 Q2 to 2012 Q3 in Da-an District of Taipei City according to the real estate transaction database website of Department of Land Administration, the Ministry of the Interior. The "Star Junior High Schools" are defined as "First-full Schools" and "Second-full Schools" declared by Department of Education, Taipei City Government according to the junior high school freshman registration situation, and the "Non-star Schools" are defined as "Non-full schools". The "Distance" is defined as the straight distance, walking distance, walking time, distance by public transport, time by public transport, distance by driving, and time by driving between the real estates and the schools, measuring by Google Map.
The variables of this study are divided to "environmental control variables" and "independent variables" in two parts. The environmental control variables include the numbers of street blocks, widths of the lane, street relationships, usage categories, structure types, ages, floors, land zones, land areas, house areas, and the distances to MRT station. The environmental control variables are not further studied. The independent variables include three distance factors, which are straight distance, walking distance, and walking time, and "Star Junior High School Districts".
The research framework adopted two hierarchical regressions. The first is to analyze "environmental control variables". The second is to analyze the "Star Junior High School Districts" with three distance factors. The dependent variables are the total amount and the unit price of real estate. In summary, through the Multiple Linear Regression Analysis, the analysis summed up the price effect of the distance between Star School Districts and the real estates.
The empirical results show that the coefficients of the Star School District are different to the assumptions, which means the Star School Districts in Daan District of Taipei City have no positive price effect. The reason might be that the life functions, transportation construction, location, humanistic quality in Daan District are all the best in the country. It means the Daan District is a big Star School District, so the independent variables do not apply in Daan District.
To the total amounts, the effect of distance factors are estimated as follows: 1) the straight distance increases 1 meter, the total amount reduces about NT$20,000; 2) the walking distance increases 1 meter, the total amount reduces about NT$18,300; 3) the walking time increases 1 minute, the total amount reduces about NT$1.2 million. To the unit price, the effect of distance factors are estimated as follows: 1) the straight distance increases 1 meter, the price per ping reduces about NT$400; 2) the walking distance increases 1 meter, the price per ping reduces about NT$300; 3) the walking time increases 1 minute, the price per ping reduces about NT$20,000.
Subjects
明星國中學區
到校距離
Google Map
特徵價格法、房地產價格
SDGs
Type
thesis
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