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Using a matching approach in New Taipei City’s real estate market
Thesis

Using a matching approach in New Taipei City’s real estate market

Liu, Wei Chi
Masters, 國立清華大學, 計量財務金融學系
2015

Abstract

實價登錄 特徵價格法 大量估價 配對方法 不動產估價 Actual price registration Hedonic price function Mass appraisal Matching approach Real estate appraisal
Abstract Taiwan’s government urged the actual price registration online since August 2012. Though the registered prices are historical records which can provide some information, it still lacks of the views for market value. Hedonic price function is the most commonly used method in mass appraisal; however, it could cause bias if there is any misspecification in function form. Lacking of data in Taiwan, it is hardly to apply the repeat sales approach. We use a matching approach to capture time factor of housing price in New Taipei City. Unlike repeat sales approach, the matching approach we utilize can maintain a reasonable sample size and provide a better estimate of housing prices.

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