影響法拍屋成交價格因素之研究─以原台中市華廈、大樓為例

A Study on the Influence Factors of the Foreclosure Price of the Condominium and the Buildings in Original Taichung City

黃廷元(Ting-Yuan Huang)

指導教授 ： 張詠盛

國立臺中科技大學/商學院/企業管理系碩士班/碩士(2017年)

摘要

台灣經濟已是一個開發中國家，又屬區域型經濟體，易受全球經濟的影響，近年實體經濟不如金融危機前，2015年台灣經濟成長率僅0.85﹪是近六年表現最差，回顧近十幾年房地產，1999年921大地震，房價交易開始低迷不振，2003年發生SARS，經濟轉為負成長，投資客採觀望，自住客因為法拍屋與市價差異大，選擇投入法拍屋，2004年投資客認為有利可圖，亦相繼投入法拍屋市場，2008年金融危機後，初級市場亦開始活絡，房地產屢創新高。本研究利用特徵價格理論（Hedonic Price Theory）進行研究，以原台中市為例，共八個行政區，主要探討影響法拍屋成交價格因素之研究。
經特徵價格理論中的半對數函數及雙對數函數分析後，本研究認為雙對數模型具良好解釋能力，顯示雙對數的模型有較佳的預測能力。本研究結論如下：
一、影響華廈拍定價格最大因素為總底價、投標人數、拍次
二、影響大樓拍定價格最大因素為總底價、投標人數、拍次

關鍵字

特徵價格理論 ； 法拍屋 ； 迴歸分析

並列摘要

Taiwan is already a developing country, and belongs to regional economy that is easily influenced by global. In recent years, the economy has been not as good as before the financial crisis. Taiwan's economic growth rate is only 0.85% in 2015, the worst performance in nearly six years. Looking back over ten years of real estate in Taiwan, the house prices began to slump from earthquake in September 1999 and then suffer SARS in 2003, the economy is negative growth at that time, so investors took the opportunity to wait and see. Since the price gap between auction housing market and existing housing market is too large , residents are interesting in auction housing market. The investors are also joined from 2004 that the primary market is also active and real estate record is higher and higher after financial crisis in 2008. The study is based on hedonic price method and the area is eight administrative regions of Taichung city. We focus on the factors of auction housing market.
After analysis semi-logarithmic function and double-logarithmic function in hedonic price theory, the study found the double-logarithmic model has a good ability to explain theory. It shows the double-logarithmic model with better predictive power. The conclusions of this study are as follows.
1. The influence factors of condominium bidding are the reserve price, bidders and beat times.
2. The influence factors of building bidding are the reserve price, bidders and beat times.

並列關鍵字

Hedonic price theory ； auction housing ； regression analysis

參考文獻

張梅英、鍾陳佳(2002)，住宅法拍屋屬性與拍定價格關係之研究-以台中市12樓以上集合住宅為例，土地問題研究季刊，第1期第2卷，頁12-20。

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