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The Impact of Administrative Characteristics and Residential Types on Income Capitalization Rates in Taipei, Taiwan

Listed author(s):
  • Chun-Chang Lee

    (Department of Real Estate Management, National Pingtung University, Mingsheng East Road, Pingtung, Taiwan)

  • Hsueh-Ling Fan

    (Department of Real Estate Management, National Pingtung University, Mingsheng East Road, Pingtung, Taiwan)

Registered author(s):

    This paper examines several factors that impact income capitalization rates, and applies the hierarchical linear model as an analytical method. The empirical results suggest that: (1) the average income capitalization rates in different administrative areas of Taipei vary widely; (2) differences in attributes and types of residential properties have a significant impact on income capitalization rates; (3) the influence coefficients in different administrative areas show significant variation; (4) population density has a significantly negative impact on an income capitalization rate and (5) the proportion of commercial property in a given district has a significantly positive impact on income capitalization rate.

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    Article provided by Asian Economic and Social Society in its journal Asian Economic and Financial Review.

    Volume (Year): 6 (2016)
    Issue (Month): 10 (October)
    Pages: 602-619

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    Handle: RePEc:asi:aeafrj:2016:p:602-619
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