Presentation Schedule
The Impact of Human Mobility on the Housing Market: A Case Study of Taipei Metro Area (94024)
Session Chair: Pahurat Kongmuang Taisuwan
This presentation will be live-streamed via Zoom (Online Access)
Friday, 16 May 2025 15:05
Session: Session 4
Room: Live-Stream Room 4
Presentation Type: Live-Stream Presentation
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This study aims to investigate the impact of human mobility on the housing market in Taipei Metro Area. Using the telecommunication mobility data published by the Ministry of the Interior as a reference for population flow, combined with population data for various districts of Taipei Metro Area, the study employed the Ordinary Least Squares (OLS) regression model. The results indicate that human mobility indeed has a significant effect on housing prices. However, after conducting spatial dependence tests, it was found that the basic regression model exhibited spatial dependence. Therefore, further spatial econometric analyses were conducted using the Spatial Lag Model (SLM), the Spatial Error Model (SEM), and the SARAR model to explore the influence of human mobility on the housing market. The empirical results show that both the spatial lag coefficient (ρ) and the spatial error coefficient (λ) were highly significant, indicating that housing prices in Taipei Metro Area are indeed influenced by the prices of nearby properties and by omitted variables. Human mobility also had a significant impact on housing prices. However, only the Spatial Lag Model outperformed the basic model in explanatory power. This discrepancy is due to the instability of neighborhood variables, which caused a decline in the explanatory power of the Spatial Error Model and the SARAR model. Future studies could improve upon this by incorporating more detailed population data and converting both population and mobility data into population and mobility densities for analysis, which might contribute to a better understanding.
Authors:
Kai-Bin Chen, National Taipei University, Taiwan
Ti-Ching Peng, National Taipei University, Taiwan
About the Presenter(s)
Mr. Chen Kai-Bin is a Ph.D. student in the Department of Real Estate and Built Environment at National Taipei University, Taiwan.
See this presentation on the full schedule – Friday Schedule
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