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題名:不同估價方法之權重分析與模式建立--地價基準地之探討
書刊名:臺灣土地研究
作者:游適銘張金鶚 引用關係
作者(外文):You, Shih-mingChang, Chin-oh
出版日期:2010
卷期:13:2
頁次:頁1-29
主題關鍵詞:不動產估價估價方法權重協調關聯Real estate appraisalApproach weightReconciliationCorrelation
原始連結:連回原系統網址new window
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  • 被引用次數被引用次數:期刊(2) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:1
  • 共同引用共同引用:35
  • 點閱點閱:196
不動產估價一般須兼採三種以上方法,因不同方法估值不同,需求取不同估值之關聯,協調其差異以決定最終估值。為了瞭解比較估值、收益估值與土地開發分析估值之關聯,本文將三種估價方式權重建立聯立模型,以3SLS進行估計。實證模型系統加權解釋力達95%以上,顯示三種方式間之權重配適度良好,且三種方 式權重之自變數多符合預期並顯著,顯見三種方式之關聯性。隨機抽取90%推估樣本外10%之權重結果,三種方式權重之MAPE介於4%至11 %之間,於20%範圍內之Hit-Rate介於87%至96%之間,顯示良好之預測成效,且以比較方式最佳。各種方法估價過程考慮因子所產生之迴歸係數,可作為估價人員應用加權平均方式協調估值結論之參考,使估價更客觀及科學化。
Real estate appraisal generally requires three approaches to value. Since the value indication of different real estate approach differs, reconciliation should be made and correlated into a value conclusion. In order to realize the weights correlation among the sales comparison value, income capitalization value and land development analysis value, this paper build a model based on the three-stage least squares method simultaneous equation (3SLS). The empirical results shows system weighted R2 exceeds 95%, which means the model fit is good and how the weights of three methods correlate. The signs of most exogenous variables on the weights of three indication of value meet expectation and are significant. After forecasting 10% validation samples modeled by 90% samples randomly surveyed, the MAPE of weights of three methods is from 4% to 11 %, while the Hit rate is from 87% to 96%. The sales comparison method presents the best forecasting outcome. The regression coefficients estimated from factors during the procedure of each approach could serve for reference if weighted average is applied reconciling the value conclusion by valuers and could make appraisal more objective and scientific.
期刊論文
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26.Anglin, P. M., R. C. Rutherford, and T. M. Springer(2003)。The Trade-off Between the Selling Price of Residential Properties and Time-on-the-Market: The Impact of Price Setting。Journal of Real Estate Finance and Economics,26 (1),95-111。  new window
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28.Blauvelt, D. G.(1978)。Correlation: What’s that?。The Real Estate Appraiser,5,21-22。  new window
29.Colwell, F. P., R. E. Cannaday, and C. C. Wu,(1983)。The Analytical Foundations of Adjustment Grid Methods。Real Estate Economics,11 (1),11-29。  new window
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31.Galleshaw, M.(1992)。Appropriate Uses of Economic Characteristics in the Sales Comparison Approach。The Appraisal Journal,60 (1),91-99。  new window
32.Hagood, W. D.(1978)。Reconciliation Analysis (formerly called Correlation)。The Real Estate Appraiser,44 (1),42-44。  new window
33.Heaton, H. B.(1990)。Choosing the Weights in Appraisal Correlation。Journal of Property Tax Management,2 (1),28-33。  new window
34.Heaton, H. B.(1993)。Three Approaches to Value: Same Formula, Radically Different Assumptions。Journal of Property Tax Management,4 (4),23-31。  new window
35.Hodges, M. B. Jr.(2007)。Three Approaches?。The Appraisal Journal,LXXV(1),34-44。  new window
36.Isakson, H. R.(1986)。The Nearest Neighbors Appraisal Technique: An Alternative to the Adjustment Grid Methods。Journal of the American Real Estate and Urban Economics Association,14 (2),274-286。  new window
37.Jud, G. D., D. T. Winkler, and G. E. Kissling,(1995)。Price Spreads and Residential Housing Market Liquidity。The Journal of Real Estate Finance and Economics,11(3),251-60。  new window
38.Matysiak, G. and P. Wang(1995)。Commercial Property Market Prices and Valuation: Analyzing the Correspondence。Journal of Property Research,12 (3),181-202。  new window
39.Pace, R. K. and O. W. Gilley(1993)。Translating Prior Information Across Specifications to Improve Predictive Accuracy。Journal of Business and Economic Statistics,11(3),301-309。  new window
40.Tchira, A.(1979)。Comparable Sales Selection: A Computer Approach。The Appraisal Journal,48 (1),86-98。  new window
41.Todora, J. and D. Whiterell(2002)。Automating the Sales Comparison Approach。Assessment Journal,9 (1),25-33。  new window
42.You, S. M. and C. O. Chang(2009)。Weight Regression Model from the Sales Comparison Approach。Property Management,27 (5),302-318。  new window
43.游適銘(2007)。不動產估價方法權重關係之探討--以地價基準地為例。土地經濟年刊,8,86-88。new window  延伸查詢new window
44.Blauvelt, D. G.(1978)。Correlation: What’s that?。The Real Estate Appraiser,5,21-22。  new window
45.Anglin, P. M.、Rutherford, R. C.、Springer, T. M.(2003)。The Trade-off Between the Selling Price of Residential Properties and Time-on-the-Market: The Impact of Price Setting。Journal of Real Estate Finance and Economics,26(1),95-111。  new window
46.Asabere, P. K.、Huffman, F. E.(1993)。Price Concessions, Time on Market, and the Actual Sale Price of Homes。The Journal of Real Estate Finance and Economics,6(2),167-174。  new window
47.Pace, R. K.、Gilley, O. W.(1993)。Translating Prior Information Across Specifications to Improve Predictive Accuracy。Journal of Business and Economic Statistics,11(3),301-309。  new window
48.Matysiak, G.、Wang, P.(1995)。Commercial Property Market Prices and Valuation: Analyzing the Correspondence。Journal of Property Research,2(3),181-202。  new window
49.Cannaday, R. E.、Colwell, P. F.(1995)。The Cost Approach: Appraisal Gone Wrong?。Illinois Real Estate Letter,hiver-printemps,1-4。  new window
50.Tchira, A.(1979)。Comparable Sales Selection: A Computer Approach。The Appraisal Journal,48(1),86-98。  new window
51.Todora, J.、Whiterell, D.(2002)。Automating the Sales Comparison Approach。Assessment Journal,9(1),25-33。  new window
52.Vandell, K. D.(1991)。Optimal Comparable Selection and Weighting in Real Property Valuation。Real Estate Economics,9(2),213-239。  new window
53.You, S. M.、Chang, C. O.(2009)。Weight Regression Model from the Sales Comparison Approach。Property Management,27(5),302-318。  new window
54.Heaton, H. B.(1993)。Three Approaches to Value: Same Formula, Radically Different Assumptions。Journal of Property Tax Management,4(4),23-31。  new window
55.Hodges, M. B. Jr.(2007)。Three Approaches?。The Appraisal Journal,125(1),34-44。  new window
56.Jud, G. D.、Winkler, D. T.、Kissling, G. E.(1995)。Price Spreads and Residential Housing Market Liquidity。The Journal of Real Estate Finance and Economics,11(3),25-60。  new window
57.Diaz, J.、Hansz, J. A.(1997)。How Valuers Use the Value Opinions of Others。Journal of Property Valuation and Investment,15(3),256-260。  new window
58.Galleshaw, M.(1992)。Appropriate Uses of Economic Characteristics in the Sales Comparison Approach。The Appraisal Journal,60(1),91-99。  new window
59.Hagood, W. D.(1978)。Reconciliation Analysis (formerly called Correlation)。The Real Estate Appraiser,44(1),42-44。  new window
會議論文
1.游適銘(2009)。部分調整行為之估價平滑-以臺中市地價基準地重估價為例。  延伸查詢new window
2.Kummerow, M.(2003)。Theory for Real Estate Valuation: An Alternative Way to Teach Real Estate Price Estimation Methods。Australia:。  new window
3.游適銘(2009)。部分調整行為之估價平滑--以臺中市地價基準地重估價為例。  延伸查詢new window
4.Appraisal Institute(2000)。Uniform Standards for Federal Land Acquisitions。Chicago。  new window
5.Kummerow, M.(2003)。Theory for Real Estate Valuation: An Alternative Way to Teach Real Estate Price Estimation Methods。Brisbane, Australia。  new window
研究報告
1.內政部(2007)。《地價基準地與區段地價制度結合之研究》。台北。  延伸查詢new window
圖書
1.International Valuation Standards Committee(2007)。International Valuation Standards。London:International Valuation Standards Committee。  new window
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9.Kinnard, W. N.(1971)。Income Property Valuation, 2nd. ed.。Lexington, Mass:Heath Lexington Books。  new window
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11.Ellwood, L. W.(1977)。Ellwood Tables for Real Estate Appraising and Financing。Cambridge, MA:Ballinger Publishing Company。  new window
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13.Woolery, A.(1990)。Property Tax Principles and Practice。Taoyuan:Land Reform Training Institute。  new window
14.林英彥(2006)。不動產估價。臺北市:文生書局股份有限公司。  延伸查詢new window
15.Appraisal Institute(2000)。Uniform Standards for Federal Land Acquisitions, Interagency Land Acquisition Conference。Chicago:Appraisal Institute。  new window
16.Cannaday, R. E. and P. F. Colwell(1995)。The Cost Approach: Appraisal Gone Wrong?。  new window
17.Ellwood, L. W.(1977)。Ellwood Tables for Real Estate Appraising and Financing, 4th. ed.., American Institute of Real Estate Appraisers。Cambridge, MA。  new window
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19.Hollebaugh, C. W.(1962)。Correlation- the “Heart” of the Appraisal Process, The Residential Appraiser。  new window
20.內政部(2007)。地價基準地與區段地價制度結合之研究。臺北。  延伸查詢new window
其他
1.Hollebaugh, C. W.(1962)。Correlation- the “Heart” of the Appraisal Process。  new window
2.Hentschel, J. J.,Tosh, D. S.(1982)。The appraiser’s conscience: Final Correlation。  new window
 
 
 
 
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