The great public construction project has promoted private industrial activities persistently to bring out great fervor in real estate investments since 2007 when Taiwan High Speed Rail was managed regularly in 2007. Housing is a indispensible good as well as heterogeneious good which includes implicit attributes can be capitalized into real estate's price. The results demonstrate: first, the event of HsinChu station management has found to positively influence on real estate price within its area whose marginal price is 299 thousand new Taiwan dollars under significance level α=10%; second, under significance level α=10%, relative attributes such as house age, distance from HsinChu Station, and distance from HsinChu County sport park are negatively correlated; relative attributes such as house weight, floor area, and the shortest distance from local petrol station are positively correlated with housing price.