| dc.description.abstract | Housing market in Taiwan, especially in Taipei, is among the most unaffordable and complicated in the whole world. It both left buyers feel unsatisfied with their purchase as well as alienating a segment of its population, which is in need of proper housing, but their needs are incapable to be met in the conventional housing market. This research utilizes data-driven housing market segmentation using Swarm-Inspired Projection (SIP) as a framework to further understand housing market dynamics, with the impact of each real estate characteristic is further explained using multiple regression analysis. Using 5,000 real estate transactions with 39 characteristics in Taipei City, it can be concluded that there are 5 housing segments in Taipei City. Among the biggest demographics for housing market is the mobility-oriented cluster that mainly take place in Datong District (consisted of 1,019 transactions with the lowest average unit price) for they are mainly consisted of commuter that has long work hours.
Using spreadsheet-based calculation, it can be concluded that by 2040 social housing provision in Taipei City need to be increased because there are more than 100,000 unmet need in Taipei City which comprises of both manifest need (homeless population) and evident need (households in rental distress). Prioritized housing characteristics for this housing demographic is adapted from the mobility-oriented cluster in the housing segmentation, which are MRT stations, retail services, and institution inclusion which take form as library provision.
Through various scenarios of social housing investment pathways, it can be inferred that a mixture of both private and public funding is required to obtain the most cost-effective social housing project. A capital grant funding, combined with operating and rental subsidy, provides the answer of overcoming constrained rent revenue and the real cost of social housing provision during 20 years timeframe. It produces tangible assets which in turn can deliver key societal objectives: economic productivity, social wellbeing, and environmental sustainability. | en_US |