Dissertations / Theses: 'Luxury Real Estate'

1

Pace, Matthew E. (Matthew Edward). "Green luxury student housing : a real estate feasibility study." Thesis, Massachusetts Institute of Technology, 2007. http://hdl.handle.net/1721.1/42033.

Full text

Abstract:

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Architecture, 2007.
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Includes bibliographical references (leaves 71-74).
The primary purpose of this thesis is to estimate the demand for student housing that focuses on upperclass undergraduate and graduate students who typically shy away from dormitory housing. The initial chapters provide a brief introduction to conventional student housing, explain why the market is growing, review the growing sustainability trend and introduce the idea of green luxury student housing. Chicago serves as the test market where more than forty universities currently operate. Methods for financing, demand drivers, and overall feasibility are discussed for relevance to the market. Two examples of recently built student housing projects in Chicago and Boston are reviewed for current trends and components to their success. Research conducted includes interviews with student housing developers, a student housing consultant, academic staff and other project participants. Site visits, available online data and reviews of project documentation supplement this research. The thesis concludes with the expected demand believed to support the newly defined market niche and its potential feasibility.
by Matthew E. Pace.
S.M.in Real Estate Development

APA, Harvard, Vancouver, ISO, and other styles

2

Dolan, Amelia Jane. "Luxury condos : an analysis of sales price and hotel amenities in Manhattan." Thesis, Massachusetts Institute of Technology, 2011. http://hdl.handle.net/1721.1/68191.

Full text

Abstract:

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2011.
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Cataloged from student-submitted PDF version of thesis.
Includes bibliographical references (p. 52-53).
The purpose of this research project is to examine the market pricing behavior of condos with hotel amenities in the Manhattan condo market. To do this, data was compiled from multiple sources to track variations in price paid per square foot controlling for whether the unit was part of a building with hotel amenities, among other things. Prices were tracked from 2004 through 2011 to capture the peak and fall of the most recent real estate cycle, during which luxury branded condos with hotel amenities saw a surge in popularity. The resulting analysis reveals a number of buyer preferences for building attributes as well as unit attributes. To determine the value of each attribute, the regression controls for variables such as neighborhood, floor on which each unit is located, maintenance fees per square foot and bedrooms and baths. The results of this analysis reveal that buyers are willing to pay a premium for units in buildings which have been branded. It also reveals that, controlling for all other variables, buyers do not value hotel amenities as part of the branded package. The timeliness of this research given the current surplus of unsold luxury condos should help developers responsible for the disposition of these assets by providing quantitative data to support the market and financial analysis tools already at their disposal. While this data focuses on the Manhattan condo market, the analysis and process can easily be translated to other major markets making this paper applicable to a wide range of readers.
by Amelia Jane Dolan.
S.M.in Real Estate Development

APA, Harvard, Vancouver, ISO, and other styles

3

Dubuque, Elise(Elsie S. ). "Multifamily Amenity Wars : defining their current state in luxury urban markets and determining impacts of COVID-19." Thesis, Massachusetts Institute of Technology, 2020. https://hdl.handle.net/1721.1/129092.

Full text

Abstract:

Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, September, 2020
Pagination: 1-123, 142-146, 124-141. Cataloged from student-submitted PDF of thesis.
Includes bibliographical references (pages 144-146).
This paper examines the historic, current and future state of luxury residential amenities and the popularly-called "Amenity Wars" in luxury multifamily housing. The research is based on U.S. urban markets with a special focus on Boston, Massachusetts, where the recent building boom and overall healthy economy have created an active and competitive multifamily development environment. It also aims to answer the question: how has/will COVID-19 (coronavirus disease 2019) impact the thinking behind and programming of residential building amenities? The discussion of recent Amenity Wars trends incorporates themes such as catering to resident needs on a lifestyle level; the draw of physical amenities vs. service-oriented amenities; and demographic and market conditions that have resulted in the current state of multifamily demand.
Following is an exploration of how, as of summer 2020, the coronavirus's rapid person-to-person spread has proved particularly disruptive to the way multifamily housing operates, and how it has challenged existing perceptions about what makes for a desirable multifamily housing experience. The experience of the COVID-19 pandemic will represent a profound moment in collective memory with the power to alter not only the planning and programming of multifamily features and amenities, but luxury urban residential demand in general. As such, it is now time to rethink what the future of the Amenity Wars will look like in both the evolving new normal and long-term new normal. This paper demonstrates how, during the pandemic, innovative designs and other creative solutions have already begun to infiltrate multifamily design and construction.
It also establishes that a healthy demand for luxury urban multifamily housing is poised to remain in the long term, along with which additional notable shifts in multifamily feature and amenity programming will occur. Going forward, we should expect to see changes to physical space in the form of more spatially-adaptable buildouts that enable flexibility of use in addition to more private areas and less community focus, as well as a shift toward service over some physical amenities. Additionally, some of the most lasting effects of the pandemic will be in regard to how multifamily buildings are designed to accommodate new demands of teleworking.
by Elise Dubuque.
S.M. in Real Estate Development
S.M.inRealEstateDevelopment Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate

APA, Harvard, Vancouver, ISO, and other styles

4

Kass, Hunter L. (Hunter Lindsay). "The luxury second home market : an analysis of historical sales and property data at The Greenbrier Resort (White Sulphur Springs, WV)." Thesis, Massachusetts Institute of Technology, 2011. http://hdl.handle.net/1721.1/68185.

Full text

Abstract:

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2011.
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Cataloged from student-submitted PDF version of thesis.
Includes bibliographical references (p. 54-55).
The global economic expansion and subsequent creation of wealth as well as increased purchasing power and disposable income has contributed to the growth in the secondary home market. Over the past decade developers that cater to such discerning buyers have focused significantly on bringing to market products that will meet the wants, needs, and expectations of their target customers. Despite the significant growth in the secondary home market and general infatuation that most individuals have with real estate, there are limited studies that analyze the second home market. Instead most research has focused on the commercial and primary home real estate markets. This study examines a specific development, The Sporting Club at The Greenbrier Resort in White Sulphur Springs, WV. The study focuses on the residential home price transactions that occurred at The Greenbrier Resort since 1980. The data collected from the Greenbrier County Assessor!s Office will be used to derive a hedonic price equation. This equation will help to explain the value derived from key home attributes; beds, baths, home square footage, and location. Then a nominal and real price index will be constructed and used to understand the correlation between home prices and supply and GDP. The end goal is to calculate, through regression analysis, a price equation with the dependent variable price and independent variables of supply and demand (GDP) and a supply equation. The analysis has three conclusion sections. The first is the hedonic price equation that implies the law of marginal utility is recognized with respect to the number of bedrooms a home has and that any more than three a negative affect on price occurs. However, with respect to bathrooms, additional bathrooms do add to the price of the residence. The second and third conclusions are derived from time series equations. The first explains that for every increase by 1% in GDP the real price of a property increases by $4,332. The second equation tries to explain supply and concludes that a 5% increase in the real price index causes a 5.4% increase in supply or unit supply elasticity is observed. A recommendation for the owner/developer of The Greenbrier Sporting Club is to buyback vacant lots because currently 78% of the supply is in control of the owners. This phenomena will most likely lead to future price volatility as supply will be delivered to the market as families and speculators chose. In other words supply will not be delivered to the market at a rate that will stabilize prices.
by Hunter L. Kass.
S.M.in Real Estate Development

APA, Harvard, Vancouver, ISO, and other styles

5

Brenner, Alexander Julian. "Virtual Reality: The Game Changer for Residential Real Estate Staging through Increased Presence." Scholarship @ Claremont, 2017. http://scholarship.claremont.edu/cmc_theses/1471.

Full text

Abstract:

This study proposes a series of 3 experiments to explore how different types of staging, pictures versus virtual reality, impacts potential buyers’ likelihood of wanting to visit a home. Moreover, this study seeks to address how the type of market, hot versus cold, and type of home, luxury versus non-luxury, connects with staging and its impact on wanting to visit a home. In Experiment 1, participants will view 10 total homes, 5 randomly selected with staged pictures first followed by the remaining 5 with virtual reality, either within the hot or cold market. If VR increases presence, then people should be more likely to want to visit a house especially in a hot market given that there is a high demand for a constrained supply. Experiment 2 addressed the contrast effect limitation given that virtual reality staging always came after the pictures of staging within Experiment 1. Experiment 2 should replicate the results of Experiment 1 by removing the contrast effect. Finally, Experiment 3 will explore the impact of type of home, luxury versus non-luxury, and type of staging on wanting to visit a home. Researchers are expected to find that participants who viewed properties in virtual reality are more likely to want to visit the home compared to those that saw staged images because of increased presence, which will make them feel more connected to the home compared to viewing staged pictures. Ultimately, this study is important because it aims to identify the utility of VR in home sales.

APA, Harvard, Vancouver, ISO, and other styles

6

Tiesmeier, Dominique Katlin. "MCDM problem-structuring framework and a real estate decision support model." Thesis, University of Manchester, 2016. https://www.research.manchester.ac.uk/portal/en/theses/mcdm-problemstructuring-framework-and-a-real-estate-decision-support-model(a3376b20-6d3c-4b78-9aac-e645b454ad51).html.

Full text

Abstract:

The real estate selection process might be regarded as a typical Multi-Criteria Decision Making (MCDM) problem. With current literature concentrating predominantly on institutional investment decision making, additional effort should be directed towards studying inexperienced homebuyers who want to buy a property in which to live. In this context, authors have described the decision environment as a complex decision process with restricted access to property data, high financial burdens partially due to the illiquid nature of the investment, the unfamiliarity with the decision task and low transparency in information aggregation. Consequently, this situation could benefit from a more structured approach that assists homebuyers in their actions. In order to guide the decision making process and provide a suitable support mechanism, it is necessary to first structure the problem and extract the required information. A thorough literature review shows that little guidance is available for MCDM problem structuring. Consequently, this research first proposes an MCDM problem-structuring framework to decompose complex problems into smaller parts. Foremost, the application is intended for high-involvement consumer products and services. This framework is derived from MCDM and methodology literature, where the former provides the elements that need to be defined in any MCDM problem situation, and the latter suggests suitable data collection and analysis methods to obtain the information. As a result, the first contribution to existing literature is the introduction of an MCDM problem-structuring framework, which consists of a carefully designed sequential exploratory mixed method procedure. Next, following the proposed structure, the real estate selection problem in Majorca (Spain) is defined. Whilst providing the inherent problem elements and establishing a comprehensive list of evaluation criteria to assess luxury properties, the fieldwork also offers behavioural insights, contributing and supplementing existing real estate research. In particular, major misunderstandings and false assumptions during real estate agent and client interactions are observed, stressing the need to optimise communication and targeting strategies. On the basis of the relevant real estate evaluation criteria, a dataset of alternative houses is created and subsequently rated by prospective luxury-homebuyers. This provides the basis for the third research focus, the construction of a decision support model for real estate selection. In accordance to the problem features and model requirements, the Evidential Reasoning (ER) rule is identified to offer a powerful and transparent evidence aggregation process, with the potential to have a superior performance than other methods in addressing the selection decision. Due to the ER rule’s short history (2013), application studies in general are practically non-existing and unprecedented in the real estate domain. Therefore, the use of a modified ER model can provide the real estate literature with a prescriptive multi-criteria decision support mechanism, whilst simultaneously offering an application study for the MCDM community and other relevant decision analysis domains. In closing, modelling a real problem using the ER rule highlights the method’s advantages and might in turn increase awareness, leading to more applications.

APA, Harvard, Vancouver, ISO, and other styles

7

Růžičková, Věra. "Strategické rozhodování na trhu nemovitostí." Master's thesis, Vysoká škola ekonomická v Praze, 2007. http://www.nusl.cz/ntk/nusl-74176.

Full text

Abstract:

The aim of my thesis is to develop business plan for the purchase of an apartment for rent. The business plan is designed for an investor to provide him information needed for key decisions. In the theoretical part I am focusing on the real estate market and a business plan in general. In the second part I put theory into practice through a real work based business plan. In this plan I'm describing the apartment, the situation of the real estate market, the financial plan, project risks and other relevant aspects.

APA, Harvard, Vancouver, ISO, and other styles

8

Chen, Hsi-Yen, and 陳璽豔. "The Effect of Luxury Tax on the Taiwanese Real Estate Market." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/31748661037387705755.

Full text

Abstract:

碩士
淡江大學
財務金融學系碩士在職專班
100
This study is an analysis of the Luxury Tax on the Taiwan Real Estate Market. An Event Study was used to analyze the Legislative Yuan’s third reading of the Luxury Tax (April 15 2011) to ascertain whether there is any abnormal return as well as to measure the effectiveness of the tax up to the present. The result of the empirical study showed that even prior to the implementation of the Luxury Tax, the housing turnover saw a significant reduction and housing values decreased slightly. This suggests the government has effectively restrained housing speculators. Furthermore, the case study also shows that there has been an abnormal return on construction stocks. For the companies listed in the construction sector, the SAR of the construction sector experienced negative abnormal returns from the 50 days before implementation of the Luxury Tax. This means that in response to the official implementation of the luxury tax by the government on April 15, 2011, the stock prices of the construction sector responded to the impact of the new tax law prior to its coming into effect. Instead, the abnormal returns were smoother and more steady after April 15, 2011. But most of the abnormal returns generated in absolute value of the construction sector were negative. The SCAR were all negative abnormal returns, regardless of whether they occurred before or after the April 15 implementation. For the OTC-listed companies in the construction sector, there were 16 days of positive abnormal return. This suggests the effects were far less severe for the OTC-listed companies in the construction sector. While the Luxury Tax appears to be predominantly effective, it is the conclusion of this thesis that, after nearly a year of implementation, there are still some areas that need further attention, and that the government should therefore consider further amendments in order to make the tax even more effective.

APA, Harvard, Vancouver, ISO, and other styles

9

Hong, Rui-Peng, and 洪瑞鵬. "Efficiency and Tax Equity: Correlation between Luxury Tax and Real Estate Policy." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/5qv8nm.

Full text

Abstract:

碩士
國立高雄應用科技大學
財富與稅務管理系碩士在職專班
103
As the Eastern saying goes “Land equals wealth” corroborating by this token the idea of the property seen as a safe heaven. However, this lack of shelter has put a strong social pressure on the family and indirectly leading to the increase of housing prices. Additionally, the slowing down of domestic investment has resulted in the accumulation of domestic saving, coupled with the capital return of Taiwanese businessmen, the dispute from securities trading tax which results in capital flows to the housing market and the subsequent rise in prices. In order to solve this issue of soaring housing prices we cannot only rely on tax reforms. Complementary measures are needed to make these reforms more efficient. Imposing luxury taxes or premises are only superficial solutions to the issue since they can only cure the symptoms but not the real causes of the disease. If we really want to solve the issue of housing justice, first of all, we should accelerate economic restructuring, attract “hot money”, improve the investment environment and the economic structure, create investment and employment opportunities, improve wage, retain qualified personnel, and enhance the country’s overall competitiveness. These complementary measures will lead to a better economic environment making it easier for people to afford a house. The institution of luxury taxes by the government has for main objective to stifle the increased in housing prices, particularly in the metropolitan areas where the increase in housing price has become the major aspect of people grievances. Just like the housing policies implemented by the government, the luxury taxes have only a short term effect. Imposing luxury taxes, also will contribute to the decrease in the number of transactions in the Real Estate industry leading to the closing of many businesses and the increase in the turnover rate in this industry. The government passed a legislation which will be effective by January 2016. This law called “premises unity” includes land and building and is perceived after deduction of the acquisition cost in accordance with the profit tax levied. The spirit of this law is to suppress speculations and soaring prices. The difference between “premise unity” and “luxury tax” is that “luxury tax” dwells in their duration. Luxury tax is levied on actual gross turnover capital gains and ends after two years, whereas, “premises unity” is a tax levied on capital gains, and its rate will be determined by the length of time.

APA, Harvard, Vancouver, ISO, and other styles

10

Kao, Fun-Chien, and 高鳳謙. "The Research on “The Impact of a Luxury Tax on Real Estate”." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/30822560894105225503.

Full text

Abstract:

碩士
國立臺北大學
國際財務金融碩士在職專班
100
The real eatate market as investor compete for another battlefield because of real estate crazy increasing in recent year, this trend has also caused the government to take heavy hand to fight for the housing effect. Owing to the consensus to both ruling and opposition. the legislative Yuan has been formally Third Reading through “special of goods and services tax Ordinance (commonly known as the "luxury tax") which design to discourage short-term speculators, propelling prices back to reasonable prices, that is so-called "living justice" to curb housing prices. In cases of actual transaction prices which is part of the "luxury tax" to encourage private initiative to provide real estate transaction information, and list this issue in a major policy of government . The research focus of this thesis is as follows: 1. Research background and motivation 2. Direction and orientation: Make sure that the research purpose and direction 3. Study structure. 4. The definition of real estate, history, legal system. 5. China's real estate study. 6. Taiwan’s real estate study. 7. Taiwan’s luxury tax levied and influence. 8. Taiwan real estate transactions strengths and weaknesses of the policy. 9. Taipei, Shanghai, Beijing, Hong Kong, Singapore real estate study and comparison. 10. Conclusions and recommendations

APA, Harvard, Vancouver, ISO, and other styles

11

Chang, ChinYuan, and 張金源. "The Impact of Governmental Luxury Tax Policies on The Real Estate Sector." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/85208674122557586407.

Full text

Abstract:

碩士
亞洲大學
經營管理學系碩士在職專班
101
The goal of this research is to examine the impact of governmental luxury tax policies on the domestic real estate sector. In recent years, due to the influx of international hot money into Taiwan, real estate prices have skyrocketed. In an effort to deter and contain the situation, the government has opted to impose a luxury tax, which posed immediate and direct impact on the real estate and property management sectors. The introduction of luxury tax has sparked endless debates among the sectors, legislators and concerned government agencies. The study will first focus on relevant literatures and statistical data on Ministry of Finance and on the Ministry of Interior Affair’s immovable property transfer registration records for comparison to determine the factors that impact on the domestic real estate and property management sectors due to the imposition of luxury tax by the government. The next section of the research will involve the formulation of an interview outline, which would be reviewed by a panel of scholars and experts from relevant industries, government agencies and academe to establish its validity as a tool of the research before interviews are conducted. With the plan, location and relevant equipment laid out, samples were screened to verify the respondents and interviews were converted into transcripts for editing and comparison. The choice of qualitative research was made in order to present a better interpretation of the question at hand and to find the best logical interpretation for one to understand the significance of the luxury tax phenomenon and thereby formulate new knowledge and insight. Through the process of deliberate reflection, supplemented with in-depth interpretation through accounts, texts and language, the reader would be able to gain in-depth knowledge on the topic of the luxury tax. Results showed that: (i) The imposition of a luxury tax by the government had a definite impact on Taiwan’s real estate industry; (ii) The imposition of a luxury tax had resulted in changes of pricing and transaction volume in the real estates of northern, central and southern Taiwan; (iii) The imposition of a luxury tax had resulted in a definite impact on the average citizens with the intention of purchasing houses and investors alike; (iv) The imposition of a luxury tax resulted in the reduction in transaction volume and stability of prices and in turn affected the management and operation of construction firms, real estate agencies and real estate attorneys; (v) The imposition of a luxury tax had resulted in the decline of local tax revenues for the government. Findings of the study shall serve as a useful reference in the future review of the luxury tax for government policy after it has been imposed for the full duration of two years.

APA, Harvard, Vancouver, ISO, and other styles

12

Chang, Chia-chen, and 張家禎. "The impact of Luxury Tax and Real Price Listing on the Real Estate Brokers’ Marketing Strategies －The Case of Sinyi and Yungching Real Estate." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/32883132416501941394.

Full text

Abstract:

碩士
國立高雄大學
高階法律暨管理碩士在職專班(EMLBA)
101
Within the government decrees, the ones that influence the realty industry are Fair Trade Act and Consumer Protection Act, and their main purpose is to protect the consumers as well as the market trading order and security. After the implementation of luxury tax policy on June 1st, 2011, the government intended to eliminate the market price distortion caused by the real estate opportunistic overheating via policy, but the realty industry got seriously affected indirectly. This study takes two well-known domestic realties, Sinyi and Yungching Real Estate direct chain in Kaohsiung Municipality, as the research target. Through having in-depth interview with the evaluated performance advantage direct and branch directors, we came up with the following conclusions: 1. The marketing strategy of Sinyi and Yungching Real Estate Both of these two real estate companies set up complete standard operation procedures. Through network platform, they take the technological service via connecting to the object transaction information and service personnel professional tool system. Also, they strengthen the transaction security mechanism and promote the honest fulfillment guarantee. Both of the companies recruit the graduate school graduates or the newly university graduates, and they do not show the obvious differences on the strategies of geographic segmentation. 2. The impact of the luxury tax and real price listing on Sinyi and Yungching Real Estate Sinyi Real Estate does not have obvious difference on the monthly total turnover and variation difference of profit multiplier, whereas Yungching Real Estate’s turnover declines in the beginning, and bounces back afterward. Both of the companies’ personnel cost and monthly object development trust are not influenced. As for the marketing skill and the company management comprehensive effect, Sinyi Real Estate encourages its customers to sell their houses as soon as possible before the implementation of luxury tax, and it puts emphasis on the luxury tax policy and actual operation content, while the Yungching Real Estate is not affected. 3. Sinyi and Yungching Real Estate’s response to the luxury tax and real price listing policy Based on the visible strategies as product strategy, process strategy and services, both of the companies pay attention to see if they possess the objects that could levy luxury tax. As for the price and promotion strategy, Sinyi Real Estate thinks that the promotion right rests in the hands of the customers, while the Yungching Real Estate encourages its customers to rent their objects. As for the logistic strategy, Sinyi Real Estate uses the network, newspaper advertisement and building billboards to publicize, whereas Yungching Real Estate put emphasis on the network marketing, bus stop sign media and large canvas advertisement.

APA, Harvard, Vancouver, ISO, and other styles

13

LIN, HSIU-MING, and 林秀銘. "The Impact of the Luxury Tax Implementation on the Real Estate Market and Response Measures Taken by Real Estate Brokerage Industry." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/00501328773015877488.

Full text

Abstract:

碩士
中華大學
企業管理學系碩士班
100
In view of the unreasonable soaring house prices in some parts of Taiwan since 2009, this normal phenomenon in the non-real estate market has become the top-of-list grievances. Additionally, the short-term housing transaction and transfer tax burden is either low or without tax burden, because of the excessively low interest rates, higher profits, and speculations. If this short-term hosing price hike continues to be let loose, the normal trading and development of the real estate market will be affected. Hence, in order to inhibit the rapid rise in house prices, the government has introduced a number of real estate control policies to prevent a real estate bubble crisis that may arise. In June 2011, the “Specifically Selected Goods and Services Tax”, which is known as the “Luxury tax” was formally implemented. The luxury tax was also explored throughout this study. As regulated, the tax collection items include homes held for two years and their bases, or urban lands with construction licenses issued by law. Regardless of gain or loss, they are taxed 10%-15% of the actual transaction amount, the purpose of which is to cool the real estate market. This study aimed to explore and analyze the luxury tax policy content and current implementation condition. Through observations and discussions during the development period, the impact on the real estate market after the implementation of the act was found. In addition, through expert interviews, the analysis results were compiled to summarize the response measures to be taken by the “Real estate brokerage industry.” This research is expected to serve as a managerial reference for the real estate brokers, with the hope of reducing risks and seeking business opportunities. Furthermore, in accordance with the luxury tax implementation effectiveness in this study, it is suggested that the government effectively integrate the real estate policies and complete the related complementary measures in order to effectively curb house prices, ensure the sound development of the real estate market, and bring transaction prices onto the right track.

APA, Harvard, Vancouver, ISO, and other styles

14

PAN, CHUN I., and 潘俊義. "THE IMPACT ON STOCK PRICE BY LUXURY TAX- EVIDENCE FROMTAIWAN REAL ESTATE INDUTRY." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/77473260067771115837.

Full text

Abstract:

碩士
國立臺北大學
國際財務金融碩士在職專班
101
The Ministry of Finance of republic of China considers that impose the luxury tax can lead the house price to a long-term investment and in order to avoid the souring up of house price. Since that the Legislative Yuan of republic of China pass the luxury tax act and will be imposed in 2011 June 1. In order to realize the impact from luxury tax to the stock price of real estate related industry, we divide companies into 4 species, such as civil engineering companies, real estate development companies, engineering service companies and real estate broker companies. And we conduct an event study to investigate the impact from luxury tax. We take the luxury tax act passed and imposed day as two events. Since the interval was only 45 days, we use the 30 days before events and 10 days after events as events window. We find out that the stock price in this industry get down on pronounce day but after that the stock price will get back to its original level. It reflects investor still confident in this industry. And real estate development companies and real estate broker companies were influenced more. And we suspect that is because the real estate development companies hold a lot of lands, and the transaction cost will be higher. And the commission of real estate broker companies will decrease. In fact, after the luxury tax was imposed. The house price didn’t going down significantly. The luxury tax only affects few investors in a short term. The stock price going up or down may cause by the fundament of companies. This research provides some advices to government, banks and investors according to our results.

APA, Harvard, Vancouver, ISO, and other styles

15

Mager, Andrea. "Rapid Condominium Growth and the Emergence of the Ultra-Luxury Condominium Market in Toronto, Canada." Thesis, 2013. http://hdl.handle.net/1974/7999.

Full text

Abstract:

In this thesis, I undertake a study of rapid condominium growth occurring in the City of Toronto, Canada, and the emergence of an ultra-luxury condominium market during a time of global financial instability. This thesis examines the influence of rapid growth on Toronto as a world city during this time by asking the following research questions: 1. Why has Toronto become a place of safe investment for condominium buyers during a time of global economic uncertainty? 2. Why has the ultra-luxury market emerged in Toronto? What are the driving forces behind it, how does it contribute to Toronto’s standing as a world city, and what does the future hold for this niche market? 3. What is the current state of the condominium market in Toronto and what can we expect to see happen in the near future? To answer these questions, this thesis draws insights from urban, political, economic and social geographic literature, statistical and policy data, as well as twenty-five (25) semi- structured interviews with a variety of key industry stakeholders in the City of Toronto. The results of this study point to a changing demographic landscape in a city where fundamental elements have not only secured Toronto’s reputation as a place of safe investment, but also created an environment of pent up demand leading to the emergence of the ultra-luxury condominium market. The City of Toronto has garnered international attention for its rapid rate of high-rise growth, and continues to craft its reputation as a world city through the addition of four, 5-star hotel condominiums. Additionally, this thesis recognizes the pressing social, environmental and political issues that accompany this recent, rapid growth, and provides general recommendations for addressing these complex topics through the suggestion of future research on the topic.
Thesis (Master, Geography) -- Queen's University, 2013-04-29 12:28:08.426

APA, Harvard, Vancouver, ISO, and other styles

16

Adams, Elizabeth. ""The location. The luxury. The life." : deconstructing the rhetoric of Intrawest Resort real estate." Thesis, 2004. http://spectrum.library.concordia.ca/8160/1/MQ94612.pdf.

Full text

Abstract:

This thesis examines the notion of luxury living in the 21 st century through the rhetorical creations of resort developer Intrawest Corp. The emphasis is placed on how Intrawest achieved the title of "world's largest developer of village-centred destination resorts" and why its product offering resonates so deeply with its upper class clientele. Considered in light of historic perceptions of luxury, and its precursors in urban and resort development as well as contemporary theories of rhetoric, it is demonstrated that the Intrawest experience is invested with meaning because it responds to individual concerns surrounding identity, status and family values. Using campaigns and fantasy brochures created by communication and design firm Ryan + Deslauriers exclusively for Intrawest resorts, this study demonstrates that it is through the rhetorical creations of nostalgic settings and domestic ideals that these concerns are addressed and articulated. This reading of Intrawest resort real estate merges interests in rhetoric, luxury and the value system of today's upper class.

APA, Harvard, Vancouver, ISO, and other styles

17

Chang, Shih-Hsin, and 張世欣. "Effect of the Luxury Tax Policy to Real Estate Market-Evidence in Chupei Region." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/7xf8n6.

Full text

Abstract:

碩士
國立中興大學
高階經理人碩士在職專班
101
The real estate is important and necessary for people, and the government has the responsibility to keep the stability of house price. After the crisis in 2008, many countries conducted quantitative easing policy and made the global commodity price din Taiwan, so the government implemented some policies such as luxury tax policy, actual selling price property taxation and appropriate housing to restrain the unreasonable house price. But recently, house price is lower and income is also higher than other areas in Hsinchu area, in addition, the traffic is getting more and more convenient ,so the population also ascend these years. In this paper, we use T-test and regression model to test the effect between luxury tax policy and house price. The result shows that there is no significant effect on house price after luxury tax, the house price is still raise these years. But the number of customers is lowering significantly, indicating that luxury tax policy decrease the speculation but has no influence of the customer whose purchasing motive is to live. Additionally, the deal ratio has no obvious effect after luxury tax policy. Finally, the plain of main product becomes polarized, the plenty plain is sold for high income group and the low plain is sold for low income group.

APA, Harvard, Vancouver, ISO, and other styles

18

Li-YingWang and 王儷穎. "The Influence of Luxury Tax on the Real Estate Companies and Their Reacting Strategies." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/96648884622331886903.

Full text

Abstract:

碩士
國立成功大學
高階管理碩士在職專班(EMBA)
100
ABSTRACT In order to restrain increasing home price, Taiwan government had proposed many housing policies but those efforts were in vain. After reviewing the policies of US, South Korea, Singapore and Hong Kong, our government came out with ‘Luxury Tax’. Since ‘Luxury Tax’ put into effect on July 1 last year, we have encountered political and economical interference both domestically and internationally. The domestic housing market becomes quite quiet and the 2011 trading volume reaches the historical lowest point. Apparently ‘Luxury Tax’ has considerably impacts on the domestic real estate market. But it is doubtable that whether our government grasps the real estate price and whether there are loopholes of this policy. From my point of view, this policy won’t change the market significantly shortly. However, there will be a fierce competition for this real estate industry. It seems that the ‘Luxury Tax’ policy interferes with this real estate industry and the hosing market considerably. I will explore the policy’s impact on this estate industry, its developing trend and business strategies by examining a real estate company as a case study. The purpose of this research includes: 1.To understand the current management situations of Taiwan real estate business and the developing trend of the domestic housing market. 2.To reveal the prospective challenges and opportunities for the real estate business after ‘Luxury Tax’ is affected. To propose a market strategy after examining the influence resulted from Luxury Tax’.

APA, Harvard, Vancouver, ISO, and other styles

19

Teng, Yai-Shue, and 鄧雅穗. "Evaluating the Factors of the Luxury Tax induced the Trading of Real Estate Brokers." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/07041027821756977730.

Full text

Abstract:

碩士
康寧大學
資產管理與城市規劃研究所
100
In countries with free market economy, stable economic growth will inevitably lead to gradually increasing housing price. Nonetheless, due to the relatively low transfer tax imposed on short-term tractions of housing and land, a number of people commit misconducts to speculate for profits, causing housing price to rise and leading to negative perceptions of the public. In response to the housing price issues and public opinions, the Government took initiative to formally implement the Specifically Selected Goods and Services Tax Act on June 1st, 2011, in attempt to stabilize the housing market, inhibit luxury consumption and therefore slow down the pace of widening wealth gap. The real estate brokers bear the brunt of the regulation of such ordinance. Based on the above reasons, the study used Fuzzy Analytic Hierarchy Process (Fuzzy AHP) to evaluate the factors of the luxury tax induced the trading of real estate brokers. The analysis results showed that the four major key factors affecting real estate trading include “supporting measures from the financial institutions” factor, “investor” factor, “regulations and policies” factor, and “real estate broker” factor. A further analysis results from the series of hierarchical showed that “reduced loan-to-value ratio,” “how to avoid tax,” “rising interest rates,” and “reduce speculator trading” etc., which are the four most important factors affecting real estate brokers in real estate trading after the levy of luxury tax.

APA, Harvard, Vancouver, ISO, and other styles

20

Kuo, Tsung-Yu, and 郭宗諭. "System dynamic simulation of the effect of a luxury tax on real estate prices." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/62367363243576772680.

Full text

Abstract:

碩士
國立高雄應用科技大學
商務經營研究所
99
According to data on national incomes released by the Directorate-General of Budget, Accounting and Statistics of the Executive Yuan (DGBAS), the national income distribution over the last two decades (1991-2009) shows that the ratio between the top 20 % household income group and the bottom 20 % household income group has increased from 6.57:1 in 2000 to 8.22:1 in 2009. In a situation where income growth is limited, the annual income ratio of real estate prices in Taipei as of the fourth quarter of 2010 rose to 14.3, an historic high. The loan burden rate rose by more than 50 %, which is also a record high. This suggests that the salaried class has to allocate more than half of their monthly income to mortgage repayments. People are under severe home buying pressure, which makes living more difficult. Yet, real estate prices are still rising. The widening wealth gap is a protraction of the M model of society in Taiwan. The government plans to levy a luxury tax with a view to narrowing the gap between the rich and the poor and achieving the goals of equitable taxation and social justice. Essentially, the real estate market is dynamic, and has a causal effect and feedback relationship. In other words, this market entails dynamic complexity, which can best be tackled with system dynamics. As such, this study is a simulation of the system dynamic model to explore the factors affecting fluctuation of real estate prices in the market under the interactions of supply, demand, and prices, and the effect of such change. This model is an attempt to solve problems deriving from the real estate market. Government policy is a vital factor affecting the dynamics of the real estate market. Changes and adjustments to taxation tend to affect the overall supply and demand of the real estate market. In general, industries related to real estate construction are the engine driving economic growth. As such, there will be a trade-off between tax adjustment and economic development. Similarly, the state must cautiously map out its policy with sufficient supporting measures. Recent studies have indicated that a special sales tax is applicable to investment in real estate while the short-term purchase and sale of residential properties not for self-consumption should be subject to an “exchange tax” regardless of investment gains or losses. This measure will help to revitalize the rational trading of real estate and maintain economic stability. In general, the levy of a luxury tax on the real estate market of Taiwan is meaningful in two ways: it will prevent short-term speculation so that the market can be operated under normal trading of self-consumed residential properties and investment, and obtain real prices for the trading of real properties by the government. This will make the operation of the real estate market transparent and healthy. However, the government should launch a concrete residential premises policy in order to stabilize real estate market prices. The application of the luxury tax can yield short-term effects, and this partial high-hand policy to suppress real estate prices from irrational rises cannot solve the real structural problem. The results of the simulation indicate that short-term and partial policy may yield a negative effect on the long-term trend of prices. As such, the authorities should address the problem through systemic thinking and analysis in making related policy because supply, demand and real estate prices are interrelated. The policy should not aim at just short-term results in performance but also as a remedy in the long run. Therefore, the government should institute a taxation system aiming at containing excessive speculation in real estate trades and assess the effect of such a system on the healthy development of the real estate market.

APA, Harvard, Vancouver, ISO, and other styles

21

Chang, Chi, and 張琪. "The Impact of Government Real Estate Policy on Mortgage Loans of Luxury House and Investors." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/66058386902634500080.

Full text

Abstract:

碩士
中華科技大學
經營管理研究所
102
In recent years, excessive rising house prices lead to the rationality of the transactions in the housing market. In particular, the development of luxury house market and behavior of the investors are driven by reference index of high housing price. The central bank adopted High-Priced Real Estate Policy in series of control policies for housing market. In this paper we explore the impact of the policy on mortgage loans of lenders. Our analysis includes the effect of mortgage credit decision factors in the results of the loans, and the compare of bank loans and lenders application. Finally, the impact of mortgage loans of luxury house and the investors in implementation of the policy. The evidences indicate that the credit factors are different by lenders and house condition in implementation of the policy. Also, the different of bank loans and lenders application. It’s important that mortgage audit for bank, including financial structure and debt payment of lenders, and collateral quality. The results of policy effect. They mean that follow-up mortgage costs are not increase for borrowers in implementation of the policy. The conclusion that mortgage audit is short-run impact in implementation of High-Priced Real Estate Policy. The evidences also indicate that the Policy bring a lot of impact for investors and non-investors. In particular, they have mortgage payment pressure in long-term periods. The investors are still not limited investment in the housing market. The non-investor has more stringent lending than the investors.

APA, Harvard, Vancouver, ISO, and other styles

22

Liu, Wei Ting, and 劉威廷. "The Relationships Study among Involvement and PerceivedRisk with Sales Satisfaction of Real Estate Luxury Tax." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/15322984007909067230.

Full text

Abstract:

碩士
樹德科技大學
金融系碩士班
102
The government in order to let prices tend to be normal and reasonable price, since 2012 have been hoping to curb short-term speculation, and the luxury tax as the principal means of government to crack down on the housing, for open characteristics before and after "luxury tax" housing agent sales job satisfaction affect for analysis. The purpose of this study mainly divides into four parts, the first part is to explore the brokers after opening characteristics of the luxury tax in involved in correlation between the degree of perceived risk. The second part is to explore the brokers after opening characteristics of the luxury tax in the correlation between the perceived risk of sales job satisfaction. The third part is to explore the brokers after opening characteristics of the luxury tax in involvement degree of correlation between sales job satisfaction. The fourth part is to explore consciousness after opening characteristics of the luxury tax risk in the degree of involvement and sales whether has a mediating effect between job satisfaction. This research by way of a questionnaire to fill out the housing placement, this study before the formal release questionnaire has 30 of the forecast of the questionnaire, and the forecast of the issuance of a questionnaire for began in December 2013, and in January 2014 after recovery, then use the forecast of the questionnaire analysis of reliability and validity analysis, pilot test results no problem after began to issue a formal questionnaire, and formal questionnaires out of 300, including 22 for waste volume, by the rest of the 278 questionnaires with SPSS software version 20.0 to statistics and analysis, the research results show that: the degree of involvement have lower significantly positive influence on perceived risk, perceived risk has a significant positive effect on sales job satisfaction, the degree of involvement has a significant positive effect on sales job satisfaction, perceived risk in the degree of involvement has partial intermediary effect between job satisfaction and sales.

APA, Harvard, Vancouver, ISO, and other styles

23

Lin, Yiching, and 林宜靖. "A Study in the Influence of Luxury Tax and Real Value Registry Scheme on the Real Estate Market in Taiwan." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/02091154774388443985.

Full text

Abstract:

碩士
靜宜大學
管理碩士在職專班
101
The main developed countries adopt the quantitative easing monetary policy to stimulate the economy in recent years; in the meanwhile, the real estate market is also blowing up because of the excess fund seeking investment vehicles. Owing to stabilizing the real estate market, the government in Taiwan utilizes the luxury tax in 2011 and real value registry scheme in 2012 to reduce the volatility and the price bubble of the real estate. Thus, this study inspects the influence of implementing luxury tax and real value registry scheme on the real estate market in Taiwan, so as to understand whether these policies are effective. We employ the construction companies listed in the Taiwan stock exchange as samples and adopt the event study method to analyze the stock prices pattern of sample companies, and then examine the effectiveness of the luxury tax and real value registry scheme. In addition, we also compare the difference of the effectiveness between these two policies by multiple linear regression analysis, so as to provide a reference for government making policy. The results of this study show that: 1. the volatility of stock return in the construction industry is reduced after the adoption of luxury tax and real value registry scheme, that is, these two policies stabilize the real estate market; 2. the implementation of luxury tax and real value registry scheme generate short-term negative abnormal returns of construction stocks, which means these policies can cool down the real estate market in short term; 3. the period of the negative abnormal return arisen from the real value registry scheme is longer than that resulted from the luxury tax; 4. the value of negative abnormal returns on construction stocks from the real value registry scheme is smaller than that in luxury tax, that is, the negative impulse of the real value registry scheme on real estate market is greater than the one of luxury tax; 5. there is a significant positive correlation among market returns, size premium, growth premium and the stock price of construction industry in three factors model, however, the implementation of luxury tax and real value registry scheme do not affect the real estate market in statistical significance.

APA, Harvard, Vancouver, ISO, and other styles

24

Yang, Chyi-sheng, and 楊騏勝. "An Impact Study of Imposing Luxury Tax on Real Estate Price : The Case of Taipei City." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/ss88vm.

Full text

Abstract:

碩士
國立高雄大學
亞太工商管理學系碩士班
102
Real estate is not only a private property, but also an investment tool. It possesses functions of an increase of value, preservation of value, and tax saving. This study evaluates the impacts of imposition of a luxury tax on expensive houses in order to control housing prices. With respect to changes in real estate prices, Taipei is an leading city and this study intends to use Taipei as a case. The impact on real estate prices the government policy is an important factor. Of the government policy, tax impact is significant. Taxation can affect real estate market demand and supply. The real estate industry is a leading industry in economic growth. Therefore, the government intends to use the taxation to influence housing market , it should be careful in assessment of overall impact on the economy. The major findings of this study indicate that the imposition of luxury tax on the expensive houses in Taipei city results in a minimum impact. This is because the criteria for the expensive houses are pretty restrict and thus only 10,000 more units of houses in Taipei are qualified for imposing luxury tax. Although the imposition of luxury tax on real estate can reduce the transactions of houses and stabilize the housing prices, the tax rate is small so it did not yield expected results. In summary, the imposition of luxury tax on expensive houses has an important meaning. It is through this taxation, the government can collect some tax revenues and also show its determination to prevent the speculation of housing market. In the past, a rapid increase in housing prices is due to an inadequate tax system in Taipei. The introduction of luxury tax this time provides a valuable experience for the government to design a more appropriate tax rate for the expensive houses next time to collect property tax revenue. In this connection, the government should undertake the policy of enforcing real price registration in housing transactions and restrict mortgage loan in buying houses in order to achieve a fair and just luxury tax.

APA, Harvard, Vancouver, ISO, and other styles

25

Chang, Chih-Tien, and 張枝田. "The Impact of Luxury Taxation on Real Estate Prices : Evidence from Daan District of Taipei City." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/9bnja4.

Full text

Abstract:

碩士
中國文化大學
國際貿易學系
103
With the real estate prices steadily increasing, people are not able to buy house more and more. In viewing of this, the governments carry out the luxury taxation on June 1, 2011. Hope to decline the prices of real estate with the implementation of the taxation law. However, the initial implementation of the taxation law not only failed to achieve the purpose of declining real estate prices, but caused real estate prices increasing and shrinking the amount of transactions . So, some people suggested the luxury taxation law should exit. Should that be the case? Here are our findings.

APA, Harvard, Vancouver, ISO, and other styles

26

Chiang, Jung-Jen, and 江容任. "The Study of Refraining Policy on Real Estate Market in Taiwan－The Evidence from “Luxury Tax”." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/85446304958574732426.

Full text

Abstract:

碩士
國立中興大學
國家政策與公共事務研究所
103
Rising prices in recent years has been to generate grievances minds of the people are looking forward to be able to buy real estate within a capacity range, hoping pursued by the government''s policy to curb housing prices so that prices return to purchasing power within a range, from the Republic of China for 100 years in June luxury tax began to formulate the rules of the Stock Exchange changed hands in two years has to be taxed, and the purchase of high-priced goods such as the implementation of assessment. In contrast to other countries around the world in order to suppress real estate investors, but also the same as China''s implementation of the luxury tax policy, our government resorted to the luxury tax, although discourage short-term transactions, but they are contrary to the public perception of the impact on long-term housing prices. Therefore, this study focuses on the luxury tax policy to the perception of the public to discuss and assess the theory by policy-oriented analysis for seven, respectively, from "planned for", "policy implementation-oriented", "appropriateness of policy-oriented", "people willingness to face "," environmental factors facing "," success-oriented policy "," future policy direction for the", further discussed and recommendations for improvement of existing luxury tax policy. In this study, the method adopted in-depth interviews, interview outline and design problems, according to the background and experience of the respondents to the discussion of the analysis. Study for the construction of the company''s personnel Taichung area, the real estate agency industry, economists and architects experts, the real estate market, business investors, and people living in the Taichung area, resulting interviews will be described fully mechanized entire induction. In the planned surface, there is the government to quell the discontent arising due to rising prices, continue to curb price policy, many resorted to three. Performing surface, there is the government to curb housing prices ambition and execution support, hoping to find root of the problem to be addressed in order to achieve two live justice. The appropriateness of the surface, there is the luxury tax is only 2 years to suppress the short-term trading, the transaction can not be taxed for the two-year period exceeds the lockout. And high-priced consumer goods also to foreign consumption, resulting in reduced consumption four domestic economy. In the face of the people''s will, we have to support the people hold the attitude, but trading was only limited to 2 years of assessment conditions, so long-term investors or funds darker people, and will not be much impact two items. In the face of environmental factors, there is hot money by the US monetary policies caused foreign investment to face the negative issue of asset bubbles and inflation, as well as cause of upward pressure on the housing market and other four. In the face of policy success, there is a substantial shortage expected tax benefits, housing prices can not fall back situation and policy faces the outcome to be replaced and other two. In the future direction of the surface, there is the original deadline and then stretched, and with new premises unity Nett taxation system is implemented and other two.

APA, Harvard, Vancouver, ISO, and other styles

27

Chang, Shin-fang, and 張馨方. "The Relationships Study among Involvement and Perceived Risk with Consumer Purchase Intentions of Real Estate Luxury Tax." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/mec457.

Full text

Abstract:

碩士
樹德科技大學
金融系碩士班
102
In recent years, real estate speculators try to take advantages from rising real estate market prices by buying low and selling high to earn profits. These results in that many middle-income class residents can’t afford to buy a house. Therefore, the government wants to change this phenomenon in 2011 by imposing the luxury tax so that the luxury tax can suppress the speculators, and let real estate prices return to normal. The purposes of this study are to analysis the relationships among involvement and perceived risk with consumer purchase intentions. This research use SPSS software to statistics and analysis including reliability and validity analysis, ANOVA analysis, regression analysis, and hierarchical regression analysis. The results showed that involvement have significantly positive influence of perceived risk. Perceived risk have significantly negative influence of consumer purchase intentions. Involvement has significantly positive influence of consumer purchase intentions. Perceived risk has intermediary effect between involvement and consumer purchase intentions. Findings of the study shall serve as a useful reference in the future review of the luxury tax for government policy.

APA, Harvard, Vancouver, ISO, and other styles

28

Liang, Yuan-Hui, and 梁元慧. "A Study of Luxury Tax Policy on Sales of Real Estate Industry: The Case of Taipei Area." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/hj6ehb.

Full text

Abstract:

碩士
銘傳大學
公共事務學系兩岸關係與安全管理碩士在職專班
103
Taiwan government initiated the luxury tax policy in 2011 that imposes luxury transactions. For the real estate market, the policy is used to effectively curb speculation, so that rising real estate prices can be controlled. The luxury tax policy adopts the mechanism that increases the purchase cost and cost of ownership speculators. This luxury tax policy has resulted in a great impact on the marketing strategy of real estate industry. The research thesis conducts a qualitative case study to explore the influence of luxury tax on real estate marketing strategy. The main issues include impact on the real estate market, impact on the promotion activities and their response solutions, and impact on marketing strategy of real estate. Analysis of the results are: （1） The policy does limit the price increase, but invalid with price decrease. Moreover, due to the policy the turnover rate significantly decrease, that leads for the investors to lengthen the time holding the investment targets to avoid tax. （2） For the perspective of investment purpose, the total sales of the commercial office, detached houses and invested small-sized products reveals an apparent downward trend. For the perspective of non-investment purpose, the deal quantity and its profits shows an apparent upward trend. The remaining amount of the delegate type shows fading. （3） The case company should help investors take advantages on the luxury tax exemption regulations to avoid luxury tax.

APA, Harvard, Vancouver, ISO, and other styles

29

Lee, ChenNing, and 李晨寧. "The Impacts of Luxury Tax on the Prices for Real Estate Markets—Evidence from New Taipei City." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/7dvdg3.

Full text

Abstract:

碩士
靜宜大學
財務金融學系
104
This research explores the impact of luxury tax on the price and transition for the real estate markets.The sample of this research includes the Banciao, Sanchong, Jhonghe, Yonghe, Lujhou, Wugu, Taishan, Linkou, Bali, Yingge, Sansia, Sindian, Danshuei, Sijhih, Sinjhuang, Tucheng, Shulin ,in New Taipei City as an example. The empirical results show that the luxury tax only decreases real estate transactions, but do not impact the real estate price.

APA, Harvard, Vancouver, ISO, and other styles

30

Li, You-Wei, and 李囿緯. "The Study on the Impact of Reality Policy on Real Estate Purchasing Factors - The Case of Luxury Tax." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/d4g828.

Full text

Abstract:

碩士
國立臺北科技大學
管理學院工業工程與管理EMBA專班
100
The purpose of this study to find out after the implementation of the luxury tax on real estate policy to curb housing prices effectiveness and impact of depth, using two kinds of statistical analysis and the Delphi method to study the past and future price movements make a prediction in this chapter, in the hopeby collecting production, government, academia, research ideas and views of all sectors of information and experts and scholars. In the statistical analysis part, Cathay Pacific Index, Lutheran index, construction permits issued by area / number of pieces, according to issuance of area / number, the number of housing transactions transfer, deed tax data on construction stocks index and the housing index of industrial production have significant and positive impact. Part of the Delphi method to explore the implementation of the luxury tax on consumer home motivation factors, understanding of attention because of consumer home behavior. The total is divided into the overall environment, housing affordability, housing characteristics, seller characteristics, family members, factors five dimensions. A total of 10 invited experts twice a Delphi method analysis, the findings show the highest degree of consensus in the housing affordability dimensions, followed by housing characteristics, the overall environment. Seller characteristics, members of the family factor is the dimensions of the consensus is low. The research to the main contribution for the provision of academic real estate boom and house prices trend of reference and establish the motive of consumer home-factor dimensions that can be in practice as related businesses in the measure of the housing preferences of consumers in the market contemplated as a marketing strategy and timing reference.

APA, Harvard, Vancouver, ISO, and other styles

31

Chang, Chang-Tse, and 張滄澤. "How to improve the service quality and competition of construction management in the personal and custom luxury real estate." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/51141411811957338874.

Full text

Abstract:

碩士
國立暨南國際大學
管理學院經營管理碩士學位學程碩士在職專班
101
Currently most studies and researches on the construction industry aimed on how to improve the competition advantages, most of them focus on reduction the cost by introducing information software on the improvement of operational management, project management and financial management. And it not many studies had been conducted on the improvement of the competition advantages of service quality. The research scope of this study is to expound the competition advantages of construction industry to provide the differentiated services of personal and custom luxury real estate,and it conferred in three categories of value chain of design service on pre-construction phase, quality service on construction phase, client service on constructed phase . This study is expected to explore the new nuclear value of management strategy on construction industry specialized at the constructions of personal and custom luxury real estate. The research target of this study is Hergoo constructions company which established ‘’Hergoo Utsukushi Villa’’ in 2007, after that Hergoo has created the enterprise belief of ‘’Team integrated for tailor-make’’, and this case study focus on the implement and practice processes of company belief. The author has been participated in the full processesof belief executed and collected the related information. They are analyzed with literature and theories in order to rundown on the views. A construction company which specialized at customized villas has to create a different business management compared with general construction companies. This is not only providing the services extend horizontally but also more vertical integration (one stop service) of comprehensive services. Therefore, Hergoo has established an excellent association of reputation vendors, five-start level vendors, clients fellowship, etc. Hergoo had progressively participated in the associations of construction quality control, architecture peers, construction designer community, and are using the thinking of innovation, integrated team with high efficient, this is the reason why Hergoo is able to provide an available and comfortable housing by tailor-made service. Under the circumstance of economy depression and supply exceeds demand, how to provide more excellent service quality of customized luxury real estate, and let the clients easy follow the philosophy of ‘’Hergoo for constructing the villa with own land’’, and let Hergoo create a reliable trust with client by word-of-mouth and improve the service satisfaction of quality raised, it delivered the differentiated competitive advantages.

APA, Harvard, Vancouver, ISO, and other styles

32

Li, Chia-Ping, and 李佳萍. "The Impacts of Luxury Tax on the Price and Quantity for Real Estate Markets—An Evidence from Changhua County." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/70275077437598729832.

Full text

Abstract:

碩士
明道大學
企業高階管理碩士班
102
This research explored the impact of luxury tax on the price and quantity for the real estate markets. We used the methodology of event study to examine the effect of the luxury tax based on Changhua city, Yuanlin township and Homei township in Changhua county. The results showed that the luxury tax only produced the temperature decreasing to real estate markets’ turnover, but it did not have the remarkable influence on the price. It was deduced that the demand for living in Changhua County area caused the steady price and decreasing quantity of the real estate markets.

APA, Harvard, Vancouver, ISO, and other styles

33

張月玫. "The Influence of the Luxury Tax on the Real Estate Market- Case of Nantun District and Hsitun District in Taichung City." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/397kfv.

Full text

Abstract:

碩士
國立彰化師範大學
地理學系
101
High housing prices have become the first of the Taiwan people's grievances. Most people placed lifelong effort on 　housing. If housing prices collapse, the consequences will be miserable. Because some people expected housing prices can only rise, housing prices fell into the vicious cycle of rising. The Government did not solve the problem of speculation until the time before the election. The Government hastily launched the luxury tax to quell grievances. In this study, we chose Nantun District and Hsitun District as the study areas. This study hoped to investigate the transactions status of the real estate in Nantun District and Hsitun District before and after the imposition of the luxury tax, analyze the impact on the real estate market caused by the luxury tax, find out the shortcomings of the luxury tax, and draw up countermeasure and suggestions for the high housing prices in Taichung City. 　　First, we reviewed the relevant literature on the influence factors of the real estate market, and on the effectiveness of the land value increment tax. According to these research, we hoped to find out the factors affecting the development of the real estate in Nantun District and Hsitun District. In survey design and analysis, we collected data of the real estate transaction from private and official information, and chose interviews and questionnaires to gather information. To know the changes in real estate market in Nantun District and Hsitun District before and after the luxury tax imposed, we applied descriptive statistics to analyze mean and standard deviation of the questionnaire data, and analyzed by p-value further. Before and after the implementation of the luxury tax, changes on the real estate market including numbers of transactions and prices would also be analyzed. Lastly, we discussed the effectiveness of the luxury tax, and further proposed the improvement strategies. 　　By analyzing relevant information, questionnaires and interviews, the results showed that the real estate market in Taichung City will be influenced by urban planning and surrounding public facilities. Regarding the effectiveness of the luxury tax, volume fell in the first few months, but then trading volume slowly recovered. So, the effect of the luxury tax on the real estate market is only temporary. In addition, the luxury tax is shifted and the housing prices are raised. Therefore, it is unable to solve the problem of high prices. However, the luxury tax can effectively inhibit the short-term speculation.

APA, Harvard, Vancouver, ISO, and other styles

34

Lin, Wen-Hsiang, and 林文祥. "A Study of the Luxury Tax And Actual Price Registration Influencing Taiwan Real Estate Price: Evidences for Taipei, Taichung and Kaohsiung." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/87ezcs.

Full text

Abstract:

碩士
東海大學
財務金融學系碩士在職專班
103
This study mainly focus on how the implementation of actual price registration and luxury tax affect the real estate price of Taipei city, Taichung city, and Kaohsiung city in Taiwan. It utilizes Macroeconomic factors such as interest rate, CPI, exchange rate, salary, and industrial production index; and real estate industrial factors include rent index, usage licenses, and construction loan. And finally add correlation analysis to observe what factors could influence the real estate price in different areas in Taiwan. In order to understand how each factor relates with the real estate price of the northern, middle, and southern areas, this study combine Angemented Dickey-Fuller test(ADF), maximum-likelihood estimation (MLE), and Regression Analysis to see if the relation is outstanding. Here’s the result from Regression Analysis. First of all only interest rate, exchange rate, salary, industrial production index, and rent index have great impact on the real estate price. Second, luxury tax has no impact to Taipei city. Yet, the luxury tax influence the real estate price in Taichung and Kaohsiung, the result shows the real estate price gets higher instead of lower as expected. Third, the implementation of reporting the actual real estate price has positive impact on Taipei, Taichung, and Kaohsiung, which means the implementation can’t really control the real estate price to go up, it helps the real estate price to go up.

APA, Harvard, Vancouver, ISO, and other styles

35

Chin, Yousheng, and 覃友聖. "The Luxury Tax Execution Condition And The Related Subject Discussion - Take The Different County Facing The Real Estate Transaction Market As Examples." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/85256868847213093023.

Full text

Abstract:

碩士
靜宜大學
會計學系
100
In recent years, the people obtained no substantial increase, rising housing prices in major metropolitan areas, and gradually expanding gap between rich and poor, Various countries use housing policy subject to spread. Ministry of Finance R.O.C. statemented the special goods and services tax draft in March at 2011, commonly known as the luxury tax, the Legislative Yuan read through on May 3, and go into effect on June 1, at 2011, the legislation aims to improve the housing market, non-owner occupied real estate short-term transfer plus tax, to prevent the prices from rising, prompting real estate return to a reasonable and normal market transactions, to facilitate the overall long-term development. In addition, in order to maintain tax fairness to the bad perception of an equitable society, slow down the widening of the gap between rich and poor. In this study, the holding period of the luxury tax regulation from the regulatory side finds the scope of the exemption clause, and further discusses the actual price taxation mechanism. From the empirical surface before and after the luxury-tax purposes for luxury tax purposes may affect the effectiveness of domestic cities and counties building to transfer the trading volume and prices of real estate transactions, housing assessed present value of present value and land bulletin, according to the analysis of the luxury tax policy implementation effect. Findings confirm the implementation of the luxury tax, the transfer of a short period of Taiwan building transaction volume has markedly decreased in the counties and cities for real estate transaction prices higher for the transfer of building the transaction volume does have a relatively large impact; the purposes of the effectiveness of the luxury tax to curb the housing market transactions in the short term does have its obvious results, such as the flexibility to differentiate the tax rate to replace the current fixed rate, so that the regional real estate market balanced development to meet the luxury tax legislative purpose of a sound housing market.

APA, Harvard, Vancouver, ISO, and other styles

36

Chen, Yi-Ju, and 陳薏如. "Impacts of the Luxury Tax Policy to Business Cycles of the Real Estate and the Banking Mortgage Loan Business –An Example from Bank A." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/udans9.

Full text

Abstract:

碩士
淡江大學
國際商學碩士在職專班
100
In the internet voting survey held by the Research, Development and Evaluation Commission of Executive Yuan of Republic of China(Taiwan) in year 2010, “Overvalued Real Estate” is selected as the most popular among top 10grievance complaint of the people. Since year 2011, Taiwan government started to researchthe possibility of practicing Luxury Tax Policy for the purpose of reducing real estate prices, stopping speculators short-term transactions, avoiding speculative bubble crashing risks, reducing house price from existing high level, minimizing social poverty gap, realizing taxation fairness and social justice. In summary, there are two important meanings of imposing Luxury Tax to Taiwan real estate market: 1. To stop short-term transactions made by speculators so that the market pricing mechanics will come back to be motivated based on rational residential demand and commercial investment needs. 2. The government can obtain real transaction prices through such taxation so that the transactions became more transparent and the real estate market activities will become healthier. The practice of Luxury Tax Policy has shocked and generated huge impacts to Taiwan real estate market and the industry. Because it is practiced for less than 1 year, there are no much related studies, nor researches done in academy field until now, and it is very difficult to collect sufficient statistic database for discovering the practical effectiveness of the Luxury Tax Policy to real estate market. Besides mentioned influences, the practice of Luxury Tax Policy will also impact to the housing loan market run by banks. The study is targeting to make comparison with the data analyzing on internal work of the credit investigation case quantity, house value evaluation enquiry quantity, total and local new housing loan applications receiving quantity, and new loan made by back A before and after the practice of Luxury Tax Policy in June of year 2011, which is announced already in February of the same year. With the foundation of such data comparison and the analyze, the study tried to understand the relations between the practice of Luxury Tax Policy and the real estate market, and the variations of real estate market due to the practice of Luxury Tax Policy. The main purposes of this study are summarized as below: 1. The study is to understand how the Luxury Tax Policy has impacted Taiwan real estate market. 2. The study is to know how the Luxury Tax Policy influent a bank’s sales performance regarding housing loan product. 3. The study is to discover the potential impacts of Luxury Tax Policy to bank A regarding the sales revenue and the quantity of approved lending came from housing loan market.

APA, Harvard, Vancouver, ISO, and other styles

37

Fang, Cheng Pei, and 鄭佩芳. "Before and After Luxury Tax , An Empirical Analysis on Risk Factors of the Price for the Real Estate－The Case of the Five Municipalities in Taiwan." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/cc3a28.

Full text

Abstract:

碩士
大葉大學
管理學院碩士在職專班
102
Owning a house is a basic necessity . In recent years, the prices of houses are keep going up but the salaries are still the same as ten years ago, now buying a house is very difficult. ”High house price” has become the Taiwan people’s grievance. Government’s fiscal policy on the domestic real estate market will inevitably have a major impact. Tax changes and adjustment will also give the real estate market changes in supply and demand. In order to combat speculators invest the gradually rising house price and increase national revenue, the government launch a new strategy – luxury tax. This study analysis about five metropolitan areas of high house price impact factor during implementation of luxury tax three- year period. According to the data of Taiwan real estate transaction center, this study obtained 15392 samples from five metropolitan residents. In view of hedonic price theory ,study the factors affecting the real estate transaction, and establish house price predictive modeling. Through the empirical analysis find that floor space, year of construction, building types and variables such as total floors, all has a significant impact on house price, and the double-logarithmic hedonic price model has a better explanatory power. Implementation of the luxury tax can help curb the trading with price and volume in northern and central region. The southern region is less affected.

APA, Harvard, Vancouver, ISO, and other styles

38

Chang, Jin-Chiuan, and 張晉銓. "The Research of Property Management Industry’s Orientation in Real Estate Industry－Taking Induction of Earlier Period Planning of Property into the 7th Redevelopment Zone Luxury Mansion as An Example." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/91706103099745816378.

Full text

Abstract:

碩士
逢甲大學
土地管理所
99
Viewing from the real estate building life cycles, a construction company and the property management business almost can be said as participating the entire process, namely, the construction company: from land acquisition in earlier period, design and planning, to building and construction, and warranty in later period, and property management company: maybe partaking from the earlier period planning to the operation management in later period; it (property management company) plays a decisive role in real estate building life cycles, and should be deemed as the real estate industry; however, presently in Taiwan, Property Act has not been passed, and in our society, it’s common that people do not regard property management business as one of real estate business; hence, the Value Position research considered that for its, it should be re-defined as real estate business. Therefore, the setting of the research was that: using the earlier period planning’s influence on real estate in cognitive value as evidence. The earlier period planning means for operation and management quality in later period and decreasing the construction company’s warranty cost, the property management company would propose a planning advice that cooperates with the construction company’s Value Position demand and aims at property management in the design planning stage. The research chose the luxury mansion in 7th Land Consolidation Area of Taichung City as an example to do the research, and via the value chain cognition to take the construction company and householders of luxury mansion in 7th Land Consolidation Area of Taichung as the investigation subjects respectively. In March 2011, the research held a symposium to invite experts in industrial, government and academic circles to discuss the earlier period planning service of property management, and ask the customer service department and engineering department of the construction company to discuss what were the problems they met in the past after the house handover, expecting they were solvable after induction of early period planning. Afterwards, the symposium’s data were referred to adjust the questions in the questionnaire, a questionnaire survey was conducted among luxury mansion households in April 2011, and the data statistical analysis of household viewpoint was made. Finally, the research findings showed that the experts generally thought that the earlier period planning with property concept should be induced in real estate building, and they recognized its value and influence; at the part of householder questionnaire, the results showed that the householders had high expectation on earlier period planning and property management service; the real estate projects that adopted the advice of earlier period planning in the past were relatively closer to the householders’ expectations in statistical analysis results, and the ones that adopted little advice were opposite and needed to be improved.

APA, Harvard, Vancouver, ISO, and other styles

39

Lin, Bo-Shen, and 林柏伸. "The Impacts of Luxury Tax on the Price and Quantity for Real Estates Markets – Evidence from Taipei City." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/89714991385719334155.

Full text

Abstract:

碩士
朝陽科技大學
財務金融系碩士班
100
This research explores the impact of luxury tax on the price and quantity for the real estate markets. We use the methodology of event study to examine the effect luxury for the Da''an District, Zhongzheng District, Xinyi District in Taipei City as an example. The results show that the luxury tax only produces the temperature decreasing to real estate markets’ turnover, but do not have the remarkable influence for the price. It is deduced that the class certificate of the luxury tax can not effectively reduce the overheated housing prices, this is still the original by investors who earn spreads sizzling housing market, have to earn the spread investors have taken the other the subject, but caused turnover the amount of atrophy. Key Words: luxury tax, real estate markets, event study

APA, Harvard, Vancouver, ISO, and other styles

Dissertations / Theses on the topic 'Luxury Real Estate'

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles