大型交通運輸建設,對都會區周邊房價之影響,早期文獻所進行驗證的實證資料,多直接採用高鐵站周圍住宅買賣成交案例,並未控制高鐵站區與台鐵站區間地區差異。因此本研究擴大研究期間以高速鐵路通車後之時間(2007/01/05-2012/07/31),探討嘉義高鐵站與台鐵站其周邊房價之差異。實證結果顯示,實證樣本距離愈接近嘉義高鐵站,房價愈高,具有明顯正向的資本化效果;台鐵站並無正向資本化效果;嘉義高鐵站與台鐵站周邊房價有顯著差異,顯示大型交通運輸建設對站區周邊房價影響大多反應於營運前期。 The construction of large-scale transportation systems showed impact on the house prices of surrounding metropolitan area. Majority of early empirical studies have only complied the data from residential Transaction cases surrounding the high-speed rail stations. The regional and interval differences between the high-speed rail stations and the Taiwan Railway stations were not taken into account. Therefore, this study expanded the study period, collected the data from the inauguration of high-speed railway (2007/01/05-2012/07/31) to investigate the differences in house prices of the surroundings of Chiayi Taiwan High Speed Rail Station and Chiayi Taiwan Railway Station. The empirical results show that the closer from Chiayi High Speed Rail Station, the higher the house prices, with a significant positive effect of capitalization. However, there is no positive effect of capitalization on Taiwan Railway Station. Furthermore, Chiayi Taiwan High Speed Rail Station and the prices are significantly different Chiayi Taiwan Railway Station, the impact on the house prices of the surrounding area of transportation station mostly reflected on the early period of operation.