市地重劃為台灣常使用的土地開發方式，此政策的規劃將影響該地區的土地市場。本文以台中市第十二期重劃區為例，探討重劃後土地交易與後續開發的情況，將給定重劃後新建的公共設施以及目前已有的既存設施，研究該土地的空間特徵是否會影響土地的交易情況，而其中參與的角色包含了土地所有權人、投資者與建設商。此外，過往的房地產研究中多著重於土地價格的分析，然而卻缺乏「量」之研究，本文將以土地交易次數作為被解釋變數，使用零膨脹卜瓦松模型，觀察重劃後交易的活絡程度。另一方面本文也將重劃完成後的開發分成兩階段，分別為初期土地間分割整合、買賣的階段，以及建商開發成建案的階段，將使用存活分析研究兩個階段的相距時間與空間特徵之關聯。本研究成果中發現，離新建設施與既有設施的距離對於土地交易量有不同影響，其中距離既有設施愈近，其交易量愈少。另外，某些既存設施的周圍也發現建商有養地之情形，使得周遭的土地並無獲得合適的利用。 / Land readjustment is commonly used in Taiwan for land development and the policy has a big impact on the local land market. This paper focuses on the case of the 12th land readjustment area in Taichung City and examines the land transaction in that area after land readjustment. This paper looks into the spatial characters of lands such as distance from new-built or existing facilities and analyzes the influence the spatial characters have on land transaction. The three parties of land transaction, namely the developers, investors, and the land owners, will be thoroughly discussed in this paper. In addition, most previous studies in real estate concentrate on analyzing the price of land instead of the numbers of the land transactions made. This paper uses the numbers of land transactions as dependent variable and zero-inflated Poisson model to analyze the activity in land market after land readjustment. Besides, the study will separate the development of land after readjustment into two stages: one is the phase when the land is divided, assembled, purchased or sold and the other is the phase when the buildings are constructed. This paper use survival analysis to study the relations between time and land transaction. The result of this research shows that the distance between existing facilities and lands does influence the frequency of land transactions: the closer a land is to existing facilities, the less land transactions are made. The study also discovers that the closer a land is to the existing facilities, the less likely developers are to develop that area.