| Title |
The Difference between IAPLP and RTLP and its Reason |
| Authors |
Lee Young-Gul ; Yoo Sung-Phil ; Hwang Jee-Wook |
| Keywords |
Individually Announced Public Land Price ; Real Transaction Land Price ; One-Way ANOVA ; Land Use ; Street Adjacency |
| Abstract |
The purpose of this study focuses on investigating the reasons why the IAPLP (individually announced public land price) is different from the RTLP (real transaction land price). As the analysis Method, the One-Way ANOVA is used. The 2 selected indicators as independent variables, Land use factors and street adjacency factors are slelcted and analyzed as independent variables: how much they affect the difference of land price determination between IAPLP and RTLP. In the process of descriptive analysis and post Hoc Multiple Comparisons, the weight of each factor is able to calculate the relation to the land price determination. Consequently, it is identified that the commercial use and the mixed use for residence and business among the land use factors and the adjacent lands over 12m streets among the street adjacency factors are not treated unfairly in calculating the IAPLP. Accordingly, it is necessary to put more weight on these 2 factors in order to reduce the price gap between IAPLP and PTLP. |