| Title |
The Impact of Topographical Factors on Land Price of Dilapidated Residential Complex : The Case of Cheong-ju |
| Authors |
Ahn Yoo-Jeong ; Lee Man-Hyung |
| Keywords |
Dilapidated Residential Complex ; Land Price ; Topographical Factors |
| Abstract |
This study focuses on major topographical factors which exert significant impact on land price of dilapidated residential complex in Cheong-ju. Specially, it pays attention to the relative importance of topographical factors and their dynamic relationship. In order to treat the topographical data on the dilapidated residential complex in Cheong-ju, this study heavily depends on commercial software packages. After accumulating sufficient amount of empirical data which would reflect topographical characteristics, it tries to categorize key attributes of various factors. In specific, it focuses on variables on height, slope, and surface direction. In addition, it adds variables on the road width and residential areas in the equations. After repeated experiments, it finds that there exists positive relationship between land price and road width. Among topographical factors, slope forms the strongest negative relationship against land price, followed by height and surface direction. In the regression analyses, both height and road width are statistically significant. In contrast, slope, surface direction, and residential areas are not statistically meaningful. These results imply that road width and height are two key factors in deciding land price changes of dilapidated residential complex in Cheong-ju. |