| Title |
A Study on Affecting Price of Apartments and Feasibility by Floor Area Ratio - Focused on Gyeonggi-do Newtown Project Area - |
| Authors |
Jung Chang-Mu ; Kwon Oh-Hyun |
| Keywords |
Floor Area Ratio ; Housing Price ; Feasibility Study ; Development Density |
| Abstract |
The purpose of this study is to find out a basis on enacting development density which is raising conflict between local governments and developers recently. For this study we investigated the relationship between floor area ratio and housing price using ridge regression model, and also relationship between floor area ratio and business profitability using feasibility study. As a result, it seems that the floor area ratio was about 230% when the apartment price is at the maximum. The floor area ratio when business profitability is at the most is differs in 300∼380% by the development methods. Therefore, 230% floor area ratio is proper for the long-term residential amenity than short-term profitability. Addition to that, further research is required for the profit of the developers. |