| Title |
An Analysis on Indicators for the Economic Feasibility of Redevelopment Project - Focused on Landowner's Feasibility Analysis |
| Keywords |
재개발사업 ; 사업성 지표 ; 비례율 ; 조합원분양가율 ; 기타요인 보정치 Redevelopment Project ; Economic Feasibility Indicator ; Proportional Rate ; Ratio of Landowner's Housing Price ; Adjusted Measurement based on Other Factors |
| Abstract |
Many redevelopment projects have recently been canceled because their profitabilities are not as good as they were expected. So it is important to assess the economic feasibilities of the projects accurately. This paper aims to analyze the indicators of the economic feasibilities in redevelopment projects and to examine the relationships among these indicators. Also feasibilities of sample districts are compared and landowner?s expense shares are analyzed. The followings are the findings of the study: First, adjusted measurement based on other factors(x) and the ratio of landowner?s housing price(y) should be considered in addition to proportional rate(R) when the feasibilities of redevelopment projects are analyzed. Second, the slope of xR-graph is R?s sensitivity against x, and the distance between xR-graphs is R?s sensitivity against y. As x becomes smaller and y becomes bigger, R becomes more sensitive. Third, when R=1, x is directly proportional to y. If the xy-graph is located in the right-lower corner, the project is relatively more profitable. Fourth, if landowner?s land price is over particular value ( floor area per household × general housing price × Δy / Δx ), landowner?s expense share is inversely proportional to x. |