| Title |
Land Price Variation by the Seoul International District - Focused on the 3rd Class Residential District in Gangnam-Gu - |
| Authors |
Ju, Minjeong ; Lee, Jaewon ; Lee, Sangyoub |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2019.20.5.115 |
| Keywords |
Seoul International District; Large Development Project; Land Price Variation; Real Transaction Price; Hedonic Price Moel |
| Abstract |
The purpose of this study is to analyze the housing price variation within the redevelopment project district, affected by the characteristics of project and implementation stage. This study implemented the hedonic price model employing the actual transaction price with 24 dependent variables from 2006 to 2016 inside 19 redevelopment districts in Seoul. Research finding indicates that the larger ratio of the number of tenants and general distribution, the smaller ratio of rented households and the more positive effect of housing price. It is noteworthy that this study demonstrated the actual transaction price of houses located within the project districts by implementation stage. This study is expected to help the policy makers, the developers and the investors make more reliable decisions on the feasibility study related to the redevelopment project. |