Journal of the Korean housing association (한국주거학회논문집)

The Korean Housing Association (한국주거학회)
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Empirical Analyses of Physical Exclusiveness of Multi-family Housing Estates in Seoul and Its Socioeconomic Effects

아파트단지의 물리적 폐쇄성과 사회경제적 효과에 관한 실증분석

  • Received : 2012.08.24
  • Accepted : 2012.09.27
  • Published : 2012.10.25
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Abstract

This study empirically investigates the degree of physical exclusiveness of multi-family housing estates and its socioeconomic effects. By combining various physical elements devised to blockade and control the entrance to the estate as well as housing units, it constructs the index to quantify the degree of physical exclusiveness for the multi-family housing estates of more than 300 households in Seoul. The statistics reveal that the degree of physical exclusiveness has increased over time and therefore, as a representative example, two-thirds of the estates are now equipped with barricade at the entrance, which often symbolizes 'gated community'. The estimation result of hedonic price model show that physical exclusiveness has a significant positive effect on housing price. The household survey data for the case study estates also demonstrate that the residents in the estate of higher degree of physical exclusiveness put a higher housing value on socioeconomic 'prestige' as well as 'community', beyond physical 'security', and have closer neighborhood relationship with the residents inside the estate. However, there is no significant difference in neighborhood relationship with the outside residents depending upon the degree of physical exclusiveness.

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References

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