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A Study Over the Relationship Between Apartment Prices and Distances from Expressway interchanges (In the case of the Seoul Beltway)  

O, Heung-Un (경기대학교 도시교통공학과)
Kim, Tae-Ho (한국도로공사 도로교통연구원)
Publication Information
Journal of Korean Society of Transportation / v.27, no.6, 2009 , pp. 89-96 More about this Journal
Abstract
The present study is performed to identify the relationship between apartment prices and distances from freeway interchanges. To collect consistent data and to simplify the sphere of the influence, the Seoul beltway was selected as the target road. Two sides of the Seoul beltway such as the inner side and the outer side are partitioned following the whole beltway line. The maximum distance to be taken care of in data collection was 6.0km from freeway interchanges. Results show that there exist consistent patterns between apartment prices and distances from freeway interchanges. In detail, if the apartment is located on the sphere of the influence, it is shown that a) the prices are increased overall b) the prices are low at very near of interchanges c) the prices are increasing up to the points of about 2.0~4.0km from interchanges d) the prices are decreasing after the points. Additionally, it is shown the pattern observed was following approximately a quadratic curve which is different from the liner curve obtained from the similar study over the sphere of the influence in railway(Subway).
Keywords
Expressway; Interchange(I/C); Accessibility; Apartment prices; Seoul Beltway;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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