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http://dx.doi.org/10.14400/JDC.2017.15.1.181

A Study of the Decision to Standardize Sale Price Model of Supplying Apartment Houses  

Hwang, Kyu-Sung (Dept. of Real Estate Management & Consulting, Dong-Eui Institute of Technology)
Lee, Chan-Ho (Dept. of Business Administration, Pusan National University)
Publication Information
Journal of Digital Convergence / v.15, no.1, 2017 , pp. 181-189 More about this Journal
Abstract
The purpose of this research is to set a standard for deciding competitive marketing prices of new supplying apartment houses and to analyze decision factors in sale price of supplying apartment houses with Analytic Hierarchy Process; the resulted model does not use the method that joins the land cost and the cost of construction together, but the method that compares the sales prices of surrounding apartments. This research tries to set a standard for decision of the prices of newly supplying apartment houses by classifying the determinants into the $1^{st}$ step(4 factors), the $2^{nd}$ step(9 factors), and the $3^{rd}$ step(25 factors). According to the process, the relative importance of decision factors in the sale prices is determined and this should be used as the index of sale prices for newly supplying apartment houses when the houses are provided. In addition, through the $2^{nd}$ step including 9 factors, the comparative model for sale prices is defined and the model is presented to be applied in the real business. Subsequent study additionally considering the factors apart from marketing which tries to find a generalized standard needs to be conducted.
Keywords
Analytic Hierarchy; Apartment House; Distribution; Importance; Computation;
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Times Cited By KSCI : 9  (Citation Analysis)
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