Browse > Article
http://dx.doi.org/10.5762/KAIS.2012.13.8.3747

A Case Study on the Effect of Price Ceiling Regulation on the New Apartment Price  

Ryu, Je-Moon (Korea Appraisal Board)
Shim, Jae-Heon (Department of Urban Engineering, Pusan National University)
Lee, Sung-Ho (Department of Urban Engineering, Pusan National University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.13, no.8, 2012 , pp. 3747-3756 More about this Journal
Abstract
This paper examines the effect of price ceiling regulation on the new apartment price. The analysis procedure of the study is divided into two parts, which stand for a case study on the effect of price control on the new apartment price and the survey of real estate experts on price ceiling regulation. The empirical results of our case study show that the selling price under price ceiling regulation is generally lower than that in the situation of price deregulation, in terms of the land development expense and construction cost. With regard to the survey results, more than half of respondents have opinions that price ceiling regulation has an impact on the new apartment price and lowers the price. They are equally divided pro and con regarding the problem of keeping or discarding the regulation.
Keywords
Price Ceiling Regulation; New Apartment Price; Price Deregulation; Land Development Expense; Construction Cost; Market Price;
Citations & Related Records
연도 인용수 순위
  • Reference
1 G.S. Kim, "A Study on Problems and Improvements of the Apartment Housing Prices under the Price Ceiling System", Kyonggi University, 2008
2 H.J. Jeong, "A Study on the Regulation Improvement for Private Housing Supplier in relation to the Price Cap Regulation in Pre-sale Price of Hosing", Residential Environment, v.5, n.1, pp.1-15, June, 2007
3 S.Y. Kim, "A Study on a Determination Logic of a Upper-limit Apartment Sales Price", Kangnam University, 2008
4 Y.L. Shim, "A Study on the Project Benefits and New Apartment Sale Price according to applying a Sale in Lots Price Upper Limit System, Konkuk University, 2007
5 S.Y. Shin, "A Study on the Effect of the Sale-price Ceiling System on the Redevelopment and Rebuilding Project", Konkuk University, 2010
6 S.W. Kim and J.H. Kim, "The Significance and Limitations of Price Control on New Apartments by applying ANCOVA", Journal of Korean Regional Development Association, v.22, n.3, pp.97-122, September, 2010
7 D.W. Shin, "A Study on the Rational Appraisal of Building Land for Maximum Sale Price of an Apartment House", Kyungpook National University, 2007
8 K.K. Kim and W.P. Kim, "A Study on the Public Opinion Survey on Disclosing the Original Unit Cost of Apartment for Rational Administration Method through Governance", Journal of Architectural Institute Korea, v.24, n.3, pp.177-184, March, 2008   과학기술학회마을