[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.5762/KAIS.2017.18.5.587

The estimation of selection probability on the preference of unbundled parking system and sales discount rate -targeted for the public apartment residents in Seoul-

Chung, Sang-Woon (Graduate School of Urban Studies, Hanyang University)
Rho, Jung-Hyun (Graduate School of Urban Studies, Hanyang University)

Publication Information

Journal of the Korea Academia-Industrial cooperation Society / v.18, no.5, 2017 , pp. 587-595 More about this Journal

Abstract

The study examinesthe hindrance factors including various laws and institutions with regard to the Unbundled Parking System (UPS) that has recently attracted the greatest attention as a way to manage traffic demand for sustainable development, efficient utilization of parking spaces, and to overcome the unstable housing market.The direction of improvement of related laws and institutions is also suggested. Its usage is proven by countries such as the United States of America and France, as they have already implemented this institution. To lay the foundation for the introduction of UPS of our own country, a survey on the preference for UPS was conducted. The survey equally divided 300 respondents into three clusters based on the sales price of apartments in Seoul. The analyses revealed that all three clusters have similar preferences (cluster 1: 68%, cluster 2: 62%, cluster 3: 65%) on UPS, and younger groups seem to answer in the affirmative more than the other age groups no matter what cluster they belong to. In conclusion, the results on the estimation of selection probability on the preference of unbundled parking system and sales discount rate are as follow. The groups of non-vehicle users have higher preference on UPS. When the discount rate is 14%, 69%, 77% and 62%ofrespondents would choose unbundled parking system for clusters 1, 2 and 3, respectively (￦6,370,000/PY,￦3,930,000/PY and ￦2,270,000/PY reduce when applying avg. sales price, respectively).

Keywords

Apartment Houses Sale System; Construction Sales System; Independent parking spaces; Selection Probability; Unbundled Parking System;

Citations & Related Records

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