• Journal of the Economic Geographical Society of Korea
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• v.10 no.3
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• pp.245-262
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• 2007

This paper aims at analyzing the characteristics of performance and asset management system of listed property trusts(LPT) in Australia, and elucidating the implications for Korean real estate indirect investment market. The main results of this paper are as follows. Firstly, LPT have a leading position among the real estate indirect investment systems in Australia, through the rapid growth of market capitalization. Secondly, LPT achieved superior risk adjustment performance than other financial products, and had valid portfolio diversification effect. Thirdly, many LPT have used stapled securities structure as a asset management system, and stapled LPT revealed superior risk adjustment performance than unit LPT. Finally, implications and policy measures such as using the stapled structure and activating the development activities were examined for the development of Korean real estate indirect investment market.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.14 no.11
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• pp.5465-5475
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• 2013

In this study, when to invest in real estate abroad, to present a real option in the way of decision-making. Thus, by using the binomial option model of one of the real thing and DCF, we compared the choice of real estate investment in China and South Korea. Research concerns the real estate market of Shanghai and Seoul, Analyzed the data between 2001-2009. Results were calculated NPV investment period (Net Present Value), Seoul appears in 435.44, Shanghai was 398.26. Investment decision by NPV method will select Seoul. However, as a result of calculating the value using the real option, it was found that for Seoul appear in 615.4, Shanghai has been shown to 626.1, and is suitable for investment in Shanghai. Assuming on the basis of this, that it has invested in practice, and compare the results, Seoul is intended for since 2010, real estate prices fell to 2013 currently, damage has occurred, profit's occurred Shanghai. This ensures that when making decisions in real estate investment and to use the real option than the existing DCF is appropriate.

• 주택과사람들
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• s.193
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• pp.80-81
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• 2006

부동산 정책과 법령이 자주 바뀌는 가운데 이를 잘 챙기지 못할 때가 많다. 부동산 시장을 제대로 바라보고 투자를 할 때 반드시 알아야하는 부동산 법령과 새롭게 바뀐 정책 및 법규.

• 주택과사람들
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• s.199
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• pp.88-89
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• 2006

부동산 정책과 법령은 자주 바뀌어 이를 챙기지 못할 때가 많다. 부동산 시장을 제대로 바라보고 투자를 할 때 반드시 알아야 하는 부동산 법령과 새롭게 바뀐 정책 및 법규를 알아본다.

• 주택과사람들
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• s.198
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• pp.88-89
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• 2006

부동산 정책과 법령은 자주 바뀌어 이를 챙기지 못할 때가 많다. 부동산 시장을 제대로 바라보고 투자를 할 때 반드시 알아야 하는 부동산 법령과 새롭게 바뀐 정책 및 법규를 알아본다

• 주택과사람들
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• s.194
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• pp.88-89
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• 2006

부동산 정책과 법령이 자주 바뀌는 가운데 이를 잘 챙기지 못할 때가 많다. 부동산 시장을 제대로 바라보고 투자를 할 때 반드시 알아야 하는 부동산 법령과 새롭게 바뀐 정책 및 법규.

• KIPS Transactions on Software and Data Engineering
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• v.12 no.9
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• pp.419-430
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• 2023

Currently, NFTs have no dominant application except for the proof of ownership for digital content, and it also have small liquidity problem, which makes their price difficult to predict. Real estate usually has very high barriers to investment due to its high pricing. Real estate can be converted into NFTs and also divided into small value fungible tokens (FTs), and it can increase the the volume of the investor community due to more liquidity and better accessibility. In this document, we implement and design a system that allows ordinary users can invest on high priced real estate utilizing Black Litterman (BL) model-based Portfolio investment interface. To this end, we target a set of real estates pegged as collateral and issue NFT for the collateral using blockchain. We use oracle to get the current real estate information and to monitor varying real estate prices. After tokenizing real estate into NFTs, we divide the NFTs into easily accessible price FTs, thereby, we can lower prices and provide large liquidity with price volatility limited. In addition, we also implemented BL based asset portfolio interface for effective portfolio composition for investing in multiple of real estates with small investments. Using BL model, investors can fix the asset portfolio. We implemented the whole system using Solidity smart contracts on Flask web framework with public data portals as oracle interfaces.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.5 no.6
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• pp.562-570
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• 2004

Since 2001, REITs are introduced in Korea as a type of general REITs and CR-REITs. But REITs are not succefully settled down in Korea. The purpose of the study is to propose the way to activate REITs in Korea. We should make up for the weak points in the current REITs system. For the success of REITs the followings are prepared.: first, REITs give a current, stable dividend income. second, disclosure obligations should be satisfied. third, securities are registered with the SEC are required to make regular SEC disclosures. fourth, REIT manager should be skilled, experienced real estate professionals. sixth, REITs must distribute more percent of its taxable income to its shareholders. seventh, Ownership interests be more flexible.

• 주택과사람들
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• s.196
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• pp.34-39
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• 2006

부동산 투자에 있어 가장 중요한 것이 '입지'라면 그다음으로 중요한 것은 '타이밍'일 것이다. 2006년, 투자처로서 싱가포르가 매력적인 이유는 이 두가지 조건을 모두 충족하고 있기 때문이다. '아시아의 뉴욕'이라 불리는 싱가포르의 부동산 시장은 10년 간의 긴 침체기를 벗어나 이제 막 기지개를 켜고 있다.

• 주택과사람들
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• s.189
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• pp.40-43
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• 2006

전 세계인의 이목이 집중되고 있는 중국은 투자 대상1순위 지역으로 꼽힌다. 최근에는 고객들이 거꾸로 중국 부동산 펀드를 찾을 정도로 투자자들의 관심이 굉장히 높다. 하지만 중국 부동산 시장은 리스크가 높아 투자를 하기 전에 신중해야 한다.