• Journal of the Economic Geographical Society of Korea
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• v.13 no.2
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• pp.234-252
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• 2010

This paper examines the tendency of housing assets to become increasingly quasi-financial assets by analyzing the relationships between risks and returns in three Gangnam districts (Gangnam-gu, Seocho-gu and Songpa-gu) apartment markets in Seoul, especially for the apartments to be reconstructed, capitalizing upon some capital asset pricing models (CAPM). A single factor CAPM model shows positive relationships between risks and returns regardless of the types of apartments in three Gangnam districts. Multi-factors CAPM models also confirm that the market and SMB (small minus big) factors are positively related to the rate of returns regardless of the types of apartments. However, the unsystematic risk factor is found to be statistically positive especially for the apartments to be reconstructed, while the momentum factor is dependent upon the regression models used. An analysis on some portfolios classified by the size of apartments and price volatility and/or beta values suggests that there are the positive linear relationships between risks and returns and the SMB factor is clearly found to be significant in determining the rate of returns. In particular, housing assets are highly highlighted as investment goods and/or quasi financial assets for the apartments to be constructed in the Gangnam housing.

• Journal of the Korean Geographical Society
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• v.38 no.6
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• pp.949-960
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• 2003

The marginal implicit price of air quality can be measured by taking a partial derivative of hedonic price function (HPF) with respect to the level of air quality. It has been pointed out that the size of the marginal implicit price varies with the use of different function forms, different estimation methods, and the different ways of measuring air quality level in estimating HPF. In addition to these factors, this study shows theoretically and empirically the way housing properties are represented on a digital map could differentiate the size of marginal implicit price of air quality when GIS is used to measure location attributes of the housing properties in the Korean apartment market. Furthermore, this study shows that the degree of difference in the marginal implicit price due to the manner in which housing properties are represented on a digital map can be larger than the degree of difference in the marginal implicit price due to using different function forms and estimation methods. The major implication from the results of this study is that one should carefully try diverse ways of representing housing properties in the Korean apartment market on a digital map in the process of estimating HPF, as he or she usually tries diverse function forms and estimation methods, to see if the value of the marginal implicit price of air quality varies substantially.

• Korean Journal of Construction Engineering and Management
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• v.22 no.2
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• pp.42-52
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• 2021

The cost of remodeling parking lots of apartment houses accounts for about 20 percent of the total cost of remodeling. This means that when the remodeling cost of the underground parking lot is known, it becomes possible to estimate the total construction cost. The standard of estimation referenced when calculating the construction cost is difficult to apply to calculating the remodeling cost. Thus, a construction cost estimation model that reflects the characteristics of remodeling construction is necessary. This study developed a basic construction cost estimation model for expansion remodeling of underground parking lots of apartment houses that calculates the approximate cost of construction by reflecting the characteristics and design elements of remodeling. Based on literature review and consultation with experts, 37 activities of underground parking lot remodeling construction were derived. In order to enable calculation of approximate construction cost before the remodeling design drawing is finalized, the quantity calculation formula and unit price for each activity were presented. Based on expert advice, 13 factors that affect the increase in construction cost and weights of each factor were determined. As a result of applying three cases of remodeling complexes to the basic cost estimation model, the accuracy was confirmed to be 93 percent on average.

• The Journal of the Convergence on Culture Technology
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• v.8 no.6
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• pp.661-666
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• 2022

This study presented the criteria for analyzing the corrosion of the powder extinguisher storage container according to the useful life, and conducted an experiment on the market area, the factory area, and the apartment building area to ensure proper performance at all times and drew the following conclusions.First, the experimental value for the degree of corrosion of external contact storage containers was found to be unsuitable in the factory area in 2014. In 2012, the experimental value for the degree of corrosion of external contact storage containers in apartment complexes was found to be inappropriate. Second, the experimental value for the dropout of the external paint in the storage container was found to be inappropriate in the factory area in 2014. In 2012, the experimental value of the degree of coating of the external paint storage container in the apartment building area was found to be inappropriate. It was analyzed that the useful life of the fire extinguisher is 10 years, and if it passes the sample test only once, it will be used for up to 13 years, but in fact, the difference varies greatly depending on the surrounding environment of the fire extinguisher place. Since the degree of corrosion of the storage container of the fire extinguisher from 8 years of the fire extinguisher's useful life is clearly decreased, it is judged that 5 years of the fire extinguisher is appropriate.

• Journal of the Korean housing association
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• v.19 no.4
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• pp.59-69
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• 2008

Based upon the research and analysis on the downtown residents' satisfaction with their current housing areas and preference for future housing areas, this study clarifies the following. First, the breakdown on various factors influencing the housing environment indicates that downtown residents are the most satisfied with the easy access to the public transportation, and cultural and commercial facilities. Second, they are not content with the amenity aspects such as the air, noise, and the surrounding views, and the economic aspects such as the prices of the houses and the prospects for future investment. The low satisfaction suggests that the amenity aspects and economic aspects should be considered for future downtown housing development. Third, more than half of the residents in downtown areas still prefer to dwell in downtown areas. In the future downtown development, the close analysis on the characteristics of downtown dwelling, and the researches on the right direction of downtown housing development for the whole citizens of Daegu should be done in advance. Last, the majority of people wishing to reside in downtown want medium- or large-scale apartment complexes. In the future downtown housing development, it should be focused on the downtown residence with complex functions rather than on the small-scale maintenance projects.

• Proceedings of the IEEK Conference
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• 2002.07a
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• pp.591-594
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• 2002

This paper presents a systematic method of probing channel characteristics and communication reliabilities of home power line communication network applied to the Internet accessed control of home appliances. The effects of the three performance deteriorating factors, i.e., additive noise, channel attenuation, and intersymbol interference, can be systematically measured by applying the channel probing waveform in the frequency range from 100㎑ to 450㎑. Probability of bit error is derived with the probed channel parameters of the signal attenuation, noise and signal-to-interference ratio read in the frequency domain. The agreement between the derived probability of bit ewer and the measured probability of bit error support the validity of the proposed approach of probing home power line channel characteristics. The experimental results performed with the constructed test-bed applying the Proposed channel probing method and the operation reliability measurement of the overall networked system also support the feasibility of commercially deploying the PLC modem installed home appliances and their services for the Internet accessed home automation in densely populated residential apartment complexes.

• The Journal of the Korea Contents Association
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• v.20 no.6
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• pp.717-729
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• 2020

As the environmental pollution problem in modern society is rapidly changing with industrialization, the environmental pollution problem has a direct or indirect effect on various fields. In particular, heavy industry pollutants can be a significant variable in site selection and realestate value. Therefore, this study is based on transaction data of 13apartment complexes in Maanshan City, a representative steel city in China, and uses the Hedonic Price Model to study the effect on real estate prices, mainly on heavy industry pollution during environmental pollution. The conclusion shows that the farther away from the source of pollution, the higher values are.

• Journal of The Korean Digital Architecture Interior Association
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• v.12 no.1
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• pp.35-43
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• 2012

This study aimed to seek a method capable of hedging a rising risk of housing rent price by introducing derivatives with the target of Korean housing rent markets. The research model used in this thesis progressed a research by applying a futures contract method with the target of the rent price of major apartments in Gangnam and Gangbuk Regions of Seoul. As an analysis result, the rent price of all complexes has risen during its analysis period, so it could be confirmed that the CRB future index was also risen according to this. Finally, it was confirmed that the rising risk of the rent price can be hedged through a purchase position of futures. But, as the difference between rent price variation and CRB future index variation occurs, it appeared that 100% of hedge is difficult. However, it is judged that if considering that a method capable of hedging the rising risk of the existing rent price was nonexistent, the hedge trading effect utilizing the CRB future index on the rent price will be meaningful.

• Korean Journal of Construction Engineering and Management
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• v.4 no.4 s.16
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• pp.137-144
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• 2003

Recently, the interest in a complex building increases rapidly in Korea. High-rise complex is not simply the combination of a residential apartment and a business office as previous but a building with the object of the convenience of the residents familiar with city-life style through adapting the high class life style and new residential culture to the business space, and the efficiency in using the limited building site in the town. This study presents an exploratory analysis focusing the structural system with the help of the extensive survey of the construction site in Korea, and aims a guideline for the structural design and construction of high rise complex. Through the survey, change and development in the design and the construction can be seen as the height and size of the complex grow. It is almost indispensable to design a structural system against lateral forces like earthquake or wind, which is usually measured by story drift ratio or story displacement. Improvement of the structural materials and their usages is also included for the efficiency of the structural system. Useful slab-beam system contributing to the decrease of the story height is still a concern.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.12 no.6
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• pp.2718-2721
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• 2011

This research developed a remote communication system for automatic water meter reading and charge calculation from the field of a house or apartment complexes within the same district. Developed system was applied to perform measurements of the pulse-sensing technology, the minimum power consumption, temperature compensation, short-range wireless communications technology, the handset and wireless communication capabilities of the DB management embedded software to efficiently control. Through this reading-related tasks that are required in a temporal, material and human resources can be minimized.