• Title/Summary/Keyword: Housing Market

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A Study on the Differentiating Design Factors to Take the Lead in the Apartment Housing Market (주택시장에서 경쟁력을 갖기 위한 아파트 차별화 요소에 관한 연구)

  • Ha, Mi-Kyoung;Park, Nam-Hee;Lee, Kyeong-Hee;Jung, So-Won
    • Journal of the Korean housing association
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    • v.18 no.2
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    • pp.1-9
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    • 2007
  • This survey on the housing consumers in the Daegu region aims to understand their needs for differentiating design items, which are now regarded to be essential factors to take the lead in the apartment housing market. The survey questionnaires on the differentiating items in six categories, were filled by 135 apartment households in Deagu, and the answers on each item were analyzed according to their home size and age. For the general apartment plan, the strongest need was found in the energy saving design; and larger windows for a fine view are significantly favored by the older households. For the unit design, more households were interested in the design items related to the kitchen or subsidiary-kitchens. For the storage space design, enough space for ampler storage was desired the most. For the interior design, prevailing needs for the use of environment-friendly furnishing materials and the non-slippery flooring of bathroom were found. For facilities and up-to-date system design, most of households displayed their interests in noise-proof doors. For the environment design of the complex, the need for a walk passage was highest in general.

The Prediction of the Apartment Construction Project Cashflow with Changing Sales Point (분양시기 변동에 따른 공동주택 건설공사 현금흐름 예측)

  • Bae Jun-Ho;Kim Jae-Jun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.234-237
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    • 2003
  • The Korean housing supply have been provided by the Pre-construction sales system. The Pre-construction sales system contributed to large housing supply. But it followed by the market anomaly. Along the housing market is changing to tile market for consumers, it requires new policy and regulations. This market changes and needs to modify the policy make a discussion about introducing the Post-construction sales system. it concerns to change the time to sale. This paper analyzes the present feasibility study and makes a tool to predict construction cashflow considering changed sales point. The sales timing leads to decide the amount of financial costs in the construction project and that cost affects to the feasibility. The accurate cashflow prediction is required for a successful apartment construction delivery.

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A study on the time-varying causal relationship between the housing sales market and the jeonse market in Seoul (서울 주택 매매시장과 전세시장의 시간가변적인 인과관계에 관한 연구)

  • Min, Chul hong;Park, Jinbaek
    • The Journal of the Convergence on Culture Technology
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    • v.9 no.3
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    • pp.281-286
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    • 2023
  • This study analyzed the causal relationship between housing sales prices and jeonse prices in Seoul, specifically in the Gangnam and Gangbuk neighborhoods. The time-invariant Granger causality test showed bidirectional causality between the sales price and the jeonse price in Seoul and Gangbuk, but no bidirectional causality was found in Gangnam. However, the time-varying Granger causality test showed a Granger causal relationship between the housing jeonse price and the sales price for the entire period after 1993 in all three areas. Notably, the causal effect of jeonse prices on sales prices has been continuous in Gangnam since 2010. These analysis results suggest that an increase in liquidity supply to the jeonse market could increase volatility throughout the housing market, given the strong influence between the sales and jeonse markets in both directions.

A Study on the Current Condition of Quality Differentiation of the Apartment Unit Quality Planned by Domestic Housing Companies (국내주택업체의 단위세대 품질의 차별화 실태조사연구)

  • Cho, In-Sig;Park, Tae-Keun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.441-445
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    • 2007
  • The mass housing supply policy of the government has resulted in the customer-centered market, and thereby the age of quality competition in the industry. In line with this trend of quality competition, therefore, this preliminary study aims to investigate the requirements of housing product planning to live up to the needs of customers in terms of quality, and thus analyze the types of quality differentiation of a housing product unit in our housing market. It turned out that many cases attempted differentiation in such ways as merely using luxurious finishing materials and instantly popular environment-friendly materials, and combining partial and limited household items with architectural elements of the facility system. The result of this study shows that the differentiation plan of housing product should be customer-centered, and therefore, focus on quality differentiation through organic combination of architecture-oriented plane and interior elements with technology-oriented facility and product elements. Hereby, in the future, housing product planning should include sustainable differentiation plans with reconsideration of concepts that customers have, and the needed procedure.

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The Effects of Regional Characteristic Differences on the Migration (지역 간 특성차이가 서울시 청년층 이동에 미치는 영향 분석)

  • Kim, Leeyoung
    • Journal of the Korean Regional Science Association
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    • v.35 no.2
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    • pp.49-57
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    • 2019
  • The young generation in life cycle that social position is rapidly changing is play an important role in a regional development because they can increase social and natural population in the region. This study analyzed the relationship between the movement of young generation and the regional characteristics including housing market characteristics in Seoul. As the results, the movement of young generation was influenced by commuting distance and location of jobs as the gravity model has suggested. In addition, housing supply and housing price (or Jeonse price) is an important factor for the movement of young generation. It can be inferred that the more price gap such as Jeonse price and housing supply gap are increased, the more out-migration of young generation in Seoul is increased. However, the housing demand of young generation in employment centers will be increased because jobs contribute to increasing the inflow of young people. Therefore, the policies of central and Seoul government that supply housing in job rich and high accessibility areas are needed for young generation. In addition, if public housing and affordable housing are supplied in the other areas, it can contribute to reduce the out-migration of young people in Seoul.

Empirical Study on Factors Affecting Housing Transactions Based on Theory of Reasoned Action

  • Jong Young Yoo;Chang Geun Jeong
    • International Journal of Internet, Broadcasting and Communication
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    • v.15 no.2
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    • pp.89-101
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    • 2023
  • The purpose of this study is to empirically analyze the rational decision-making process and perception differences of housing transactions in the market environment. It was designed through an analysis of the factors influencing housing sales based on the rational behavior theory model. Objective evidence was provided for the impact factors affecting the attitude towards housing sales, with the spouse and children being identified as significant influencers. Additionally, children and friends were found to have an impact on subjective norms related to housing sales, especially for unmarried individuals under 40 years of age and those with low income, who were found to be more influenced by their parents. It was also discovered that the influence of these factors varied based on age and income levels. Younger individuals tended to rely more on their parents or friends, while those with high incomes showed stronger willingness to purchase homes. The presence of beneficial infrastructure for children was found to directly influence the decision to purchase a home. The study also provided objective evidence that the decision to purchase a home is influenced not only by economic factors but also by continuous encouragement and information from those around the buyer. These findings demonstrate the importance of the influence of close acquaintances in the rational decision-making process of home buyers. However, this study only investigated a limited portion of the factors influencing housing sales, as the market is affected by a variety of financial and governmental policies. Therefore, future research should consider various complex factors simultaneously when analyzing the influence of housing sales.

A Study on the Problems and Improvements of Business Process in the Housing Market Information System (주택시장 정보시스템의 업무 프로세스 문제점 및 개선방안에 관한 연구)

  • Yang, Dong-Suk;Kee, Ho-Young;Byun, Wanhee;Sim, Hyeon-Jeong
    • Proceedings of the Korea Information Processing Society Conference
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    • 2017.04a
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    • pp.799-801
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    • 2017
  • 최근 주택시장과 관련되어 운영 중인 정보 시스템들(주택공급통계정보시스템, 건축행정정보시스템, 부동산거래관리시스템, 마이홈 등)로부터 생성되는 데이터들을 연계 활용하여 국가통계로서 정확성과 적시성을 확보할 수 있는 방안 마련이 요구되어지고 있다. 본 연구는 주택시장 관련 정보시스템의 업무 프로세스를 검토하고, 운영담당자로부터 문제점을 분석하여 개선방안을 제시한다.

Forecasting Housing Demand with Big Data

  • Kim, Han Been;Kim, Seong Do;Song, Su Jin;Shin, Do Hyoung
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.44-48
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    • 2015
  • Housing price is a key indicator of housing demand. Actual Transaction Price Index of Apartment (ATPIA) released by Korea Appraisal Board is useful to understand the current level of housing price, but it does not forecast future prices. Big data such as the frequency of internet search queries is more accessible and faster than ever. Forecasting future housing demand through big data will be very helpful in housing market. The objective of this study is to develop a forecasting model of ATPIA as a part of forecasting housing demand. For forecasting, a concept of time shift was applied in the model. As a result, the forecasting model with the time shift of 5 months shows the highest coefficient of determination, thus selected as the optimal model. The mean error rate is 2.95% which is a quite promising result.

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Process of Forming Housing Notion for Later Life based on Life-time Housing Experiences of the Elderly (노년층의 생애주거 경험을 통해 본 노후주거관 형성과정)

  • Kwon, Oh-Jung;Lee, Yong-Min;Ha, Hae-Hwa;Kim, Jin-Young;Yeom, Hye-Shil
    • Journal of the Korean housing association
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    • v.24 no.3
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    • pp.95-108
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    • 2013
  • The purpose of this study is to explore the formation process of housing notion for later life of the elderly which is based on one's lifetime housing experiences. Qualitative data was collected through in-depth interviews with 6 highincome, highly educated aged women, who could select their housing and move voluntarily in old age and explain their housing experiences logically. The findings of this study showed that housing notion for later life was formed through a complex process of individual personality, lifestyle, housing experiences, housing values, housing market and period background as well as socio-demographic characteristics. This qualitative study has a significance as a holistic approach to reveal the lifelong experience of elderly individuals which had not been to deal in the quantitative research of housing for the elderly in the meantime.

Time Series Analysis of the Relationship between Housing Consumer Sentiment and Regional Housing Prices in Seoul (서울시 주택소비심리와 권역별 주택가격의 시계열적 관계분석)

  • Yang, Hye-Seon;Seo, Won-Seok
    • Journal of Cadastre & Land InformatiX
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    • v.50 no.1
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    • pp.125-141
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    • 2020
  • This study investigated the time-series relationship between housing consumer sentiment and housing prices in the five major districts in Seoul and also analyzed the effect of the housing consumer sentiment on housing prices using Granger Causality and VEC (Vector Error Correction) models. To describe the key results, first of all, housing consumer sentiment and regional housing market prices were closely related to each other, and the consumer sentiment strongly affected the change of housing prices. Second, the housing consumer sentiment was confirmed to have a discriminatory effect on the housing prices among the districts in Seoul in the short term. Specifically, the housing price of the east southern district (ESD) was the main reason for the change in housing consumer sentiment in Seoul, and that the resulting impact was transferred to other districts. Third, it was analyzed that regions other than the ESD would increase the housing prices in the long term as the housing consumer sentiment turned positive, but that the ESD would see a steady tone. Fourth, in the case of relative influence by district, housing (apartment) price fluctuation in a district was generally found to be most affected by adjacent or competitive districts. Through these findings, this study confirmed that there is a clear causality between housing consumer sentiment and housing prices in each district of Seoul and that there is a discriminatory influence on housing consumer sentiment among the districts.