• Title/Summary/Keyword: Housing reconstruction project

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Analysis of Factors Affecting Economic Feasibility of Long-term Public Rental Housing Reconstruction Project

  • Joe, Won Goog;Cho, Jae Ho;Son, Bo Sik;Chae, Myung Jin;Lim, Nam Gi;Chun, Jae Youl
    • Architectural research
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    • v.24 no.3
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    • pp.85-91
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    • 2022
  • The public rental housing policy aims to provide the housing to the vulnerable class who do not have enough credit to own houses. The Korean government introduced new policies for housing supply to improve the availability of new houses. However, it is difficult to expand the supply because of the accumulated deficit of public rental housing. In this study, the economic feasibility of long-term public rental housing reconstruction projects was examined to ensure the economic and sustainable growth of public rental housing. The research found that the compensation for the accumulated deficit is needed. Also the research analyzed and identified the factors affecting the economic feasibility of reconstruction projects. The significant factors identified in this research are: the supply price of pre-sale/rental housing in the reconstruction project, total cost of the reconstruction project, and total floor area of the reconstruction project. According to the analysis results, it is necessary to increase the rent of existing long-term public rental housing, expand the government subsidy, increase the supply price of pre-sale/rental housing, and reduce the total project cost. However, there are limitations. For example, the fluctuations of construction market, residents' burden of housing costs, and the limit of the budget of the public housing authority. The increasing total Floor Area Ratio(FAR) limitation of the reconstruction project would be the realistic solution to the problem because it gives incentives to the reconstruction project.

A Study on Model Development of Cooperative Urban Housing by Neighborhood Agreement - Case Study on the Inner Residential Area, Sunchon City - (이웃협정에 의한 협조형 도시주택의 모델개발에 관한 연구 -순천시의 도심주택지에 있어서 케이스스터디 -)

  • 김영석
    • Journal of the Korean housing association
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    • v.14 no.6
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    • pp.193-204
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    • 2003
  • In connection with the plan for improving the residential environment gradually by analyzing the present condition of the reconstruction and parcel form of the housing area in a inner area, the main objective of this research is to develop a cooperative urban housing model based on the neighborhood agreement. The parcel form has a structure that is inappropriate for individual reconstruction; thus, the substantial improvement only through the residential environment improvement project has its limitations. As an alternative plan to resolve such limitations, I proposed a system that enables step-by-step reconstruction within the small-scaled blocks through the annexation of the land based on the neighborhood agreement. Nonetheless, I realized that it is difficult to apply such reconstruction system to individual housing. Therefore, I presented a design concept on the cooperative urban housing project as a residential form for the reconstruction inside blocks. A model plan vouches for its effectiveness. To apply substantially the cooperative urban housing plan based on the neighborhood agreement, we need to supplement the sectional plan system.

A Study on the CM Application to the Apartment Reconstruction Project - Focused on the CM Work Scope in the Reconstruction Project - (공동주택 재건축사업의 건설사업관리 적용방안에 관한 연구)

  • Kim Kwan-Whae;Yoo Moung Nam;Seo Jae-Woong;Hyun Chang-Taek
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.251-256
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    • 2001
  • After the late 70's, the apartment housing have been constructed numerously, but the apartment housing has been deteriorated and the maintenance cost has been increasingly upward as time goes by. Because of that, the reconstruction of the apartment housing is widespread in the late 90's. But as the owner, the congregation, is not an expert, there are many problems in the reconstruction projects. Thus, the necessity of the CM in the reconstruction project is getting higher, but the appropriate method for the application of the CM is not established yet. In this study, the CM work scope that is applicable in the reconstruction project is developed through the inquiry and interview to the experts. Especially, The work scope developed in this study is established to be adapted easily in the practical use for each project phase.

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A STUDY ON APPLICATION OF CONSTRUCTION MANAGEMENT(CM) TO HOUSING RECONSTRUCTION/RENEWAL PROJECT IN KOREA - Focused on Application of Construction Management (CM) in Professional Management of Renewal Business(PMRB)

  • Changgyo Kim;Jaeyoul Chun
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.649-654
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    • 2005
  • A new law, the Urban and Living Environment Improvement Act, was established, promulgated, and entered into by the Ministry of Construction and Transportation as of 1st July 2003. This system under this law, which improves currently executed consulting process and upgrade its level, is to execute the legal process and procedures that are necessarily required for housing reconstruction/renewal project.. This system requires to be supplemented with addition of reasonable, logical, and systemized tools of system. Through concurrent application of professional management of renewal business(PMRB), more benefit will be provided to housing renewal associations that are constituted with residences concerned for execution of CM project.

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A Study on the Change of Architecture Density and Residential Environment according to Reconstruction (재건축에 따른 건축밀도 및 주거환경의 변화 연구)

  • Kim, Hong-Bae
    • Journal of the Korean Institute of Rural Architecture
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    • v.19 no.1
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    • pp.35-42
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    • 2017
  • This study aims to investigate the change in building density and residential environment after the reconstruction of decrepit public rental housing complexes formed in accordance with the Land Readjustment Project during the 1970s-80s. The results of this study can be summarized as follows: First, in terms of change in residential environment after the reconstruction, floor plans that were limited to two to four types and to small apartments measuring $42.9m^2$(13py)-$56.1m^2$ (17py) became varied, presenting 5-6 types of floor plans and various sizes of apartments. In particular, the reconstructed apartments were mainly built in a size smaller than 85($m^2$) and in the 3LDK floor plan and staircase-style unit architectural structure in order to reflect the lifestyle of residents. Second, in terms of change in building density after the reconstruction, the building coverage ratio did not change a lot, but the floor area ratio showed great change depending on the complex, ranging from a minimum of 2.9 times (Singdong Complex) to a maximum of 5.4 times (Eoyangdong Complex). Such change is attributable to the reconstruction policy that aims to improve the residential environment for original residents, secure economic feasibility and efficiency, and reflect the lifestyle of residents while incorporating dividends assigned to the existing housing project members as well as the maximum floor area ratio allowed by the regulation. Additionally, in terms of change in the number of floors and building density after the reconstruction, the former 5-story apartments were changed to apartments with 16-28 stories. Accordingly, the number of households in each complex has also increased by 20%. Third, according to the characteristics of parking facilities in terms of the size and density of parking spaces, former apartment complexes had only aboveground parking lots, not underground parking area. The newly constructed apartment complexes have underground parking space, and the parking-housing ratio is 1.1-1.3 cars.

Improvement of Small-size Multi-housing Area Reconstruction Project Using AHP Analysis (AHP분석을 통한 가로주택정비사업의 개선방안)

  • Kim, Suk-Joon;Lee, Sang-Ho;Huh, Young-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.2
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    • pp.79-85
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    • 2019
  • The policy introduced recently in order to promote small-size reconstruction housing projects for rehabilitating downtown area consists of aged multi houses has been little practiced, as preferential provisions for such projects are more likely applicable for large projects. Several expert interviews and surveys were conducted to find efficient clauses to overcome the problems and their relative weights. As the results, it is revealed that 'relation of floor area ratio' and 'relaxation of building height limit criteria' are the most effective whereas 'purchasing and operating of residents' common facilities with public fund' is little. The study results would be a great interests for public institutions to rebuild aged housing area without destroying local communities and to provide socially disadvantaged class with rental housing at the same time.

A Comparative Study on the Association-led and Trust Company-led Methods in Reconstruction Business and Reconstruction Charges (조합방식과 신탁방식의 재건축사업 및 재건축부담금에 관한 비교 연구)

  • Lee, Han-Chang;Yoo, Seon-Jong
    • Journal of Cadastre & Land InformatiX
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    • v.49 no.1
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    • pp.29-43
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    • 2019
  • In this study, to solve the problem of the Association-led Housing Reconstruction Business (AHRB), as an alternative to the AHRB, the reliability of the Trust company-led Housing Reconstruction Business (THRB) is verified. To this end, the AHRB and the THRB comparison analyses were performed for the project period, income and expenditure, and the calculation of the Reconstruction Charges (RC). The results of the study are as follows: First, the THRB's business period is shorter than the AHRB's. Second, the THRB's business value is likely to be superior to the AHRB's. Third, due to differences in the calculation period of excess profit for housing reconstruction and the cost items related to implementer, the THRB's RC will be less than the AHRB's RC. Thus, the stability of the THRB has been partially verified as an alternative to the AHRB. The THRB is expected to expand further in the future.

A PROFIRABILITY MODEL BASED ON PRIMARY FACTOR ANALYSIS IN THE EARLY PHASE OF HOUSING REDEVELOPMENT PROJECTS

  • Kyeong-Hwan Ahn;U-Yeong Gim;Jong-Sik Lee;Won Kwon;Jae-Youl Chun
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.497-501
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    • 2013
  • An important decision-making element for the success of housing redevelopment projects is a prediction of the profitability of redevelopment. Risk factors influencing profitability were deduced through a review of the literature about profitability and a risk analysis developed by a survey of maintenance projects. In addition, a profitability prediction depending on the analysis of risk factors is necessary to judge the business feasibility of a project in the planning stages. A profitability prediction model of management and disposal method, which is calculated by proportional rate and which helps estimate contributions to profitability, is proposed to prevent difficulties in business development. The proposed model has the potential to prevent interruptions, reduce the length of projects, generate cost savings, and enable rational decision-making during the project period by allowing a judgment of profitability at the planning stage.

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Analysis of The Problem of Exercising the Right of Claim for the Sale of the Housing Reconstruction Project (주택재건축사업의 매도청구권 행사 절차의 문제점 분석)

  • Kim, Kil-Chan;Park, Kyoung-Mi;Eom, Sun-Yong;Lee, Myeong-Hun
    • The Journal of the Korea Contents Association
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    • v.11 no.7
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    • pp.508-518
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    • 2011
  • In various urban renewal projects related to real estate, developer in order to conduct the business, must get real estate inside project section directly or receive the consent for project from the owners. It must be carried out by consultation. When it fails, developer, in order to get ownership, adopts 'the Right of Claim for the sale' which has forcibleness. However, because the procedure for implementation of the right of claim for the sale is not clear, conflict between stakeholders is caused and it causes extension of period. Therefore, after examining judgments and references of judicial power for administrative litigation of the Right of Claim for the sale, by researching stakeholders of the housing rebuilding project and based on the results, finding out differences of stakeholders' recognition according to their position and problems of exercising procedure of the Right of Claim for the sale, and by presenting improvement plans of the system of the Right of Claim for the sale, contributing the success of the housing rebuilding project is the purpose of it.

Revitalization of Urban Regeneration through the Happiness Housing Project as Public Housing Policy

  • Kim, Ok-Yeon;Lee, Jae-Pyeong
    • Land and Housing Review
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    • v.5 no.3
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    • pp.151-167
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    • 2014
  • Urban space structure in South Korea when through drastic changes ever since public housing policies began their full-fledge implementation. That is, public housing policies represent the main cause for formation of the current urban space structure, as the public houses are constructed in accordance with changes of demographic/social structure, considering changes of housing demand, in urban spaces demanded by the end users. After rapid industrialization and urbanization in the 1960's, each government in different periods have implemented housing supply policies through massive urban developments, to resolve the issue of housing shortage and residential instability. Phase 1 New Towns were developed in the 1980's resulting in suburbanization of the Seoul Area, followed by urban sprawl due to construction of small-size New Towns after deregulation in the 1990's, and construction of Phase 2 New Towns for resolution of housing shortage in the early 2000's and the resulting urban problems. In the mid-2000's, construction of Bogeumjari houses in GB areas led to insufficient housing supply in downtown areas, and the period after 2010 witnessed continuous deterioration of existing urban areas and acceleration of the rental housing crisis caused by rental housing shortage in downtown areas. Moreover, the residentially vulnerable classes consisting of young, 1~2-member households is expanding, with the real estate market in recess. Therefore, the government is trying to achieve urban regeneration through public housing policies so as to resolve the urban space problem and the housing problem at the same time, and the Happiness Housing Project has been implemented as a policy to achieve that goal. The Happiness Housing Project for young, residentially vulnerable classes in downtown areas, is going through diversification aimed at conjunction with urban regeneration projects in downtown areas, as exemplified by conversion of rental houses in residential environment improvement project districts and redevelopment/reconstruction project districts into happiness housing, and supply of happiness housing in conjunction with small reorganization projects for deteriorated residential areas in such areas as those excluded from New Town designation. Continuous supply of Happiness Housing in conjunction with urban regeneration requires mixed-use residential development which includes convenience facilities and public facilities, along with improvement of rental conditions (rental period/rent) and diversification of project methods, considering that the project is implemented in downtown areas.