• Title/Summary/Keyword: Korean Housing Market

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ANALYZING THE EFFECT OF THE RESIDENCE AND REAL ESTATE POLICIES ON HOUSING PRICE

  • Jin-Ho Noh;Jae-jun Kim;Sun-Sik Kim;Eun-Jin Ahn;Hye-In Lee;Yoon-Sun Lee
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.490-497
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    • 2007
  • Since the foreign currency crisis, Korean economy has suffered recession and the government launches residence and real estate policy in order to increase the demand and trade of real estate and to help the economy revitalization. 1 As a result, the rate of economy growth is shown the high increase with the figure of 10.9% in 1999 and 8.8% in 2000. However, it brings overheating market as a negative effect. Although, the government established the policy for the control of speculation, the policy causes instability of economy. This study is to analyze the effect between the residence policy and the housing cost since the foreign currency crisis through housing sale price estimation and housing lease price estimation and is to apply the basis data of the next residence policy.

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A Study on the Characteristics of the Number of Family Members Affecting Housing Size Choice (주택규모 선택에 영향을 미치는 가구원수별 특성에 관한 연구)

  • Lee, Joo-Hyung;Lim, Jong-Hyun;Kang, Nam-Hoon
    • Journal of the Korean housing association
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    • v.21 no.2
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    • pp.123-132
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    • 2010
  • The housing market requires customized housing to be supplied according to the various characteristics of households. Multinominal Logistic Regression was used to analyze the effects of variables of household characteristics according to the number of family members on the choice of housing size in the scope of the whole country's housing market. Analysis showed that the number of family members has its own characteristics. When a household has a smaller number of family members, there are more variables affecting choice of housing size. Living and housing expenses variables served as significant variables that affect all household types. Results showed that households with more living and housing expenses are more likely to choose a large sized house and where households have a greater number of family members, there is more influence on that choice. The age of the householder was only found to be a meaningful variable in 1-2 person households and 3-4 person households, particularly in the choice of a small or large sized house. This shows that the age of the householder does not play an important role in choosing medium sized houses for households of under 4 people, but affects the choice of small and large sized houses. The academic ability of household members also served as a significant variable. While 1-2 person households with high academic ability tend to select a large sized house, 3-4 person households with high academic ability tend to select a small sized house. It is observed that members of both 1-2 person households and 3-4 person households tend to select their house between a large sized house and a small sized house in order to own their own houses. The result of this research suggests that there are various and detailed variables on the choice of housing size. Especially, a notable result is that household characteristics more significantly affect the housing size choice of 1-2 person households, while the trend of an aging society will more significantly affect a 3-4 person households' choice of a large sized house. Therefore, a study on the choice of housing size according to characteristics of elderly households and 1-2 person households should be continually analyzed.

The Difference of Characters between Housing Poverty Types - Subcriterion Criteria of Substandard Housing, Unaffordable Housing and Double Housing Poverty (유형별 주거빈곤가구의 차이 - 최저주거기준 하위기준미달, 주거비 과부담, 중복주거빈곤가구)

  • Lim, Se hee;Park, Kyung ha
    • 한국사회정책
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    • v.24 no.4
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    • pp.31-62
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    • 2017
  • This study intends to identify the difference of socio-economic characters and housing welfare needs between housing poverty types and to know the independent effects of variables on the housing poverty types. It was revealed that the double housing poverty household, housing below facility standard, unaffordable housing with low income, housing below structure performance environment standard, housing below area standard and housing below room standard should be supported one by one. And the variables related with the housing poverty types are different Suggestions were made for housing welfare policy for the double housing poverty, the control for rental housing market, the policy considering income level for unaffordable housing, the housing policy for the disable household.

A Study on Furniture Market of South Korea in New Normal - Focus on Economic Perspectives - (뉴 노멀시대 한국의 가구 시장 연구 - 경제적 관점을 중심으로 -)

  • Jung, Jaenah
    • Journal of the Korea Furniture Society
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    • v.29 no.1
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    • pp.8-17
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    • 2018
  • Economic crisis in 2008 has changed South Korean market including furniture related field. Owing to Subprime Mortgage Crisis, new economic order, in other words, New Normal was established. Low growth rate, low interest, high unemployment rate, high risks, regulation strengthening, and all that sort of negative things have became generalized. South Korean economy has developed drastically since the Korean War, however recent economic crisis and Internet and smart phone have leading roles in shaping new consumption market. In a way, furniture market has expanded despite economic recession. Total service for housing is suited to South Korean consumers and shortened Product Life Cycle induces consumers to buy more furniture. In addition, Internet and smart phone allow people to show off their private spaces to unspecified masses. As a result, consumer prefers inexpensive and expendable furniture. It is certain that furniture market makes quantitative growth, but qualitative sides are questionable. Even though the study is focused on the existent circumstances, It will help to find out the proper ways of future furniture market in South Korea.

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The Trend of Housing Design and Town Planning of New Towns in Indonesia (인도네시아 신도시의 주거디자인 및 단지계획 경향)

  • Megawati, Dewi Ratih;Ju, Seo Ryeung;Hanan, Himasari
    • Journal of the Korean housing association
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    • v.25 no.5
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    • pp.11-20
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    • 2014
  • Recent changes in the dynamics of national economies, market liberalization, changes in technologies and movement of capital have had a major effect on the Asian Pacific region since the early 1990's, as there has been an increasing role for foreign housing developers in those countries that experienced economic liberalization, high urbanization rates and reforms in the housing sectors. Recently the cosmopolitan cities of Indonesia attracted a global interest due to its rapid economic development and great potential of population and natural resources. New town development emerged as one of the solutions to reduce urbanization problems in Indonesia. This study aims to explore the contemporary planning principles of new town developments in representative new town projects supplied by of major housing development companies in Indonesia. We conducted case study on the new town named Kota Baru Parahyangan, which is located in outskirt of Bandung, the third biggest city in Indonesia and supplied by PT. Belaputra Intiland. As a result of this study, we can identify unique characteristics of new town development in Indonesia.

Effect of University Closure on the Prices of Nearby Apartments -In the Case of Dong-Pusan College- (대학의 폐교지정이 주변 지역 공동주택 가격에 미치는 영향 -동부산대학교를 중심으로-)

  • Kim, Min Kyu;Kim, Hyunsoo;Choi, Yeol
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.42 no.2
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    • pp.273-279
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    • 2022
  • In a recent decade, university closures have been a critical regional issue as a total of 17 universities have been closed while many more are facing closure in Korea. The local impact of university closures in the regions with declining populations has been far more detrimental and considered as one of the significant factors of the declining local economy, especially in the neighboring residential sectors. This study has taken an empirical approach to investigate the local impact of university closure on the housing market through a case of Dong-Pusan College in Busan, Korea. The study utilized Difference-in-Difference (DiD) to analyze the housing prices in proximity to the university and identified several factors associated with the local decline in the housing market in relation to university closure.

Housing preferences for Small/medium size multi-family dwellings of Ulsan Households (중소형 공동주택거주자의 주거선호)

  • Kwon, Myoung-Hee;Yang, Se-Hwa;Kim, Sun-Joong;Ryu, Hyun-Joo
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2008.11a
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    • pp.379-384
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    • 2008
  • The purpose of the study was to supply the demand prediction of housing market with useful information by identifying housing preferences as housing norms of family levels. The survey uses questionnaires which are delivered to the 329 households who live in more $66m^2$-less than $99m^2$(2 0pyoung) or more $99m^2$-less than $132m^2$(30 pyoung) multi-family dwellings in Ulsan. The frequency test, t-test, factor analysis and One-Way analysis were used for the analysis of the results. more than half of households have held house-moving plan within 3 years. most of them have desired to live at the high-rise apartment in Nam-Ku area and have wanted wide size through an average of $3.3m^2$(10 pyoung) than present house size. It was revealed that the characteristics of moving behaviors, residential areas and housing preferences were significant variables which affected to housing satisfaction.

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A Study on Strategies Elements(4Cs) of Space Marketing Comparative Analysis for Housing Culture Center (주택문화관의 공간구성과 스페이스 마케팅 전략적 요소(4Cs)에 관한 비교 분석 연구)

  • Kim, Ji-Hye;Kong, Soon-Ku
    • Korean Institute of Interior Design Journal
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    • v.20 no.5
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    • pp.208-216
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    • 2011
  • Today, the market environment for companies around the world has been changed by globalization, digital innovation, information by opening the diversity, consumer awareness, and the development of mass media in the wide areas such as, politics, economy, society and culture. Accordingly, the function of the housing cultural center also has been changed from the Place where the trading had been made to the Space where the marketing could work. The housing cultural center is home to companies to target their corporate culture and corporate image, and the brand identity. From the space marketing standpoint, this study extracts differentiator of the housing cultural center from theoretical consideration to boom up of the housing cultural center and to build up its identification. Based on this analysis, the design identity element of the interior design of the housing cultural center is proposed by the actual and analytical cases. Such a future plan design identity elements in the design of the new housing cultural center is providing basic design guide line to recognize the importance.