• Korean Journal of Construction Engineering and Management
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• v.20 no.5
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• pp.115-124
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• 2019

The purpose of this study is to analyze the housing price variation within the redevelopment project district, affected by the characteristics of project and implementation stage. This study implemented the hedonic price model employing the actual transaction price with 24 dependent variables from 2006 to 2016 inside 19 redevelopment districts in Seoul. Research finding indicates that the larger ratio of the number of tenants and general distribution, the smaller ratio of rented households and the more positive effect of housing price. It is noteworthy that this study demonstrated the actual transaction price of houses located within the project districts by implementation stage. This study is expected to help the policy makers, the developers and the investors make more reliable decisions on the feasibility study related to the redevelopment project.

• Land and Housing Review
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• v.15 no.2
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• pp.89-106
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• 2024

Apartments constitute 64% of the housing type composition, representing the highest proportion among housing types. This proportion has been increasing annually. Given this trend, apartment prices are likely to have a significant impact on the national economy and people's livelihoods. This study examines the impact of the recent development of Seodaegu Station on the surrounding apartment market, with a specific focus on the effects of the educational environment. To this end, we conduct empirical analysis employing a hedonic price model and spatial autocorrelation analysis, based on actual transaction price data from the Ministry of Land, Infrastructure, and Transport. The study revealed three key findings: first, the development of Seodaegu Station positively impacted apartment prices. Second, this positive effect increases with the proximity to Seodaegu Station. Third, the enhancement of the educational environment nearby the Seodaegu Station development also positively influenced apartment prices. This study aims to serve as baseline research output for the public management of future metropolitan transportation facility development projects and for predicting apartment price trends.

• Spatial Information Research
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• v.10 no.2
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• pp.185-199
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• 2002

The objective of this study is to investigate the suitable spatio-temporal analysis method considering the zoning effect of spatial analysis termed the modifiable areal unit problem(MAUP). In former studies of spatio-temporal analysis, there were disagreement between attribute data with spatial data, because of variation of administrative district aggregating attribute data. It is need to consider how the analysis zone effects spatial characteristics and spatio-temporal variation of urban region through land price variation analysis. This study considers MAUP through basic mesh system, which is composed of micro grid. Mesh system can solve disagreement of resolution between spatial data and attribute data.

• Land and Housing Review
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• v.11 no.1
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• pp.59-66
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• 2020

This thesis investigates relationship between Stock-to-Flow price and housing starts in Seoul metropolitan form 2008 year to 2019 year. The paper tests the relationship through two time-series models such as a vector error correction model and Dynamic Panel regression model. The model results show evidence of positive correlation between Stock-to-Flow price and housing starts in the long run. By transforming the regional data into a panel data set and running a fixed effects model, we test the explanatory power of PBR on housing starts. The result of VECM confirms that one unit uprising PBR raises up apartment construction by 7.4%. This result supports that PBR is a major factor in choosing a start of housing construct. Base on the result of empirical model, We also suggest that the market self-regulation function of housing providers is operating in the entire metropolitan area market.

• Journal of the Economic Geographical Society of Korea
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• v.26 no.2
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• pp.123-136
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• 2023

Upon examining land prices in the eastern district of Gyeongseong, it was observed that there were variations in land prices between the northern and southern areas, with the central part being densely populated with modern facilities such as hospitals, schools, and research institutions. As a result, the eastern district of Gyeongseong was further divided into specific sub-areas, namely the northeastern and southeastern, for a more detailed analysis of the land market in each area. In the northeastern area, factors such as distance from the central area and proximity to planned roads were found to have an impact on land prices. On the other hand, in the southeastern area, the distance between the main road, whice were IHyun Road and Jongro, was identified as a significant influencer of land prices. Therefore, the northeastern area exhibited characteristics of a hinterland, influenced by the concentration of major facilities in the central area, while the southeastern area had a strong commercial orientation, largely shaped by the influence of Jongro as a bustling commercial district. This study is significant in that it sheds light on certain aspects of the modern land market by demonstrating that factors such as accessibility to roads and anchor facilities, as well as the segmentation of the land market, were also influential in the land market a century ago.

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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• v.35 no.5
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• pp.349-356
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• 2017

In this study, we propose a method to investigate topographic characteristics by applying machine learning which is an artificial intelligence analysis method based on the spatial data constructed using UAV and the training data created through spatial analysis. This method provides an alternative to the subjective judgment and accuracy of spatial data, which is a problem of existing topographic characteristics survey for officially assessed land price. The analysis method of this study is expected to improve the problems of topographic characteristics survey method of existing field researchers and contribute to more accurate decision of officially assessed land price by providing more objective land survey method.

• Proceedings of the Korean Association of Geographic Inforamtion Studies Conference
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• 2003.04a
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• pp.523-528
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• 2003

본 연구는 지가의 공간분포 분석(spatial data analysis)을 통하여 합리적인 표준지 선정 방안을 제시하고자 하였다. 우리나라의 경우 개별 공시지가는 표준지 공시지가로부터 비교해서 산정된다. 때문에, 표준지는 개별지의 지가를 산정하는데 편리할 수 있도록 선정되어야 한다. 이를 위하여 표준지를 선정할 때, 개별지의 지가와 토지특성을 고려하여 표준지의 수와 공간적 분포를 결정하여야 한다. 본 연구에서는 지가의 공간적 분포를 해석하기 위하여 군집분석(cluster analysis) 개념을 활용하였다. 이를 통하여 유사 지가구획을 정의하였고, 지가구획의 계층적 해석을 시도하였다. 또한, 군집분석을 반복적으로 수행하고 군집수의 변화에 따른 군집별 지가분포의 특성을 해석함으로써 적정표준지 수를 추정하였다.

• Land and Housing Review
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• v.11 no.3
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• pp.1-9
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• 2020

This study fulfills an empirical analysis how the physical factors affect the formation of housing price with the block unit. Block unit houses are a type of housing that pursues comfort and convenience in that the characteristics of individual houses and apartment houses are mixed. Existing studies have focused only on the physical characteristics of various planning elements such as block-type residential complexes. Nevertheless, it is not known whether the physical characteristics of block-type residential complexes reflect the preferences of actual consumers. In addition, there are no sufficient studies on how to evaluate them from the market side. In this study, block-level detached housing sites the target complexes with 10 or more households built between 2002 and 2019. The target areas for analysis are 163 complexes in Paju, Namyangju, Goyang, Suwon, Yongin, Ansan, Gimpo, Incheon, Seongnam, Hwaseong and Gwangju, Gyeonggi-do. The physical elements that make up the unit housing were classified through factor analysis. Finally, regression analysis was conducted to establish the basis determining the price-forming factors. As a result of the analysis, the factors that influenced the price were the site area and the number of community facilities. The variable with negative influence was the distance from Seoul. Based on the results of this study, it can be said that the influence on price formation in various areas was confirmed by presenting the relationship between the facility composition and price of a detached house.

• Korean Journal of Construction Engineering and Management
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• v.18 no.6
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• pp.47-56
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• 2017

As of 2017, there are 848 million households living in apartment and 55.87% of Aged apartments over 15 years old. The allowable standard for remodeling the apartment is more than 15 years and the market for remodeling the apartment will continue to increase. For the success of the remodeling project feasibility analysis is important but the existing feasibility analysis of new construction and reconstruction is being used for remodeling feasibility analysis. Therefore, it is necessary to study the feasibility analysis of customized remodeling without increasing the number of households according to the building law. Purpose of this paper is to develop a feasibility analysis methodology for customized remodeling projects by deriving the factors affecting the formation of land prices and building prices in apartment. According to the concept of price formation of the apartment, the analysis method of the customized remodeling of the old apartment using the factors affecting the Land Price Indexes, Officially Assessed Individual Land Price, House Price Indexes, and Officially Assessed Individual House Price was suggested. The Stair Price Algorithm developed in this research can be utilized at the stage of selecting remodeling contractors after the remodeling housing association is established.

• Korean Journal of Agricultural Science
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• v.27 no.2
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• pp.141-157
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• 2000

This study is aimed at identifying the socio-economic value of the total area of 23,500ha of paddy field which will be reclaimed in year 2003. In Korea, tidal land reclamation projects has been carried out not only for paddy field expansion to meet national food security but also for national land expansion to cope with the shortage of land supply in implementing urbanization and industrialization. As of end of 1999, 75,738ha of tidal land reclamation, 48.3%, out of 156,666ha has been carried out in Korea. In spite of continuous implementation of tidal land reclamation, 48.3%, out of 156,666ha has been carried out in Korea. In spite of continuous implementation of tidal land reclamation projects, the appraisal of the national land expansion value has not been made even though the severe competitiveness of land use in economic development. Agricultural land about 20,000 - 30,000ha per year has been converted to urban and industrial land and the converted areas have been produced higher added value than that of the farm land. Accordingly, farm land expansion equivalent to the converted area have to be reclaimed to cope with the food shortage and security in the future. In relation to the study, demand and supply of rice, the staple food of Korean, has been projected up to year 2025. The study results are as follows: 1. Under the assumption of continuing the present tendencies of rice consumption, population increase, farming practices and farm land conversion, paddy area requirement to meet self sufficiency of rice were forecasted as 136,950ha in 2015, 193,460ha in 2020 and 218,482ha in 2025 respectively. 2. The average converted price of paddy per pyeong in Kimje city, Puna Gun and Gunsan city was estimated at 241,150won and average farm land price was amounted to 63,760won. The differential rent was estimated at 177,400won per pyeong which was used as a criteria for valuation of national land expansion effect of the tidal land reclaimed by Saemangeum project. The total land rent of 23,250ha expanded by tidal land reclamation was amounted to 12,361 billion won. Annual expected value of the expanded national land was estimated at 988.9 billion won considering 8% of annual discount rate in Korea. 3. Tidal land resource for paddy area development is limited comparing with the future requirement of paddy area to cope with self sufficiency of rice consumption. Accordingly farm land conversion to urban and industrial land should be regulated and protected in the sense of sustainable development in the future.