• Journal of the Korean Association of Geographic Information Studies
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• 제20권3호
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• pp.125-140
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• 2017

Until recently, regression based spatial interpolation methods and Kriging based spatial interpolation methods have been largely used to estimate land price or housing price, but less attention has been paid on comparing the performance of these spatial interpolation methods. In this regard, this research applied regression based spatial interpolators and Kriging based spatial interpolators for estimating the land prices in Dalseo-gu, Daegu metropolitan city and evaluated the accuracy of eight spatial interpolators. OLS, SLM, SEM, and GWR were used as regression based spatial interpolators while SK, OK, UK, and CK were employed as Kriging based spatial interpolators. The global accuracy was statistically evaluated by RMSE, adjusted RMSE, and COD. The relative accuracy was visually compared by three-dimensional residual error map and scatterplot. Results from statistical and visual analyses indicate that GWR reflecting the spatial non-stationarity was a relatively more accurate spatial predictor to estimate land prices in the study area than SAR and Kriging based spatial interpolators considering the spatial dependence. The findings from this research will contribute to the secondary research into analyzing the urban spatial structure with land prices.

• Journal of Cadastre & Land InformatiX
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• 제48권1호
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• pp.153-167
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• 2018

Despite many criticisms that topographic survey data for the official land price appraising collected annually using field survey method might be inaccurate, there is only few concrete research on it. This paper investigated whether the topographic survey data collected by a local government using field survey method is consistent with the data analyzed using the digital elevation model to examine its accuracy. The accuracy analysis indicated that 324 out of 1537 lots of land have inconsistent results which means the ratio of inconsistency is 17.36%. Among 11 areas studied, five had the inconsistency ratio above 20% while the worst one had 38.71%. The inconsistency ratio is generally higher for the rough terrain with irregular slope and high altitude while it is relatively lower for the terrain with smooth landform. The analysis results imply that there are limitations in investigating the topology by field survey method. Therefore, the official land price appraising policy should set precise criterion and change over to highly accurate geographic information analysis method to effectively and accurately examine topology, given the fact that the topology of the Republic of Korea has complicated features with irregular slope and altitude.

• Proceedings of the Korean Society of Surveying, Geodesy, Photogrammetry, and Cartography Conference
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• 한국측량학회 2004년도 추계학술발표회 논문집
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• pp.311-318
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• 2004

The Land Use Suitability Assessment System was recently introduced by the $\ulcorner$Act on Planning and Utilization of the National Territory$\lrcorner$ to use, manage, and develop the national territory, which integrated the National Land Use and Management Act and the Urban Planning Act. It provides a guideline for classifying land use into 5 classes according to locational characteristics, usability, and developmental conditions of land in the vicinity. The database is constructed with LMIS cadastral data, posted land price data, and data of related agencies such as the Korea Forest Service, the Ministry of Environment, and the Korea Water Resources Corporation etc. After the database construction, individual parcels are analysed by steps and classified into 3 sub areas - conservation, agriculture, and development using GIS. In this paper we evaluate land use suitability for individual parcels by constructing the Land Use Suitability Assessment System for Jinju city. Therefore, we suggest that this system provides vital data in the urban management planning process.

• International Journal of Computer Science & Network Security
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• 제21권12spc호
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• pp.459-462
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• 2021

The article examines the main problems of land market formation in Ukraine. The article is devoted to the study of problems and prospects of land market introduction after the abolition of the ban on alienation. The advantages and disadvantages of lifting the moratorium on the purchase and sale of agricultural land are highlighted. The experience of such European countries as France, Germany, Latvia, Romania and Poland in regulating the market of agricultural lands is analyzed. The historical stages of market formation, features of state policy in this area are considered. The authors found that in these countries the market for agricultural land is well developed and works effectively, which has positive consequences for the economy of these countries. After analyzing the experience, we identified common elements of an effective mechanism for regulating the land market in European countries, which can be implemented in Ukraine. It is emphasized that after the opening of the land market it is necessary to prevent the concentration of a large number of agricultural lands in the hands of one person or close persons and it is necessary to create an effective supervisory body, whose main functions will be supervising sales prevention of speculation in the land market. Emphasis is placed on the need to improve legislation in the field of land, organizational and informational conditions for land reform. The Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine Concerning the Circulation of Agricultural Land" was analyzed, the adoption of which put an end to the systematic extension of the moratorium on the sale of agricultural land. The positive aspects of such reservations are noted, such as the gradual introduction of the land market, quantitative restrictions, the lower limit of the value equivalent, which can not be less than the normative monetary value. At the same time, the problem is that the lack of an imperative norm on termination of the lease agreement in case of refusal of the lessee to purchase such land at a price not lower than expert assessment, will negatively affect its price formation and actually make the landlord hostage.

• Journal of the Korean Geographical Society
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• 제36권
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• pp.26-36
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• 1987

• The Korean Journal of Applied Statistics
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• 제31권2호
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• pp.217-228
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• 2018

Since the real estate reporting system was first introduced, about 2 million real estate transaction per year have been reported over the last 10 years with an increasing demand for real estate price estimates. This study looks at the applicability and superiority of the regression-kriging method to derive effective real transaction prices estimation on the location where information about real transaction is unavailable. Several issues on predicting the real estate price are discussed and illustrated using the real transaction reports of Jinju, Gyeongsangnam-do. Results have been compared with a simple regression model in terms of the mean absolute error and root square error. It turns out that the regression-kriging model provides a more effective estimation of land price compared to the simple regression model. The regression-kriging method adequately reflects the spatial structure of the term that is not explained by other characteristic variables.

• Land and Housing Review
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• 제4권1호
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• pp.43-54
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• 2013

This This paper investigates the variation of the factors to determinate housing price in Seoul metropolitan area after sub-prime financial crisis, in Korea, using a VAR model. The model includes housing price and housing rent (Jeonse) in Seoul metropolitan area from 1999 to 2011, and uses interest rate, real GDP, KOSPI, Producer Price Index and practices to impulse response and variance decomposition analysis to grasp the dynamic relation between a variable of macro economy and and a variable of housing price. Data is classified to 2 groups before and after the 3rd quater of 2008, when sub-prime crisis occurred; one is from the 1st quater of 1999 to the 3rd quater of 2008, and the other is from the 2nd quater of 1999 and the 4th quater of 2011. As a result, comparing before and after sub-prime crisis, housing price is more influenced by its own variation or Jeonse price's variation instead of interest rate and KOSPI. Both before and after sub-prime financial crisis, Jeonse price is also influenced by its own variation and housing price. While after sub-prime financial crisis, influences of Producer Price Index, KOSPI and interest rate were weakened, influence of real GDP is expanded. As housing price and housing rent are more influenced by real economy factors such as GDP, its own variation than before sub-prime financial crisis, the recent trend that the house prices is declined is difficult to be converted, considering domestic economic recession and uncertainty, continued by Europe financial crisis. In the future to activate the housing business, it ia necessary to promote purchasing power rather than relaxation of financial and supply regulation.

• KSCE Journal of Civil and Environmental Engineering Research
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• 제29권6D호
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• pp.711-717
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• 2009

This study develops model for analysis of relationship between major node (Interchange in expressway) and land price formation of apartments along with Seoul Belt Expressway by using CHAID analysis. The results show that first, regions(outer side: Gyeongido, inner side: Seoul) on the line of Seoul Belt Expressway are different and a graph generally show llinear relationships between land price and traffic node but it does not; second, CHAID analysis shows two different spatial distribution at the point of 2.6km in the outer side, but three different spatial distribution at the point of 1.4km and 3.8km in the inner side. In other words, traffic access does not necessarily guarantee high housing price since the graphs shows land price related to composite spatial distribution. This implies that residential environments (highway noise and regional discontinuity) and traffic accessibility cause mutual interaction to generate this phenomenon. Therefore, the highway IC landprice model will be beneficial for calculation of land price in New Town which constantly is being built along the highway.

• 지역과문화
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• 제7권4호
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• pp.21-48
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• 2020

The purpose of this study is to analyze how the integrated heritage conservation actually affected the urban economy of historical cities. To this end, this study examined the trends and meanings of an integrated heritage conservation, and a relationship between sustainable urban development and integrated heritage conservation to find out connectivity with urban economy. Before an empirical analysis of domestic policy of integrated conservation of heritage, this study overlooked the system of the preservation and promotion of ancient cities, which can be called integrated heritage conservation system in Korea, and examined how the historic landscape improving project, which is being implemented as part of the policy of the preservation and promotion of ancient cities, actually affected the urban economy. This study empirically identified the impact of the project through a land price analysis of the region. This study focused on analyzing an impact of the project on a price of land in the proximity of subsidized land lot and analyzed the impact through Difference-In-Difference method. In particular, the project effect was analyzed only for the settlement zones among the preservation and promotion zones where the project was carried out, and as a result, it was confirmed that the average price of lands in the proximity of subsidized land increased more over the same period than in the areas where the project was not intensively implemented.

• Land and Housing Review
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• 제13권4호
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• pp.45-53
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• 2022

This paper investigates empirically the lead-lag relation between the 'apartment price index' and 'Internet search volume'. This study uses Naver Trend Index as a proxy for Internet search volume. An increase in Internet search volume on the apartment price index indicates an increase in people's attention to an apartment. Different from previous studies exploring the relation between 'the released price index of the apartment' and 'Naver Trend Index', this study investigates the relation of the Naver Trend Index with 'the fundamental price component of an apartment' and 'the transitory price component of an apartment', respectively. The results of the Granger causality test reveal that there are bidirectional Granger causalities between the 'released price' and Naver Trend Index. In addition, the 'fundamental price component of an apartment' and Naver Trend Index have a feedback relation, while 'the transitory price component of an apartment' Granger causes the Naver Trend Index uni-directionally. The impulse response function analysis indicates that the shock of apartment prices increases Naver Trend Index in the first month. Overall, The close relationship between apartment prices and Naver Trend Index suggests that increases in the movement of apartment prices are positively associated with public attention on the apartment market.