• Title/Summary/Keyword: Real-Estate Development

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A Potential Value of Noise Control in Construction Sites for Real Estate Developers

  • Zheng, Guo;Kim, Youngchul
    • KIEAE Journal
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    • v.14 no.4
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    • pp.5-10
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    • 2014
  • Since construction work is an indispensable part of daily lives, complaints of noise are unavoidable. Noise control in construction sites is normally known as a regulation by a government and self-motivated noise controls rarely occur. In this paper, a marketing strategy is proposed to provide a potential value of noise control for real estate developer. First, people's perception to construction noise was examined in means of collecting and analyzing media reports between 2005 to 2011. Then decibel test was done in order to test noise generated by different devices in a construction site in various distances. According to the theory of core competency, a conceptual model was raised to illustrate profit and loss situation of the real estate developers in the case they invest more in noise control. The construction noise is discussed that it will ruin people's perception to the company's brand image and reputation. Also, the investment in the creation of silent site is discussed that it will not only bring benefit to the brand image work but also have value of profit in the market.

Feminizing of Real Estate Speculation -A Study on the Bokbuin in the Korean Narratives in 1970s~1980s (주거의 투기화, 투기의 여성화 -1970~1980년대 한국 서사에 나타난 복부인의 형상화 양상 연구)

  • Jun, Bong-Gwan
    • Journal of Popular Narrative
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    • v.25 no.4
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    • pp.321-359
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    • 2019
  • In the 1970s, the full-scale development of the area now known as Gangnam began, ushering in the era of real estate investment on apartments which transformed housing styles in Korea. Apartments were pitched as the most ideal type of housing, creating a competitive market of high demand and skyrocketing prices. The apartments were also viewed as a means of quick asset investment among middle-class Koreans. Within this apartment frenzy stood the female real estate speculator, the bokbuin. This study seeks to locate the bokbuin in the real estate development market after the late 1970s. The apartment speculation boom cannot be attributed to the bokbuin alone, yet she became the target of public anger and criticism, singled-out as being responsible for fueling illegal and unethical investments. The apartment boom of the 1970s was in fact generated in large part by the government, developers, construction companies and realtors. While their pursuit of profit was deemed as legitimate, the bokbuin's conduct was mostly tainted by presumed illegitimate and greedy motivations. This study problematizes this gendering of real estate investment and treat the bokbuin as a byproduct of the family-centered culture in East Asia. Analyzing Im Kwon Taek's film "Mrs. Speculator", Park Ki Won's conte, "Bokbuin", Park Wan Seo's short story, "Children of Paradise", "The People of Seoul", this study shows that bokbuin's pursuit was not hers alone; it was the collective pursuit with her husband for the enhancement of family finances. This stud y argue that the bokbuin embodied the thickly misogynistic climate of the 1970s that projected the chaotic rise of greed onto the woman.

Research on the Application of Sustainable Development Assessment System for Fishing Communities in Korea (어촌지역 지속가능 발전지표 적용 연구)

  • Byoung-Cheol Ahn;Jae-Su Lee
    • The Journal of Fisheries Business Administration
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    • v.53 no.4
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    • pp.27-49
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    • 2022
  • This study focused on diagnosing and analyzing the level of sustainable development for each fishing communities by applying the sustainable development index in the fishing communities to support the policy of revitalizing the fishing communities. In terms of methodology, diagnostic indicators for rural areas were used through previous studies and literature surveys, and three categories, five fields and 27 indicators were finally selected through collecting opinions from experts. After deriving the weight for each indicator in detail, the final sustainable development index of the fishing communities was applied to fishing village fraternity. Based on the results of the analysis of the application of sustainable development cases in fishing communities, policy support should be implemented differentially according to regional decline factors and potential growth factors. In the population and social sector, it is necessary to consider ways to reduce population and reduce aging. In the industrial and economic sectors, fishing activation and systematic support for fishing-related industries should be provided. In the marine and built environment sector, the government's active project execution and budget support are required. In addition, it is expected to be used in various ways in the process of developing fishing communities and establishing revitalization plans that reflect the characteristics of the region.

Exploratory Analysis of Real Estate Price using Tight Coupling with GIS and Statistics - Focusing on Hedonic Price Method - (GIS와 통계의 결합에 의한 부동산가격의 탐색적 분석 - 헤도닉 가격 기법을 중심으로 -)

  • Seo, Kyung-Chon
    • Journal of the Korean Association of Geographic Information Studies
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    • v.9 no.3
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    • pp.67-81
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    • 2006
  • The present study suggests an analytical method to overcome the spatial problems that traditional hedonic methods have. The concept of overlapping neighborhoods is introduced in order to solve the problems of global parameter estimate methods that treat the whole city by the gross. Moreover, a 3rd party program for the tight coupling of GIS and statistics is developed in order to explore hedonic methods efficiently. By using these, this study analyses the spatial variation of location variables that affect the real estate price. The results show that the influences of urban centers do not reach to the whole city, but only to the catchment areas of them. And the coefficients of location variables are different depending on the space. The tight coupling of GIS and statistics offers a powerful tool in analysing the real estate price efficiently.

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A Study for the Development of a Bid Price Rate Prediction Model (낙찰률 예측 모형에 관한 연구)

  • Choi, Bo-Seung;Kang, Hyun-Cheol;Han, Sang-Tae
    • Communications for Statistical Applications and Methods
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    • v.18 no.1
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    • pp.23-34
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    • 2011
  • Property auctions have become a new method for real estate investment because the property auction market grows in tandem with the growth of the real estate market. This study focused on the statistical model for predicting bid price rates which is the main index for participants in the real estate auction market. For estimating the monthly bid price rate, we proposed a new method to make up for the mean of regions and terms as well as to reduce the prediction error using a decision tree analysis. We also proposed a linear regression model to predict a bid price rate for individual auction property. We applied the proposed model to apartment auction property and tried to predict the bid price rate as well as categorize individual auction property into an auction grade.

Extracting Risk Factors and Analyzing AHP Importance for Planning Phase of Real Estate Development Projects in Myanmar (미얀마 부동산 개발형사업 기획단계의 리스크 요인 추출 및 AHP 중요도 분석)

  • Kim, Sooyong;Chung, Jaihoon;Yang, Jinkook
    • Korean Journal of Construction Engineering and Management
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    • v.22 no.2
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    • pp.3-11
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    • 2021
  • Myanmar is an undeveloped country with high development value among Asian countries. Therefore, various countries including the U.S. are considering entering the market. In this respect, demand for real estate development project is forecast to grow on increased inflow of foreigners and Myanmar's economic growth. However, Myanmar is a high-risk country in terms of overseas companies, including national risk. In this study, we conducted an in-depth interview with experts (law, finance, technology, and local experts) after analyzing data on Myanmar to extract risk-causing factors. Through this, 106 risk factors were extracted, and the final risk classification system was established by conducting three-time groupings using the affinity diagramming. And the relative importance of each factor was presented using the analytic hierarchy process (AHP) technique. As a result, the country-related risk, the fund-related risk, and the pre-sale-related risk were highly important. The research results are expected to provide risk management standards to companies entering the Myanmar real estate development type project.

A Study on the Usefulness of the Ridge in Open Space and Landscape Planning (녹지 및 경관계획에 있어서 능선의 효용성에 관한 연구)

  • Lee, Won-Young;Choi, Hyung-Seok
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.6 no.5
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    • pp.70-78
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    • 2003
  • From the viewpoint of the importance of the division theory based on topography(pyungsu) derived from the uniqueness in topography, not to mention of the function of ridge in ruban areas, the destroy of ridges should be prevented from the development of hill areas. This study intends to propose the basic concepts and principles to protect the ridge axis with green in open space and landscape planning. The main results are summarized as follows : First, eco-bridge across the ridges will be connected for the purpose of ecosystem restoration. Second, the protection and restoration of green ridge axis can be completed by Green Structure Plan which has principles and standards such as. - layout of development axis and establishment of rules on preservation - the practical use of various preservation methods and the standards suitable to the methods - laying down the standards of restoration according to the height from ground level - the application of zoning such as height district and urban design for preservation Finally, the design of implementation tools must be needed for protection and restoration.

Qualitative Approach: Business Scenarios for Sustainable Smart Cities Development

  • JEONG, Taehoon;WON, Jaewoong
    • The Journal of Industrial Distribution & Business
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    • v.13 no.10
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    • pp.31-39
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    • 2022
  • Purpose: Smart city has been observed to benefit most urban areas in different nations. Despite its advantages in the promotion of environmental sustainability and improving business competency in the current context, various literature review papers should be introduced to analyze its drawbacks. The present research aims to provide valuable suggestions for sustainable smart cities development. Research design, data and methodology: Using the qualitative content analysis (QCA), the current author could understand the target audience's motivations and habits by gathering data. This implies that the author may predict the kinds of future initiatives. As a result, the current researcher could ensure developed pertinent research questions and a well-planned method for analyzing the replies. Results: The implementation of green city development suggests encouraging the greening of public spaces and reducing heat from the atmosphere caused by the emission of gases from vehicles and companies. Smart cities are offering a new industrial paradigm that is based on the convergence of information technology. Conclusions: The projection illustrates that most people are migrating to the cities, which calls for an immediate transformation to overcome the immense pressure of making the city accessible, sustainable, prosperous, and safer. Therefore, implementing smart cities within the current world promotes efficiency and increases business sustainability.

The Impact of Urban Space Structure on Commercial Real Estate Markets (물리적 도시공간구조가 상업용 부동산시장에 미치는 영향)

  • Kim, Kyung-Min;Shin, Sang-Mook
    • Journal of the Economic Geographical Society of Korea
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    • v.16 no.1
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    • pp.71-85
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    • 2013
  • This paper examines the impact of urban space structure on real estate markets, especially on commercial real estate markets. Based on a large scale of GIS dataset, volumes of each land use type are examined. This vast dataset enables 3-dimensional analysis of land use in the entire Seoul area, overcoming the limits of previous research relying on simple 2-dimensional analysis. After then, the Herfindahl index is used to calculate the level of mixed-uses. It analyzes whether a building price is influenced by circumjacent commercial buildings and its residential development pattern. The regression outcomes verify that a nearby area's development patterns make an impact on an office building price. It shows the possibility that a new-urbanism's argument can be actualized.

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Analysis of Changes in the Industrial Structure by the Ageing Rate in Korea (고령화율에 따른 농촌지역 산업구조 변화 분석)

  • Kwon, Younghyun J.;Kim, Euijune
    • Journal of Korean Society of Rural Planning
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    • v.20 no.4
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    • pp.183-192
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    • 2014
  • The purpose of this study is to examine the effect of regional ageing rate to industrial structures of rural areas in Korea. This paper shows that there are cause-effect relations between the industrial specialization and ageing rate in 'Agriculture', 'Finance & Insurance', and 'Real Estate & Leasing' sectors. The ageing levels are classified into ageing society, aged society, and super-aged society according to UN standard that cause different impacts on industrial specialization of regions. This paper finds that the industrial specialization is determined by the ageing levels. If there is an increase in ageing rate by 1% in ageing society, the industrial specialization of the three industries could be strengthened by 0.14%. But, ageing rates have negative impacts on the industrial specialization in aged society and super-aged society by 0.76% and by 1.20%, respectively, as increasing ageing rate by 1%. As the ageing rate progresses, 'Agriculture', 'Finance & Insurance' and 'Real Estate & Leasing'sectors have positive impacts on the industrial specialization in the ageing society. But 'Finance & Insurance' and 'Real Estate & Leasing' sectors have changed into negative impacts on the industrial specialization in the aged society. In the aged society, the employment of elderly persons of 'Agriculture' and 'Finance & Insurance' sectors increase by 1% makes positive impact on the industrial specialization by 1.54%, by 0.45%, respectively. The result of this paper can be applied to a significant guideline at establishing regional employment planning such as elderly customized employment, vocational training for rural areas, where above 14% of ageing rate.