• Title/Summary/Keyword: Residential estate development

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A Study on the Residential Satisfaction of Local Residents Using Latent ProfilE Analysis

  • Yoon-Jung LEE;Sun-Ju KIM
    • The Journal of Economics, Marketing and Management
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    • v.11 no.5
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    • pp.1-13
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    • 2023
  • Purpose: This study analyzed the factors that increase the satisfaction of local residents' housing and residential environment, and derived implications for housing suppliers and policymakers in local areas. Research design, data and methodology: The analysis method derived latent group types through latent profile analysis, and cross-analysis and covariate variance analysis (ANCOVA) were conducted to analyze the differences between these groups. Results: The analysis results are as follows. First, there are four potential group types: good neighborhood facilities and low-level surrounding environment 1 group, low-level neighborhood facilities and good surrounding environment 2 groups, overall low-level 3 groups, and overall high-level 4 groups. Second, groups 1 and 3 tend to live in relatively old apartments. Third, as a result of distributed analysis, groups with low accessibility to neighborhood facilities but good environmental conditions and groups with high overall levels had relatively high housing satisfaction. Conclusions: As an implication, we discussed the need for development that highlights natural environment-friendly characteristics as well as access to neighborhood facilities. In addition, in order to derive more specific implications, the direction of follow-up studies considering job linkage and the effects of specific and various environmental factors was presented together.

Elasticity of Demand for Urban Housing in Western China Based on Micro-data - A Case Study of Kunming

  • Zhang, Hong;Li, Shaokai;Kong, Yanhua
    • The Journal of Industrial Distribution & Business
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    • v.7 no.3
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    • pp.27-36
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    • 2016
  • Purpose - Considering the importance of housing needs to real estate market, domestic studies on real estate prices from the perspective of demand are basically based on macro-data, but relatively few are associated with micro-data of urban real estate demand. We try to find a reliable relation of elasticity of demand and commercial housing market. Research design, data, and methodology - In this paper, we have derived housing demand theoretic method and have utilized micro-data of residential family housing survey of downtown area in Kunming City in October, 2015 to estimate income elasticity and price elasticity of housing demand respectively and make a comparative analysis. Results - The results indicate that income elasticity and price elasticity of families with owner-occupied housing are both larger than those of families with rental housing. Income elasticity of housing demand of urban residential families in Kunming is far below the foreign average and eastern coastal cities level, however, the corresponding price elasticity is far higher. Conclusions - We suggest that housing affordability of urban families in western China are constrained by the level of economic development, and the current housing price level has exceeded the economic affordability and psychological expectation of ordinary residents. Furthermore, noticing the great rigidity of housing demand, the expansion space of housing market for improvement and for commodity is limited.

Sustainable Urban Development and Residential Space Demand in the Untact Era: The Case of South Korea

  • KIM, Sun Ju
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.675-682
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    • 2021
  • The study analyzes the demand for residential space in the Untact Era. Residential space comprises six categories: the most necessary dedicated space (DS), most preferred south-facing space (SFS), largest space (LS), most necessary shared space (SS), most necessary infra-space (IS), and others. Results indicated the following: 1) All respondents had the highest preference for relaxing spaces except DS. 2) Differences were found between DS, SFS, and LS by age and SS; IS by residential area; and DS, SS, and IS by household size. 3) People aged 60+ preferred a living room while people aged 40-59 preferred a larger kitchen. Seoul citizens preferred gardens or parks in the complex or neighboring forests whereas local citizens preferred shared offices and medical centers. Households of three or more persons preferred a park/forest and two-person households preferred a honbap restaurant. The implications for housing policy are as follows. 1) Nature-friendly spaces are needed to alleviate a sense of isolation. 2) Changing demand for residential space should be reflected in housing policies. 3) The government's housing supply policy with the same residential space and structure must be changed to provide various residential spaces according to age, residential area, and household size.

An Empirical Study on Urban Land Use Changing Patterns with the Rapid Urban Expansion (급속한 도시팽창과정에서 도시토지이용변동의 실증적 연구)

  • 김지열;강병기
    • Journal of the Korean Regional Science Association
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    • v.8 no.1
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    • pp.31-50
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    • 1992
  • The aim of this paper is to define major factors influencing land development of each of major uses (residential, commercial, industrial) in the process of rapid urban expansion. The main hypothesis of this study is that land use changing patterns are directed by supply side of land managed to public policies rather than demand side. The graphic analysis is applied to relationships between urban growth and land development process of each use and between land development project managed to public policies and land development process. Public and land development projects and zonning protection seem to be major roles of land supply and main determinants of urban spatial structure. Location factors for land development of each uses are selected in 23 variables. Factor analysis is applied to test correlation between variables in 1971 and 1981. Factor structure between two years is similar, but progressive processing of functional separation is derived such as intensive land use is grouped, different location between residential and industrial use is deep. Dependent variables are standardized to logarithm of land development of each use per unit vacant land in two periods, between 1971 and 1980 year and between 1981 year. Correlation analysis between 6 dependent variables and 23 location factors in each years are applied. Major factors of each use are selected in criteria such as high correlation with dependent variables, low correlation between independent variables and common application in two periods. As the result, major factors for residential land development are Land Readjustment Project (LRP), percent of total zoned area in residential zone, residential floor space density per available area, percent of total area in industrial use; for commercial development is distance to CBD, percent of total area in commercial use, residential floor space density per available area in each year, and volumn rate of industrial use; for industrial use is percent of total area of industrial use is percent of total area of industrial use, Industrial Estate Project (IES), LRP, and distance from CBD. Land development pattern of each use between two periods are slightly different. So 6 equation is derived from appling backward method of regession. Adjusted multiple R squares of all is more than 0.5 and those equation is statistically significant and valuable to assist urban land use forecasting.

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A Study on the Applied Zoning System for the Preventing Reckless Developments due to Industrial Facility Construction -A Case Study on Hwasung- (공장 및 제조장 난개발 방지를 위한 지구제 적용방안에 관한 연구 -화성시를 사례로-)

  • Kim, Chul-Hong;Lee, Won-Young;Choi, Hyung-Seok
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.5 no.5
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    • pp.45-57
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    • 2002
  • This study aims to suggest the applied zoning system for preventing reckless developments due to individual industrial facility construction. According to the types of reckless developments which has been found in Hwasung, the applied zoning system including 4 kinds of districts can be proposed. Collective Inducement District can be designated to where many industrial facilities have already existed with poor infrastructure, and the other districts such as Residential Area Protection District, Reservoir-Around and Agricultural Area Protection District, or Landscape Protection District may be designated to the sites where reckless developments due to individual industrial facility construction may happen. This zoning system seems to be used as a guideline of new zoning of revised NLUPL(National Land Use and Plan Law) after the execution.

A Study on the Ecological Development of Multi-family Housing on Hillside (경사지의 환경친화적 집합주택 개발방안)

  • 현택수;서정무
    • Journal of the Korean housing association
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    • v.13 no.2
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    • pp.55-64
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    • 2002
  • This study aims at the suggestion of possibility that a housing density will maintain properly and that an ecological hill housing will recover a rapport with the ground. That is, both residential planning on the hillside and ecological architecture as a concept for development are chosen for study category, and relationship between the hillside and the hill housing is theorized and then propriety is analysed through application of the ecological planning elements. The results of this study are as follows: 1. Now that the hillside is regarded as an idle land that preserves natural environment and maintains ecosystem, it must be developed on the basis of awareness that nature and human beings exist together. 2. Analysis of geographical factors must be advanced because it is inevitable that the development of the hill housing should be performed properly to the geographical characteristics. 3. Planning elements of ecological residential block which are possible for constructing on the hillside can be developed and applied, on the basis of geographical characteristics, by classifying them into two areas; housing estate, building and unit.

A Study on the Physical Quality Indicators and the Users' Satisfaction of Parking Space in Apartment Housing Estates, built in 1994-1998 (공동주택단지 주차공간의 정량적 계획특성과 이용자만족도에 관한 연구 - 1990년대 사례를 중심으로 -)

  • Kim, Gi Soo
    • KIEAE Journal
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    • v.8 no.6
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    • pp.39-46
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    • 2008
  • The purpose of this research is to analyze the planning characteristics based on the physical quality indicators and the users' satisfaction of parking space in apartment housing through the case study of 36 housing estate samples which were built in 1994-1998. The contents of this research consists of three main parts. The first part is to analyze the characteristics of residential environment based on the quality indicators of parking space in apartment housing. The second part is to analyze the correlation of quality indicators of parking space and development conditions in apartment housing. The third part is to analyze the correlation of users' satisfaction and physical quality indicators of parking space, and to propose the planning methods which increase the quality of residential environment of parking space in apartment housing.

Methods for Government Housing Regulation of Residential Mortgage Loan related to Remodeling (리모델링 주택담보대출 규제의 효과적 운영방안)

  • Lee, Ji-Hyung;Lee, Min-Joo;Cho, Kyu-Soo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.11a
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    • pp.182-183
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    • 2019
  • The amount of multi-aged housing more than 15 years since the completion has increased, and the real estate market caused by apartment remodeling has also increased. The domestic mortgage loan regulation on relocation expense caused by remodeling apply to same limit as that for mortgage loan newly-built apartment. The excessive government housing regulation could be an obstacle for the occupants residential stability of remodeling apartment. To suggest methods for government housing regulation of residential mortgage loan related to remodeling, examples for mortgage loan regulation and mortgage products were studied and compared. It is pointed out that regulation on occupants relocation expense caused by remodeling has to be relaxed and mortgage product development are needed to boost remodeling project.

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A Study on the Preference of Residential Environment at the Stage of Purchasing Apartments using Conjoint Analysis - focused in Gwangju City - (컨조인트 분석을 통한 공동주택 구매시 주거환경 선호도 연구 - 광주광역시를 대상으로 -)

  • Lee, Hyun-Chul;Park, Hyeon-Ku;Go, Seong-Seok
    • Journal of the Korean housing association
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    • v.20 no.2
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    • pp.27-35
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    • 2009
  • With the change of construction environment, the main body of construction industry was moved from project suppliers to consumers. Accordingly in order to strengthen competitiveness, project suppliers have to concentrate on marketing for diversification. Thus, it is required to utilize real estate marketing from the beginning of development project to introduce 'consumer-centered marketing strategies' instead of 'supplier-centered marketing'. This study aims to find out what consumers consider the most important factors when selecting apartment. According to the study, when residents select their apartment in residential area, they valued those attributes with investment, location, dwelling attribute, apartment complex attribute, unit price per square meter, in order. This result will contribute to qualitative improvement of housing development project.

A Study on North Korea's Residential Environment in the Kim Jong-un

  • Sun-Ju KIM
    • The Journal of Economics, Marketing and Management
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    • v.11 no.4
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    • pp.11-18
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    • 2023
  • Purpose: The purpose of this study is to present policy implications by analyzing the residential environment in North Korea under the Kim Jong-un regime. Research design, data, and methodology: Residential environment analysis was reviewed by dividing it into physical, socio-cultural, economic, environmental, and policy aspects. Results: Pyongyang are considerably superior due to it being the residence of the country's leadership and middle class. Secondly, there is a concerning problem with the provision of substandard housing. Construction materials are in short supply, and unreasonable timelines often lead to uninhabitable houses, signaling a need for assistance in housing construction. Thirdly, there is a severe lack of essential residential infrastructure, such as reliable electricity and clean water supply, which significantly impacts the quality of life. Lastly, due to the country's economic hardships, basic housing rights are not guaranteed, leading to deplorable living conditions for many North Koreans. The report suggests that these issues should be addressed through international aid to guarantee the basic human rights of North Koreans. Conclusions: In North Korea, the poor living environment deteriorates the health and quality of life of citizens and adversely affects social and economic development. Therefore, international support and cooperation to improve the living environment of North Koreans is important.