• Title/Summary/Keyword: the Supply Ratio of Housing

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Analysis of the Korean Real Estate Market and Boosting Policies Focusing on Mortgage Loans: Using System Dynamics (주택담보대출 규제 완화에 따른 부동산시장 영향 분석: 시스템다이내믹스 모형 개발)

  • Hwang, Sung-Joo;Park, Moon-Seo;Lee, Hyun-Soo;Yoon, You-Sang
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.1
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    • pp.101-112
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    • 2010
  • The Korean real estate market currently is experiencing a slowdown due to the global economic crisis which has resulted from subprime mortgage lending practices. In response, the Korean government has enforced various policies, based on intend to deregulate real estate speculation, such as increasing the Loan to value ratio (LTV) in order to stimulate housing supply, demand and accompanying housing transactions. However, these policies have appeared to result in deep confusion in the Korean housing market. Furthermore, analyses for housing market forecasting particularly those which examine the impact of the international financial crisis on the Korean real estate market have been partial and fragmentary. Therefore, a comprehensive and systematical approach is required to analyze the real estate financial market and the causal nexus between market determining factors. Thus, with an integrated perspective and applying a system dynamics methodology, this paper proposes Korean Real Estate and Mortgage Market dynamics models based on the fundamental principles of housing markets, which are determined by supply and demand. As well, the potential effects of the Korean government's deregulation policies are considered by focusing on the main factor of these policies: the mortgage loan.

Perception Analysis between Consumers and Experts to solutions about unsold housing in the Metropolitan area of South Korea (수도권 미분양 주택 감소방안에 대한 수요자와 전문가 의식분석)

  • Lee, Yun-Hong;Lee, Joo-Hyung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.9
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    • pp.4514-4523
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    • 2013
  • Currently the number of unsold housing is rapid increasing over again in the Seoul Metropolitan area. So this research analyzed effective and possible solutions focus on the potential customers and professionals. There was a research method setting up alternative solutions from the existing researches and the other suggestions though FGI (Focus Group Interview) by professionals. And then it investigated the efficient ways to resolve those problems through Conjoint Analysis. According to the result of this paper, firstly the customers considered 'financial supports', 'self-rescue efforts for construction companies' and 'taxation support' than the other. On the other hand, professionals evaluated 'publicly purchased housing' and 'new housing policies' were more essential solutions besides, both of them recognized the importance of ;financial support'. Secondly there were some ideas that it was necessary to more less control LTV (Loan to Value ratio) and DIT ( Debt to Income) and the LH (Korea Land and Housing Corporation) buy unsold housing. Finally the government and housing association had to manage and intervene the supply of housing within metropolitan area and restrict to building new properties and the construction companies actively provide less strict standard terms and conditions in contract for purchasing housing for instance, the decline of housing sale price or interest-free and so on.

A Study on the Analysis the Tendency of New Rural Houses Type in Gyeongbuk Province - Focused on the 12-Gun Area in Gyeongbuk Province - (경북지역 신축 농촌주택의 건축경향에 관한 연구 - 경북 지역의 12개 군 지역을 중심으로 -)

  • Hwang, Yong-Woon
    • Korean Institute of Interior Design Journal
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    • v.23 no.3
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    • pp.21-28
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    • 2014
  • The purpose of this study is to analysis the change of rural house type in Gyeongbuk province. There are 13 Gun(a kind of administrative district) areas in Gyeongbuk province. According to definition of rural area, the scopes of the research of rural houses limited the 12 places rural area(Gun area, excluded Ulleung-Gun) of Gyeongbuk province. The method of study is to compare and analyze about housing situation, structure of house, housing type and housing area etc. through the statistical data of each Gun area and other various data etc. during these 5 years. As a results of the analysis : 1) The supply ratio of housing is steadily decreasing in rural areas. 2) The houses of rural areas are changing from a detached house to multi-household house and small apartment by development near the rural area. 3) The number and area of commercial buildings are gradually increasing because of urbanization of rural areas. 4) The most houses inside area scopes in the rural area was from $60m^2$ to $85m^2$ area. And the family types of rural house are changing from large family to nuclear family and single households. 5) The structure of rural houses is changing from the brick house type to lightweight steel construction house because of cost-cutting of construction and easy way to construct etc.

A Study on the Policy Agenda for Activating PC Apartment using Focus Group Interview(FGI) (FGI를 사용한 PC공동주택 활성화 정책과제 모색)

  • Bae, Byung-Yun;Kang, Tai-Kyung;Shin, Eun-Young;Kim, Kyong-Hoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.12
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    • pp.888-895
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    • 2020
  • In the construction industry, off-site construction (OSC) is drawing attention as a production method due to changes in working hours and the supply and demand of manpower. In 1991, there was a policy of spreading and expanding the use of precast concrete (PC) apartment homes, but they have not been actively used so far since they were discontinued due to quality problems. In this study, policy tasks were analyzed to motivate the application of OSC-based PCs in the apartment housing sector, and policy directions were derived by conducting focus group interviews (FGI). Nine policies are suggested regarding the following topics: PC apartment supply quantity provision, priority application of public housing, priority supply of public housing, preferential floor area ratio, funding, tax support, improvement of business area structure, improvement of delivery method, factory certification system, and training of experts. The results of the FGIs are as follows. First, in order to revitalize PC apartment homes, leading efforts from the public sector are required. Second, rather than reorganizing the business sector or introducing a new delivery method, a policy direction that induces the strengthening of cooperation is desirable. Third, PC activation should be promoted on an institutional basis for securing appropriate construction costs and quality.

A Study on the Space Analysis of Rural House Plans and Types in Bonghwa Area Using the Space Syntax (봉화지역의 농촌주택 유형과 공간구문론에 의한 공간 분석)

  • Hwang, Yong-Woon
    • Korean Institute of Interior Design Journal
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    • v.24 no.2
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    • pp.142-150
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    • 2015
  • The purpose of this study is to analysis the change of rural house type and house plans in Bonghwa province. According to definition of rural area, the scopes of the research of rural houses limited the Bonghwa rural area(1 eup, 9 myeon). The method of study is to compare and analyze about housing situation, structure of house, housing type and construction of house space etc. through the statistical data of Bongwha statistical yearbook, space syntax(convex analysis) and other various data etc. during these 10 years. As a results of the analysis 1) According to Change of family member the supply ratio of detached house is steadily decreasing and changing from a detached house to multi-household house in Bongwha areas. 2) Most of houses structure were using lightweight steel construction because of cost-cutting of construction and easy way to construct etc.. 3) The highest Integration space is living space in rural house plans 4) The highest segregation space is bathroom space of master bed room in rural house plans. Some of bed rooms are classed as segregation space regardless of Integration space 5) Traditional front yard's function is changing from the place with the various functions to the place with the specific functions.

The Effect of Urban and Climate Characteristics on Energy Resilience - Focusing on Blackout Time - (도시 및 기후특성이 에너지 회복력에 미치는 영향 - 정전발생시간을 중심으로 -)

  • Lee, DongSung;Moon, Tae-Hoon
    • Journal of Korea Planning Association
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    • v.54 no.4
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    • pp.122-130
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    • 2019
  • The purpose of this study is to analyze effect of climate and urban factors on energy resilience, and to explore policy alternatives to strengthen resilience of energy system. For this purpose, this study used extensive literature review on resilience studies and multiple regression analysis. In this study, blackout time was set as a dependent variable. And the independent variables were divided into climate and urban (robustness, countermeasure capacity) characteristics. As a result of the analysis, in terms of climate characteristics, maximum wind speed and cooling/heating degree-day have statistically significant impact on blackout time. With regard to urban characteristics, number of consumer, ratio of deteriorated housing and coast dummy variables have statistically significant impact on blackout time. And the ratio of government employees and road ratio were found to be the most influencing factors to shorten time taken to restore original level of electricity supply. Based on the study results, several policy suggestions to improve energy resilience were made such as continuous management of vulnerable areas and strengthening disaster response services. This study only considered engineering dimension of resilience. Further studies need to be approached on ecological & social-ecological dimension.

Thrust Bearing Design for High-Speed Composite Air Spindles (고속 복합재료 공기 주축부를 위한 추력베어링 설계)

  • Bang, Kyung-Geun;Lee, Dai-Gil
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.26 no.10
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    • pp.1997-2007
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    • 2002
  • Composite air spindles are appropriate for the high-speed and the high-precision machining as small hole drilling of printed circuit board (PCB) or wafer cutting for manufacturing semiconductors because of the low rotational inertia, the high damping ratio and the high fundamental natural frequency of composite shaft. The axial load and stiffness of composite air spindles fur drilling operation are determined by the thrust ben ring composed of the air supply part mounted on the housing and the rotating part mounted on the rotating shaft. At high-speed rotation, the rotating part of the thrust bearing should be designed considering the stresses induced by centrifugal force as well as the axial stiffness and the natural frequency of the rotating shaft to void the shaft from failure due to the centrifugal force and resonant vibration. In this work, the air supply part of the thrust bearing was designed considering the bending stiffness of the bearing and the applied load. The rotating part of the thrust bearing was designed through finite element analysis considering the cutting forces during manufacturing as well as the static and dynamic characteristics under both the axial and con trifugal forces during high-speed rotation.

The Effect of Gender Imbalance on Housing Price in China

  • HAN, Xinping;AZMAN-SAINI, W.N.W.;ROSLAND, Anitha;BANI, Yasmin;LAW, Siong Hook
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.671-679
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    • 2021
  • House ownership is considered as one of the important pre-conditions for marriage in China. Given that gender imbalance is a prominent issue in the country, competition for marriage partners might motivate males to look for a house and probably bigger and more expensive house. This is believed to have caused house price hikes in recent years. This study aims to investigate the impact of gender imbalance on house prices using data from 30 provinces in China for the 2000-2017 period. The results based on the generalized method of moments (GMM) estimations show that house price is strongly influenced by gender imbalance. However, there is no evidence to support differential effects across eastern and mid-western regions. One potential reason is that pre-marriage house ownership has become a common culture for the whole community and therefore it does not vary significantly across regions. There are several important policy implications. Firstly, the issues should be addressed by the policymakers at national level and not regional level. Secondly, the government should intervene to bring back gender ratio to its normal level. Finally, the government should limit the number of houses people can buy and increase the supply of houses in the market.

Qualitative Equity of Neighborhood Parks in Daegu According to Socioeconomic Status (사회경제적 지위에 따른 대구시 근린공원 질적 가치 형평성)

  • Jung, Mijeong;Jung, Taeyeol
    • Journal of the Korean Institute of Landscape Architecture
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    • v.48 no.2
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    • pp.45-55
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    • 2020
  • In terms of environmental justice, urban parks play a pivotal role in imperative amenities allowing for physical activity. The reasonable distribution of urban park services must be considered in terms of community demand and the context of the park. The purpose of this study is to analyze the inequity of qualitative park service according to the socioeconomic status(SES) in Daegu. The qualitative service was assessed for 82 neighborhood and walking-distance parks by utilizing the NGST(Neighborhood Green Space Tool). The inequity was analyzed by SES variables(ratio of basic living recipients, ratio of single-parent families, average housing sales, dilapidated dwelling ratio, and park area per capita). The features of the qualitative equity in Daegu is as follows. First, urban park planning in Daegu is in parallel with the development of residential areas rather than the local policy. The development pattern of parks stretching from center of the city to outskirts clearly dissociates the city based on socioeconomic status. The parks in the center are relatively old and poorly managed. Second, overall neighborhood parks lacked recreational facilities. The facilities are significantly influenced by the housing values around them. The lower the recreation facility score, the higher the floor gradient of the urban parks constraining physical activities. Third, the quantitative supply of parks has nothing to do with the quality of the urban parks. Green space distribution is highly dependent on natural park areas, so the park area per capita cannot be a standard for assessing qualitative equity.

Case History: Micropiling for Existing Foundation Retrofits (마이크로파일을 이용한 기초보강공법의 국내 적용 사례)

  • Lee, Jung-Hoon;Choi, Chang-Ho;Cho, Sam-Deok;Lee, Ki-Hwan;Jo, Hyun
    • Proceedings of the Korean Geotechical Society Conference
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    • 2008.03a
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    • pp.359-365
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    • 2008
  • As housing supply ratio has become over 100%, the strategic vision of government's policies has been changed from new construction to maintenance and regeneration of old architectural-structures. This fact has brought a light on the reconstruction and remodeling industries and a need for retrofit and rehabilitation techniques of existing foundation. Various methods of foundation for architectural-structures do exist. Among them, micropiling technologies are increasingly applied in foundation rehabilitation and seismic retrofitting projects. Micropiling techniques provide environmental-friendly methods for minimizing disturbance to adjacent structures, ground, and the environment. The installation is possible in restrictive area and general ground conditions. The fact that the installation procedures cause minimal vibration and noise and require very low ceiling height makes the micropiling methods to be commonly used for underpin existing structures. Specialized drilling equipment is often required to install the micropiles for existing basement facilities. This paper presents a case study in which micropiles were constructed to support a superstructure for vertical extension of existing elevator core and provide accessibility to underground parking lot. It is intended to become useful reference for the similar remodeling project.

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