This paper investigates the effects of the view on the apartment value of Daegu city, Korea from three perspectives; the first is how the apartment value differentiates with or without the views; the second is what elements affect the recognised the value of a view; the last is the hedonic pricing model with the view variables including the view ability, the view distances, the view type.
The value of the apartment with a view is 4.9 million won higher than that of the apartment without a view. The view value of the natural view is higher than that of the artificial view. And the view value of the apartment with the natural view is 4.1 million won, the view value of the apartment with the artificial view is 3.7 million won.
The view value of Han river in Seoul is estimated 18～25 million won, and the view value of sea-side in Busan is estimated 340～680 thousand won per a pyoung(1 pyoung is about 3.3058㎡). The view value of green land in Bundang and Ilsan is estimated 310～630 thousand won per a pyoung.