@article{ART001045071},
author={박성식 and 이기열},
title={A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2006},
volume={16},
number={2},
pages={9-29}
TY - JOUR
AU - 박성식
AU - 이기열
TI - A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations
JO - Korea Real Estate Review
PY - 2006
VL - 16
IS - 2
PB - korea real estate research institute
SP - 9
EP - 29
SN - 2092-5395
AB - Based upon land valuation theory, this paper indicates the practical problems of traditional land valuation methods and theoretically proposes new appraising method called the Dual Valuation Model (DVM).
Building site, made up of land and improvements, has two different characters land-market and building stock-market in market aspect, vacant-land-value and contributory-value in terms of value aspect, and new-development-scale and present-scale in land development status.
The problems of the existing methodologies have no consideration for the dual aspects of land with improvements and cannot explain the value change process by Floor Area Ratio (FAR). At conclusion, this study emphasizes that the DVM, in the association with dynamic FAR, would produce more accurate outcomes than existing methodologies.
KW - building site;improved property;valuation model;floor area ratio;highest and best use
DO -
UR -
ER -
박성식 and 이기열. (2006). A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations. Korea Real Estate Review, 16(2), 9-29.
박성식 and 이기열. 2006, "A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations", Korea Real Estate Review, vol.16, no.2 pp.9-29.
박성식, 이기열 "A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations" Korea Real Estate Review 16.2 pp.9-29 (2006) : 9.
박성식, 이기열. A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations. 2006; 16(2), 9-29.
박성식 and 이기열. "A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations" Korea Real Estate Review 16, no.2 (2006) : 9-29.
박성식; 이기열. A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations. Korea Real Estate Review, 16(2), 9-29.
박성식; 이기열. A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations. Korea Real Estate Review. 2006; 16(2) 9-29.
박성식, 이기열. A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations. 2006; 16(2), 9-29.
박성식 and 이기열. "A Study on Dual Valuation Model for Land and Improvements of Building Site in Densely Developed Urban Locations" Korea Real Estate Review 16, no.2 (2006) : 9-29.
