@article{ART001060202},
author={Jung, su-yeon and Kim, Tae Hoon},
title={A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2007},
volume={17},
number={1},
pages={27-48}
TY - JOUR
AU - Jung, su-yeon
AU - Kim, Tae Hoon
TI - A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model
JO - Korea Real Estate Review
PY - 2007
VL - 17
IS - 1
PB - korea real estate research institute
SP - 27
EP - 48
SN - 2092-5395
AB - In recent years, people in Korea are willing to pay a premium price for condominium units located on upper floors. In the past, people preferred the middle floors rather than the top floor orthe ground floor. And people preferred the ground floor rather than the top floor. This earlier tendency was based on issues concerning security and radiant heat. But recently, people have become more conscious of environmentally related aspects such as exposure to sunlight and the view from the unit. Changes in perception have had a strong effect on appraisals. The focus of this study is to analyze condominium unit price in terms of floor location, based on the comparison of residents' floor level satisfaction with total satisfaction with the condominium. It is assumed that 'hedonic price function'is the basic model for condominium price, and least square analysis was applied as an estimation method. Basic information on 7734 condominium units in Seoul, Korea was collected from 150 real estate appraisers. Information included the units'physical characteristics and neighborhood characteristics. It was found that there was a significant difference in the pattern of floor-level price between high floor and low floor. An index coefficient of floor variables indicates the changing patterns of price by floor choice.
KW - floor value;housing market;hedonic price model;appraisal work
DO -
UR -
ER -
Jung, su-yeon and Kim, Tae Hoon. (2007). A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model. Korea Real Estate Review, 17(1), 27-48.
Jung, su-yeon and Kim, Tae Hoon. 2007, "A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model", Korea Real Estate Review, vol.17, no.1 pp.27-48.
Jung, su-yeon, Kim, Tae Hoon "A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model" Korea Real Estate Review 17.1 pp.27-48 (2007) : 27.
Jung, su-yeon, Kim, Tae Hoon. A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model. 2007; 17(1), 27-48.
Jung, su-yeon and Kim, Tae Hoon. "A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model" Korea Real Estate Review 17, no.1 (2007) : 27-48.
Jung, su-yeon; Kim, Tae Hoon. A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model. Korea Real Estate Review, 17(1), 27-48.
Jung, su-yeon; Kim, Tae Hoon. A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model. Korea Real Estate Review. 2007; 17(1) 27-48.
Jung, su-yeon, Kim, Tae Hoon. A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model. 2007; 17(1), 27-48.
Jung, su-yeon and Kim, Tae Hoon. "A Study on Floor Balue of Apartment in Seoul by Using Hedonic Price Model" Korea Real Estate Review 17, no.1 (2007) : 27-48.
