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Perceptual Difference on Project Financing in the Housing Redevelopment Project : with Focus on the Co-Orientation Model

  • Korea Real Estate Review
  • 2007, 17(1), pp.87-113
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Oh, Seok keon 1 Kim, gab-Youl 1 Bang, Kyung Sik 2

1강원대학교
2한국부동산연구원

Candidate

ABSTRACT

Project Financing can be used as a useful finance supply method in housing redevelopment project. But, in korea, there are many legal and institutional handicap in adopting Project Financing in housing redevelopment project. Thus the purpose of this study is to identify the perceptual difference among stakeholder on Project Financing in housing redevelopment project by using co-orientation model. Because identification of perceptual difference among stakeholder can be the first step for vitalizing Project Financing in housing redevelopment project. And co-orientation model can show the perceptual difference among stakeholder(housing redevelopment association, financial agency, redevelopment management company) in comparing stakeholder's own perception with another stakeholder's perception in adopting Project Financing for housing redevelopment project. To accomplish this purpose, survey method is used for gathering data. According to the research results, stakeholder(housing redevelopment association, financial agency, redevelopment management company) perceived another's perception exactly. So, if a legal and institutional improvement is prepared in the early stage of housing redevelopment project, financial agency can have a trust and need in project finance. And analysis result of stakeholder's perception about impediment factors show that government and finance agency have to prepare for vitalization plan like development of financial product and fund of urban maintenance to project financing in housing redevelopment project.

Citation status

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