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An Analysis of the Effect of the Compulsory Rental Housing Provision Policy on the Redemption of Betterment in Korea

  • Korea Real Estate Review
  • 2008, 18(1), pp.153-168
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Soon-Tak Suh 1 김정규 1

1서울시립대학교

Candidate

ABSTRACT

Recently, the reconstruction of apartment and the provision of rental housing has attracted interest from policy-makers and academics in Korea. This interest links to reconstruction policy which a rental housing should be built compulsorily when an apartment complex is reconstructed. This research is closely related to the redemption of betterment come from reconstruction of apartments. In this context this study is aimed at analysing empirically the effect of the compulsory rental housing in an apartment reconstruction complex on the redemption of betterment. In doing so, two cases have been investigated and analysed. This study was intended to analyse the actual conditions of the redemption system of betterment based on two real cases. The result of case study is that the size of betterment at Kang-Nam area is bigger than that of the Kwang-Myung case, meanwhile the redemption ratio of betterment of the Kang-Nam case is rather lower than that of the Kwang-Myung case. This study concludes that the future reconstruction policy of apartment complex should consider the differential redemption ratios by regions.

Citation status

* References for papers published after 2023 are currently being built.