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A Study of Project Financing for Housing Development in Korea

  • Korea Real Estate Review
  • 2009, 19(2), pp.175-190
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

윤혜정 1

1평택대학교

Accredited

ABSTRACT

The purpose of this study is defining the limits and problems of housing development financing system through 6 project cases. The results are 1) the rate of loan was too high(85~90%). 2) Feasibility studies were inaccurate. 3) the interest rate are generally set additional rate. 4) According the regulatory process was delayed, the amounts of capital increased. 5) most of all required rate of return on investment did not realize. Finally, we need to develop the proof methods of project's feasibility, to improve PF system and to adjust guarantee of an obligation. Also the land development companies should consolidate to capacity of finance and management.

Citation status

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