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A Study on the Improvement of Income Approach in Commercial Land Price Notification

  • Korea Real Estate Review
  • 2010, 20(2), pp.153-176
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Choi, Tae Kyu 1 Lee,Choon-Sup 1

1건국대학교

Accredited

ABSTRACT

This study examines some problems and their improvement in the model of income approach for the Commercial Land Price Notification through theoretical and objective analysis. The issue of Korean Model distinguishes between land and building’s NOI, violates the principle of vacant assumption appraisal and the Highest and Best Use. This study propose the improvement like following direction. There are Real Estate Residual Capitalization Methode Model, Cap rate and Discount rate have to investigate for the Commercial Land Price Notification.

Citation status

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