@article{ART001547319},
author={Choi Eunyoung and Koh Sung Soo and 김민석},
title={A Study on the Determinants of Apartment Premiums in Korea},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2011},
volume={21},
number={1},
pages={235-254}
TY - JOUR
AU - Choi Eunyoung
AU - Koh Sung Soo
AU - 김민석
TI - A Study on the Determinants of Apartment Premiums in Korea
JO - Korea Real Estate Review
PY - 2011
VL - 21
IS - 1
PB - korea real estate research institute
SP - 235
EP - 254
SN - 2092-5395
AB - Korean housing market maintains the pre-sales system in which home buyers should make an important decision two or three years before they actually owns the properties. It is believed very important for investors to forecast the price increase during the construction period. This paper studies factors affecting a market price when a home buyer move into a new house. This study established a theoretical model regarding the determinants of the difference between the initial sale price and a market price at the time when a home buyer move into a new house. It is analyzed by the regression analysis method using actual data in Seoul. The empirical findings exhibit that macro level variables, regional factors, and individual characteristics are all statistically significant. The changes in price are significantly affected by the sale price and individual characteristics of the property; a size of complex, a constructor brand, walking distance to the subway station, corridor design, a number of floors, and parking spaces.
KW - pre-sales;premium;apartment
DO -
UR -
ER -
Choi Eunyoung, Koh Sung Soo and 김민석. (2011). A Study on the Determinants of Apartment Premiums in Korea. Korea Real Estate Review, 21(1), 235-254.
Choi Eunyoung, Koh Sung Soo and 김민석. 2011, "A Study on the Determinants of Apartment Premiums in Korea", Korea Real Estate Review, vol.21, no.1 pp.235-254.
Choi Eunyoung, Koh Sung Soo, 김민석 "A Study on the Determinants of Apartment Premiums in Korea" Korea Real Estate Review 21.1 pp.235-254 (2011) : 235.
Choi Eunyoung, Koh Sung Soo, 김민석. A Study on the Determinants of Apartment Premiums in Korea. 2011; 21(1), 235-254.
Choi Eunyoung, Koh Sung Soo and 김민석. "A Study on the Determinants of Apartment Premiums in Korea" Korea Real Estate Review 21, no.1 (2011) : 235-254.
Choi Eunyoung; Koh Sung Soo; 김민석. A Study on the Determinants of Apartment Premiums in Korea. Korea Real Estate Review, 21(1), 235-254.
Choi Eunyoung; Koh Sung Soo; 김민석. A Study on the Determinants of Apartment Premiums in Korea. Korea Real Estate Review. 2011; 21(1) 235-254.
Choi Eunyoung, Koh Sung Soo, 김민석. A Study on the Determinants of Apartment Premiums in Korea. 2011; 21(1), 235-254.
Choi Eunyoung, Koh Sung Soo and 김민석. "A Study on the Determinants of Apartment Premiums in Korea" Korea Real Estate Review 21, no.1 (2011) : 235-254.