본문 바로가기
  • Home

A Study on Spatial and Temporal Structure of Land Price in Seoul (1996~2007) with Land Price Function and Spatial Statistics

  • Korea Real Estate Review
  • 2011, 21(3), pp.9-29
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Chang-Deok Kang 1

1중앙대학교

Accredited

ABSTRACT

Urban economists and real estate researcher analyze the spatial pattern of land price to understand the change of urban spatial structure and sub-market of land. This study aims to analyze the spatial and temporal structure of land price in Seoul between 1996 and 2007 with land price function and spatial statistics. The study with recent data on land price finds that land price function with monocentric models have more explanatory power in the spatial variation of retail-office land price. In polycentric models, distance to the two key urban centers, CBD and Kangnam sub-CBD, mainly explains the spatial pattern of residential and retail-office land price in Seoul. Finally, spatial statistics, Moran’s I and Getis-Ord G, confirms that the concentration of higher residential land price appeared in Kangnam and Seocho-Gu while that of retail-office land price did in CBD and Kangnam sub-CBD.

Citation status

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