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A Study on Value Determination Factors for Apartment Site

  • Korea Real Estate Review
  • 2011, 21(3), pp.149-168
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

최경관 1 Joo Hyun Cho 1

1건국대학교

Accredited

ABSTRACT

It is important to analyze the effect of a floor area ratio and apartment price on land value for appraising a apartment site because these affect the land demand. However, few analyses have been done on these. The purpose of this study is to empirically analyze the effect of a floor area ratio and apartment price on land value by Two Step Least Squares Method. Despite the regional limitations, there are profitable suggestions are as follows; the effect of a floor area ratio and apartment price on land value are empirically proven and a credibility of appraisal will increase by applying these statistical data.

Citation status

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