@article{ART001795102},
author={박나에 and Lee, Sang Kyeong},
title={Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2013},
volume={23},
number={2},
pages={153-170}
TY - JOUR
AU - 박나에
AU - Lee, Sang Kyeong
TI - Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices
JO - Korea Real Estate Review
PY - 2013
VL - 23
IS - 2
PB - korea real estate research institute
SP - 153
EP - 170
SN - 2092-5395
AB - The purpose of this paper is to analyse effects of regional and neighborhood living environment on mixed use apartment prices in Seoul. Previous studies have limitations for identifying price differences among boroughs because they used the single level model like ordinary least square regression. To overcome these limitations, we use hierarchical linear model (HLM), concretely random intercept model and random coefficient model. We establish database with hierarchical structure using apartment sale prices of Ministry of Land, Infrastructure and Transport. By considering market characteristics, we adopt centrality and income level as higher level characteristics. To represent these characteristics, we use daytime population index and college graduates-to-population. To represent neighborhood living environment characteristics, we use the area of community facility, nearest park distance, subway distance, the number of middle and high school and large commercial facilities. We find that regional centrality and income level effect positively on mixed use apartment prices and neighborhood living environments effect positively, too.
KW - mixed use apartment price;hierarchical linear model;random intercept model;regional and neighborhood living environment
DO -
UR -
ER -
박나에 and Lee, Sang Kyeong. (2013). Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices. Korea Real Estate Review, 23(2), 153-170.
박나에 and Lee, Sang Kyeong. 2013, "Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices", Korea Real Estate Review, vol.23, no.2 pp.153-170.
박나에, Lee, Sang Kyeong "Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices" Korea Real Estate Review 23.2 pp.153-170 (2013) : 153.
박나에, Lee, Sang Kyeong. Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices. 2013; 23(2), 153-170.
박나에 and Lee, Sang Kyeong. "Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices" Korea Real Estate Review 23, no.2 (2013) : 153-170.
박나에; Lee, Sang Kyeong. Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices. Korea Real Estate Review, 23(2), 153-170.
박나에; Lee, Sang Kyeong. Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices. Korea Real Estate Review. 2013; 23(2) 153-170.
박나에, Lee, Sang Kyeong. Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices. 2013; 23(2), 153-170.
박나에 and Lee, Sang Kyeong. "Effects of Regional and Neighborhood Living Environment on Mixed Use Apartment Prices" Korea Real Estate Review 23, no.2 (2013) : 153-170.
