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@article{ART001831775},
author={Jeong, Moon Oh and Lee, Sang Youb},
title={A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2013},
volume={23},
number={3},
pages={51-77}

TY - JOUR
AU - Jeong, Moon Oh
AU - Lee, Sang Youb
TI - A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit
JO - Korea Real Estate Review
PY - 2013
VL - 23
IS - 3
PB - korea real estate research institute
SP - 51
EP - 77
SN - 2092-5395
AB - This study aims to examine the spatial and temporal effects of the opening of metropolitan rapid transit, which is one of the social overhead capitals, and the accessibility of a metropolitan rapid transit station on housing prices by applying various analyses. The results of the analysis at each construction stage of the metropolitan rapid transit indicated that the housing prices were the most affected right after the opening. Also, there was a price rise right after the beginning of the construction, but the price rise was slightly smaller than that in the opening or planning stage. In general, the construction project of the metropolitan rapid transit station had a positive effect on the prices of nearby housing rather than a negative effect. Therefore, it could be used for predicting the changes in real estate prices regarding the metropolitan rapid transit and light rail transit that are to be built in the future. Furthermore, it is thought that the results of this study could be used in decision making for the purpose of investment as well as for the purpose of actual residence.
KW - seoul metropolitan rapid transit;hedonic model analysis;cross sectional time series gls model;spatial autoregression model
DO -
UR -
ER -

Jeong, Moon Oh and Lee, Sang Youb. (2013). A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit. Korea Real Estate Review, 23(3), 51-77.

Jeong, Moon Oh and Lee, Sang Youb. 2013, "A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit", Korea Real Estate Review, vol.23, no.3 pp.51-77.

Jeong, Moon Oh, Lee, Sang Youb "A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit" Korea Real Estate Review 23.3 pp.51-77 (2013) : 51.

Jeong, Moon Oh, Lee, Sang Youb. A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit. 2013; 23(3), 51-77.

Jeong, Moon Oh and Lee, Sang Youb. "A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit" Korea Real Estate Review 23, no.3 (2013) : 51-77.

Jeong, Moon Oh; Lee, Sang Youb. A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit. Korea Real Estate Review, 23(3), 51-77.

Jeong, Moon Oh; Lee, Sang Youb. A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit. Korea Real Estate Review. 2013; 23(3) 51-77.

Jeong, Moon Oh, Lee, Sang Youb. A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit. 2013; 23(3), 51-77.

Jeong, Moon Oh and Lee, Sang Youb. "A Study on the Changes in Housing Prices Depending on the Accessibility of the Seoul Metropolitan Rapid Transit" Korea Real Estate Review 23, no.3 (2013) : 51-77.