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A Study on the Influences of Environmental Factors on the Apartment Price:Focused on View Quality and Park Accessibility in Songdo Newtown

  • Korea Real Estate Review
  • 2013, 23(3), pp.99-121
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

이진순 1 Jonghoon Kim 2 Yang-Hoon Sonn 2

1감정평가사
2인천대학교

Accredited

ABSTRACT

This study attempted to explain both the influences of environmental characteristics, such as the openness, park view, park accessibility, over apartment price, and whether their influential power could be controlled upon the apartment physical traits (size, floor level). To test the research model and hypotheses, the empirical analysis was implemented. By using the actual transaction data, the influencing factors of apartment price were investigated. In this study, it was presented that as interactive effect the explanatory results (model 1-1, 1-2, 1-3) might be influenced by physical traits (size, floor level) other than the environmental characteristics (openness, park view, and park accessibility) of the main result (model 1). The result showed that openness, park view, and park accessibility influenced the apartment price positively. In addition, the influence of openness and park accessibility over apartment price were moderated by its size, whereas the park view was not statistically moderated by its floor levels.

Citation status

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