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A Study on Each Type of Issues for Urban Renewal Appraisal and Systematic Improvements : Focused on the Issues Related to the Feasibility

  • Korea Real Estate Review
  • 2014, 24(2), pp.59-73
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

정주희 1 Taehoon Kim 2

1한국부동산연구원
2(재)한국부동산연구원

Accredited

ABSTRACT

This study aims at drawing each type of issues for urban renewal appraisal focusing those related to the feasibility of urban renewal project, and suggesting the measures to enhance systems related to urban renewal appraisal. The main results are as follows:First, appraisal of pre-renewal (pre-redevelopment) property requires re-establishment of valuation date. Second, appraisal of post-renewal (post-redevelopment) property in housing redevelopment project requires consideration of appraisal methods other than cost approach method. Third, purchasing of state-owned/public lands call for clear and precise regulations regarding appraisal methods, greater range of lands for gratuitous transference, and simultaneous application of gratuitous transference of state-owned lands and floor area ratio incentive. Fourth, changes must be made concerning the agreement of the range for the cash settlement eligibility, the agreement of the standards to calculate the amount of cash settlement and clarifying the deduction limit of the business expenses for the cash settlement eligibility.

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