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An Analysis on Monthly Payments for Elderly Housing with Supportive Services in Japan

  • Korea Real Estate Review
  • 2014, 24(3), pp.119-132
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

도주은 1,  Seon-Jong Yoo 1

1건국대학교

Accredited

ABSTRACT

This study aims to propose the construction of elderly housing with supportive services, a form of elderly housing provided for the middle-income class, based on the Japanese case, analyze characteristic variables that affect monthly payments for such housing, and thereby seek a way to apply it to the Korean market. This study categorizes the characteristics of ‘Elderly housing with supportive services’ into service, facility, location and contract and size carries out an empirical analysis on 20 characteristic sub-factors as independent variables. According to this study, ‘facility attached to the housing’ or ‘public use’ or ‘houses located in Tokyo Zone 23’ had a positive(+) impact on monthly payments. Total floor area had a negative effect on monthly payments at first, but started to increase when the total floor area exceeds 3,137m2. This result means that economy of scale exists. The amount of average payment for Tokyo ‘elderly housing with supportive service’ is 19,700Yen per month, and this is roughly equivalent to average monthly consumption of Tokyo residents. The significance of this study lies in its focus on ‘Elderly housing with supportive services’, an area almost bereft of preceding studies, and the undertaking of an empirical analysis on monthly payments utilizing related data. Additionally, its selection of Tokyo as its spatial scope provides insight on urban elderly housing for which there is high preference.

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