A Study on Impacts of Consumption-Amenity Accessibility on Land Price in Gangnam-Gu, Seoul (소비편의시설의 접근성이 토지가격에 미치는 영향: 서울특별시 강남구를 중심으로)

안혜성; Chang-Deok Kang (강창덕)

A Study on Impacts of Consumption-Amenity Accessibility on Land Price in Gangnam-Gu, Seoul

Korea Real Estate Review
2014, 24(3), pp.149-165
Publisher : korea real estate research institute
Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

안혜성 ¹, Chang-Deok Kang ¹

¹중앙대학교

Accredited

ABSTRACT

Human capital has been thrust of city growth in recent years. They are high earners so it means that both the demand of a rich variety of services and goods increase and the price of the time become more expensive. Zoning have many problems so it is need to development that jobs, housing and commercial service and facilities in a neighborhood. Therefore consumption amenities are became closer, land price more expensive. This study aims to provide the impact of consumption amenity accessibility on land price by analyzing 1,057 land parcels in Gangnam-Gu, Seoul. This study classified consumption amenities in six sub amenities and measured 5 accessibility indices. The result from multi-level regression models shows that consumption amenities' proximity has an effect on the land price but has negative effects on land price within very close proximity. However, finance and culture amenity proximity affects positive land price within very close proximity.

KEYWORDS

accessibility, consumption amenities, land price, Gangnam-Gu, Seoul

Citation status

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

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