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A Study on the Logistics Sales Price Determinants in Gyeonggi-do

  • Korea Real Estate Review
  • 2017, 27(1), pp.45-57
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate
  • Published : March 31, 2017

Cho Young-Jae 1 YONG JIN KIM 1

1인하대학교

Accredited

ABSTRACT

In this study, the factors influencing logistics warehouse price were analyzed using Hedonic price model. All the actual transaction cases of the logistics centers in Gyeonggi province for 10 years from 2006 to 2015 were investigated. In this hedonic model, statistically significant variables includes building, economic, investment and time characteristics. The analysis permits a better insight of price determinants of warehouse price. First, the purchase price of large size logistics centers is relatively high. Second, the indirect investment shows higher price due to active investment tendency. Third, Foreign investors with various know-how on investment are leading the selling price.

Citation status

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