@article{ART002208980},
author={Sang-Young Bae and Sangyoub Lee},
title={Effect of Open Floor Plan Design Property on Apartment Price},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2017},
volume={27},
number={1},
pages={17-32}
TY - JOUR
AU - Sang-Young Bae
AU - Sangyoub Lee
TI - Effect of Open Floor Plan Design Property on Apartment Price
JO - Korea Real Estate Review
PY - 2017
VL - 27
IS - 1
PB - korea real estate research institute
SP - 17
EP - 32
SN - 2092-5395
AB - The openness of residential space directly affecting lighting, view, and ventilation leads to the variation of open floor plan type in apartment construction project. This study intends to substantiate the effect to the apartment price by design property of open floor plan based on actual design information of apartment and price. The open floor plan type and associated design property, and actual transaction price of apartment have been considered as variables for analysis by the hedonic price function model and artificial neural networks model. Research findings indicate that the openness affects the price of apartment positively and the three sides open plan is the most preferred with the highest price. This study aims to provide the implication to the developer in planning and design stage of apartment and the purchaser seeking the suitable price by floor plan design.
KW - open floor plan;openness;apartment price;hedonic price model;artificial neural networks model
DO -
UR -
ER -
Sang-Young Bae and Sangyoub Lee. (2017). Effect of Open Floor Plan Design Property on Apartment Price. Korea Real Estate Review, 27(1), 17-32.
Sang-Young Bae and Sangyoub Lee. 2017, "Effect of Open Floor Plan Design Property on Apartment Price", Korea Real Estate Review, vol.27, no.1 pp.17-32.
Sang-Young Bae, Sangyoub Lee "Effect of Open Floor Plan Design Property on Apartment Price" Korea Real Estate Review 27.1 pp.17-32 (2017) : 17.
Sang-Young Bae, Sangyoub Lee. Effect of Open Floor Plan Design Property on Apartment Price. 2017; 27(1), 17-32.
Sang-Young Bae and Sangyoub Lee. "Effect of Open Floor Plan Design Property on Apartment Price" Korea Real Estate Review 27, no.1 (2017) : 17-32.
Sang-Young Bae; Sangyoub Lee. Effect of Open Floor Plan Design Property on Apartment Price. Korea Real Estate Review, 27(1), 17-32.
Sang-Young Bae; Sangyoub Lee. Effect of Open Floor Plan Design Property on Apartment Price. Korea Real Estate Review. 2017; 27(1) 17-32.
Sang-Young Bae, Sangyoub Lee. Effect of Open Floor Plan Design Property on Apartment Price. 2017; 27(1), 17-32.
Sang-Young Bae and Sangyoub Lee. "Effect of Open Floor Plan Design Property on Apartment Price" Korea Real Estate Review 27, no.1 (2017) : 17-32.
