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@article{ART002265072},
author={Chang-Deok Kang},
title={Effects of Street Centrality on the Land Prices in Seoul, South Korea},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2017},
volume={27},
number={3},
pages={51-70}

TY - JOUR
AU - Chang-Deok Kang
TI - Effects of Street Centrality on the Land Prices in Seoul, South Korea
JO - Korea Real Estate Review
PY - 2017
VL - 27
IS - 3
PB - korea real estate research institute
SP - 51
EP - 70
SN - 2092-5395
AB - This study aimed to measure street centralities with the street width, and to analyze their effects on the residential and non-residential land prices in Seoul, South Korea. Most of the studies on urban economics and policy focusing on the urban spatial structure have evolved in terms of their perspective from monocentric to polycentric models. Recently, their themes shifted to measuring street centralities and capturing their effects on urban phenomena. To expand the existing studies and discussion, this study analyzed the street centralities with the street width, and how they changed the land prices. Multilevel regression models generated a few key findings relevant to the relationship between street centralities and land prices. While a higher detour volume and closeness to wider streets commanded premium residential land prices, higher visibility and detour volume to wider streets were associated with higher non-residential land prices. These findings suggest a robust connection between street configuration and near-land prices. Thus, the results of this study suggest a few insightful policy implications for urban planners, urban designers, real estate developers, and appraisers.
KW - street centrality;land price;multilevel regression models;Seoul
DO -
UR -
ER -

Chang-Deok Kang. (2017). Effects of Street Centrality on the Land Prices in Seoul, South Korea. Korea Real Estate Review, 27(3), 51-70.

Chang-Deok Kang. 2017, "Effects of Street Centrality on the Land Prices in Seoul, South Korea", Korea Real Estate Review, vol.27, no.3 pp.51-70.

Chang-Deok Kang "Effects of Street Centrality on the Land Prices in Seoul, South Korea" Korea Real Estate Review 27.3 pp.51-70 (2017) : 51.

Chang-Deok Kang. Effects of Street Centrality on the Land Prices in Seoul, South Korea. 2017; 27(3), 51-70.

Chang-Deok Kang. "Effects of Street Centrality on the Land Prices in Seoul, South Korea" Korea Real Estate Review 27, no.3 (2017) : 51-70.

Chang-Deok Kang. Effects of Street Centrality on the Land Prices in Seoul, South Korea. Korea Real Estate Review, 27(3), 51-70.

Chang-Deok Kang. Effects of Street Centrality on the Land Prices in Seoul, South Korea. Korea Real Estate Review. 2017; 27(3) 51-70.

Chang-Deok Kang. Effects of Street Centrality on the Land Prices in Seoul, South Korea. 2017; 27(3), 51-70.

Chang-Deok Kang. "Effects of Street Centrality on the Land Prices in Seoul, South Korea" Korea Real Estate Review 27, no.3 (2017) : 51-70.