@article{ART002478698},
author={Jo Byung Ouk and Yoo， Joo Yeon},
title={Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2019},
volume={29},
number={2},
pages={39-51},
doi={10.35136/krer.29.2.3}
TY - JOUR
AU - Jo Byung Ouk
AU - Yoo， Joo Yeon
TI - Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex
JO - Korea Real Estate Review
PY - 2019
VL - 29
IS - 2
PB - korea real estate research institute
SP - 39
EP - 51
SN - 2092-5395
AB - The purpose of this study is to analyze the price determinants of Knowledge Industrial Centers according to locational characteristics and building characteristics. Regarding the price determination of centers that are new, industrial complex buildings, we proceed with our study by focusing on Seoul and neighboring areas (Gyeonggi-do). This study analyzes a total of 1,123 sales transactions of business units for seven years from 2011 to 2017, using the data on real transaction prices as provided by the Korea Appraisal Board.
The results can be summarized as follows. According to the multiple regression analysis, the closer the center is to major facilities, such as trains, subway stations, shopping centers, etc. in the downtown, the higher is the value of the unit in Seoul. Also, a unit has a higher value in Seoul when it is relatively new, smaller, and located on a higher floor. In Gyeonggi-do, with regards to locational characteristics, the closer the unit is to the highway IC, railway or subway station, and downtown, the higher its value. When it comes to building characteristics, the higher the ratio of the gross floor area and supporting facilities, the higher is the value of the unit. Also, the lower the age of the building, the smaller the supply area, and the lower the living floor, the higher is the value of the business unit.
KW - Knowledge Industrial Centers;price determinants;regional characteristics
DO - 10.35136/krer.29.2.3
ER -
Jo Byung Ouk and Yoo， Joo Yeon. (2019). Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex. Korea Real Estate Review, 29(2), 39-51.
Jo Byung Ouk and Yoo， Joo Yeon. 2019, "Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex", Korea Real Estate Review, vol.29, no.2 pp.39-51. Available from: doi:10.35136/krer.29.2.3
Jo Byung Ouk, Yoo， Joo Yeon "Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex" Korea Real Estate Review 29.2 pp.39-51 (2019) : 39.
Jo Byung Ouk, Yoo， Joo Yeon. Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex. 2019; 29(2), 39-51. Available from: doi:10.35136/krer.29.2.3
Jo Byung Ouk and Yoo， Joo Yeon. "Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex" Korea Real Estate Review 29, no.2 (2019) : 39-51.doi: 10.35136/krer.29.2.3
Jo Byung Ouk; Yoo， Joo Yeon. Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex. Korea Real Estate Review, 29(2), 39-51. doi: 10.35136/krer.29.2.3
Jo Byung Ouk; Yoo， Joo Yeon. Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex. Korea Real Estate Review. 2019; 29(2) 39-51. doi: 10.35136/krer.29.2.3
Jo Byung Ouk, Yoo， Joo Yeon. Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex. 2019; 29(2), 39-51. Available from: doi:10.35136/krer.29.2.3
Jo Byung Ouk and Yoo， Joo Yeon. "Price Determinants of the Knowledge Industry Center in a Metropolitan Industrial Complex" Korea Real Estate Review 29, no.2 (2019) : 39-51.doi: 10.35136/krer.29.2.3
