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Different Factors Affecting Resident Satisfaction with the Physical Mixture of For-rent and For-sale Apartment Units

  • Korea Real Estate Review
  • 2019, 29(3), pp.63-75
  • DOI : 10.35136/krer.29.3.4
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate
  • Received : June 3, 2019
  • Accepted : September 6, 2019
  • Published : September 30, 2019

AHN, YONGJIN 1

1서울과학기술대학교

Accredited

ABSTRACT

There is a large volume of literature that shed light on the factors affecting resident satisfaction with public for-rent apartment housings whereas little is known about the subjective evaluation of the residential environment in mixed-tenure housings. This study aims to suggest policy strategies for the improvement of the quality of life of the residents of mixed-tenure apartment housings by identifying the differences in the factors associated with their satisfaction with such housings. Using factor analysis of the data obtained from the survey questionnaire targeting 567 residents (284 persons in private sale units; 283 persons in public rental units), four explanatory variables reflecting the site characteristics subjectively evaluated by the residents are identified. The results of the use of the ordered logit model reveal that both the physical layout types and the site characteristics are positively associated with the resident satisfaction at a statistically significant level. Notably, however, the influences of the explanatory variables in two stratified models by tenure type are different. While the “adjacency” type is negatively related to the resident satisfaction in a public rental model, such impact is positive but not statistically significant in a private sale model. The study findings suggest that “site mixture” and “building mixture” can more effectively improve the resident satisfaction in mixed-tenure apartment housings.

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