@article{ART002792366},
author={Cha, Hye Min and Kim， Ji Yeon and Chang-Moo Lee},
title={The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2021},
volume={31},
number={4},
pages={19-30},
doi={10.35136/krer.31.4.2}
TY - JOUR
AU - Cha, Hye Min
AU - Kim， Ji Yeon
AU - Chang-Moo Lee
TI - The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City
JO - Korea Real Estate Review
PY - 2021
VL - 31
IS - 4
PB - korea real estate research institute
SP - 19
EP - 30
SN - 2092-5395
AB - The expansion effect of the subway line, which was mainly studied in the past, has been focused on improving the accessibility to the starting point. However, in this study, the shortened time to the destination is also considered a convenience benefit caused by the subway’s opening. We examined the expansion effect of Line 3 in Busan, where Lines 1 and 2 are currently operational. We also examined the effect of the extension of Line 2 in Daegu City. The analytical methods were employed by applying the “repeat sales model” that can be analyzed by time series. We also examined the effect of subway accessibility on the rent price of apartments from 2000 to 2010.
The main results indicated that despite the unchanged distance from the existing subway, the utility of that station increased with the extension of the new route. The results of this empirical analysis can be used as a reference to determine the benefits and effects of establishing subway lines in terms of existing route users through cost analysis.
KW - housing price;modified repeat sales model;network expansion effect;accessibility
DO - 10.35136/krer.31.4.2
ER -
Cha, Hye Min, Kim， Ji Yeon and Chang-Moo Lee. (2021). The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City. Korea Real Estate Review, 31(4), 19-30.
Cha, Hye Min, Kim， Ji Yeon and Chang-Moo Lee. 2021, "The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City", Korea Real Estate Review, vol.31, no.4 pp.19-30. Available from: doi:10.35136/krer.31.4.2
Cha, Hye Min, Kim， Ji Yeon, Chang-Moo Lee "The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City" Korea Real Estate Review 31.4 pp.19-30 (2021) : 19.
Cha, Hye Min, Kim， Ji Yeon, Chang-Moo Lee. The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City. 2021; 31(4), 19-30. Available from: doi:10.35136/krer.31.4.2
Cha, Hye Min, Kim， Ji Yeon and Chang-Moo Lee. "The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City" Korea Real Estate Review 31, no.4 (2021) : 19-30.doi: 10.35136/krer.31.4.2
Cha, Hye Min; Kim， Ji Yeon; Chang-Moo Lee. The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City. Korea Real Estate Review, 31(4), 19-30. doi: 10.35136/krer.31.4.2
Cha, Hye Min; Kim， Ji Yeon; Chang-Moo Lee. The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City. Korea Real Estate Review. 2021; 31(4) 19-30. doi: 10.35136/krer.31.4.2
Cha, Hye Min, Kim， Ji Yeon, Chang-Moo Lee. The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City. 2021; 31(4), 19-30. Available from: doi:10.35136/krer.31.4.2
Cha, Hye Min, Kim， Ji Yeon and Chang-Moo Lee. "The Effect of Subway Network Expansion on Housing Rental Price in Busan, Daegu Metropolitan City" Korea Real Estate Review 31, no.4 (2021) : 19-30.doi: 10.35136/krer.31.4.2
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