@article{ART003090256},
author={Hee-Kwan Kim and Joon-Sun Yang and Sanggun Lee},
title={Impact of Corporate Transaction Volume Ratio on Apartment Prices},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2024},
volume={34},
number={2},
pages={23-39},
doi={10.35136/krer.34.2.2}
TY - JOUR
AU - Hee-Kwan Kim
AU - Joon-Sun Yang
AU - Sanggun Lee
TI - Impact of Corporate Transaction Volume Ratio on Apartment Prices
JO - Korea Real Estate Review
PY - 2024
VL - 34
IS - 2
PB - korea real estate research institute
SP - 23
EP - 39
SN - 2092-5395
AB - This study focused on the steadily increasing proportion of corporate transactions in the total apartment transaction volume. It also investigated the correlation between this proportion and apartment prices. The analysis confirmed a positive relationship between the corporation's share in apartment transaction volume and the apartment sales index. In particular, the direction of this relationship varied depending on the corporation's market participation status. When a corporation participated as a seller (buyer), it positively (negatively) correlated with the apartment sales index.
This study has implications for achieving the policy goal of curbing speculative demand from corporations. However, the system must be restructured to incentivize corporations to actively engage in real estate transactions as sellers to ensure price stability in the real estate market.
KW - Real Estate Corporate Transaction Volume;Apartment Sales Index;Real Estate Regulatory Policy;Suppression of Speculation
DO - 10.35136/krer.34.2.2
ER -
Hee-Kwan Kim, Joon-Sun Yang and Sanggun Lee. (2024). Impact of Corporate Transaction Volume Ratio on Apartment Prices. Korea Real Estate Review, 34(2), 23-39.
Hee-Kwan Kim, Joon-Sun Yang and Sanggun Lee. 2024, "Impact of Corporate Transaction Volume Ratio on Apartment Prices", Korea Real Estate Review, vol.34, no.2 pp.23-39. Available from: doi:10.35136/krer.34.2.2
Hee-Kwan Kim, Joon-Sun Yang, Sanggun Lee "Impact of Corporate Transaction Volume Ratio on Apartment Prices" Korea Real Estate Review 34.2 pp.23-39 (2024) : 23.
Hee-Kwan Kim, Joon-Sun Yang, Sanggun Lee. Impact of Corporate Transaction Volume Ratio on Apartment Prices. 2024; 34(2), 23-39. Available from: doi:10.35136/krer.34.2.2
Hee-Kwan Kim, Joon-Sun Yang and Sanggun Lee. "Impact of Corporate Transaction Volume Ratio on Apartment Prices" Korea Real Estate Review 34, no.2 (2024) : 23-39.doi: 10.35136/krer.34.2.2
Hee-Kwan Kim; Joon-Sun Yang; Sanggun Lee. Impact of Corporate Transaction Volume Ratio on Apartment Prices. Korea Real Estate Review, 34(2), 23-39. doi: 10.35136/krer.34.2.2
Hee-Kwan Kim; Joon-Sun Yang; Sanggun Lee. Impact of Corporate Transaction Volume Ratio on Apartment Prices. Korea Real Estate Review. 2024; 34(2) 23-39. doi: 10.35136/krer.34.2.2
Hee-Kwan Kim, Joon-Sun Yang, Sanggun Lee. Impact of Corporate Transaction Volume Ratio on Apartment Prices. 2024; 34(2), 23-39. Available from: doi:10.35136/krer.34.2.2
Hee-Kwan Kim, Joon-Sun Yang and Sanggun Lee. "Impact of Corporate Transaction Volume Ratio on Apartment Prices" Korea Real Estate Review 34, no.2 (2024) : 23-39.doi: 10.35136/krer.34.2.2
