@article{ART003246662},
author={Kwon, Ji Young and Kim, Jae Hwan},
title={Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2025},
volume={35},
number={3},
pages={57-73}
TY - JOUR
AU - Kwon, Ji Young
AU - Kim, Jae Hwan
TI - Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models
JO - Korea Real Estate Review
PY - 2025
VL - 35
IS - 3
PB - korea real estate research institute
SP - 57
EP - 73
SN - 2092-5395
AB - Although commercial property premiums in Korea are appraised based on appraisal practice standards, subjective factors cannot be completely excluded; this leads to disputes between landlords and tenants. Thus, empirical research on estimating commercial premiums using objective and quantitative factors should be conducted so that subjective factors can be excluded from the premium appraisal. Nevertheless, finding empirical research about estimating commercial premiums using only objective and quantitative formative factors is challenging . Herein, we conducted an empirical study to develop a model that can estimate commercial premiums using only objective formative factors using machine learning and validated the statistical significance of the suggested machine learning model by comparing the multivariate linear regression model. Results contribute to the academic area by empirically proving the effectiveness of the machine learning model and commercial premium market by introducing transparency and fairness to premium-minimizing disputes.
KW - Premium Estimation;Machine Learning;Commercial Premium;Formation Factors;Regression Model
DO -
UR -
ER -
Kwon, Ji Young and Kim, Jae Hwan. (2025). Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models. Korea Real Estate Review, 35(3), 57-73.
Kwon, Ji Young and Kim, Jae Hwan. 2025, "Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models", Korea Real Estate Review, vol.35, no.3 pp.57-73.
Kwon, Ji Young, Kim, Jae Hwan "Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models" Korea Real Estate Review 35.3 pp.57-73 (2025) : 57.
Kwon, Ji Young, Kim, Jae Hwan. Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models. 2025; 35(3), 57-73.
Kwon, Ji Young and Kim, Jae Hwan. "Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models" Korea Real Estate Review 35, no.3 (2025) : 57-73.
Kwon, Ji Young; Kim, Jae Hwan. Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models. Korea Real Estate Review, 35(3), 57-73.
Kwon, Ji Young; Kim, Jae Hwan. Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models. Korea Real Estate Review. 2025; 35(3) 57-73.
Kwon, Ji Young, Kim, Jae Hwan. Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models. 2025; 35(3), 57-73.
Kwon, Ji Young and Kim, Jae Hwan. "Estimation of Commercial Property Premiums Using Machine Learning : Focusing on Comparative Analysis Between Models" Korea Real Estate Review 35, no.3 (2025) : 57-73.
