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A Model for Apartment Pre-sales and its Application

Son, Jae-young 1

1건국대학교

Accredited

ABSTRACT

The purpose of this paper is to build a model which explains variations of apartment pre-sale contract ratios. Viewing apartment purchase as consumption as well as asset demand behavior, and relying on an extensive data set which covers micro- and macro-variables, we identify determinants which explain apartment pre-sales in Seoul's Kangnam and Kangbuk areas and Kyunggi-Inchon area. We then examine several methods with which the estimated models can easily be applied by the sales practitioners.

Citation status

* References for papers published after 2023 are currently being built.