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@article{ART001377991},
author={Choi Soo and Suh Soon-Tak and Park Jiyoung},
title={Analyzing the Impact Area of Land Development Project on Land Prices},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2009},
volume={62},
pages={235-262},
doi={10.15793/kspr.2009.62..013}

TY - JOUR
AU - Choi Soo
AU - Suh Soon-Tak
AU - Park Jiyoung
TI - Analyzing the Impact Area of Land Development Project on Land Prices
JO - The Korea Spatial Planning Review
PY - 2009
VL - 62
IS - null
PB - 국토연구원
SP - 235
EP - 262
SN - 1229-8638
AB - The main purpose of this study is to comprehend how land developments affect property values of surrounding areas and also to delimit their impact ranges. It is necessary to develop a policy program, both before and after land development, through which the Korean government can control the surrounding area of the land development site so as to restrict any speculative activities. Given that, the government designated special zones prone to speculative trading and established a permitting system for property trading. The premise of this program's success is, by the way, to have clear criteria for spatial designation. This study is designed to help creating a basis for future policy directions via identifying clearly the spatial range of impact area of land development, focusing on land price change. A major achievement of this study is the scientific identification of the spatial impact of land development projects via a hedonic price model. The essence of this model lies in containing a distance variable from/to a land development site, which model produces a coefficient representative of the distance factor. This coefficient, as well as land price information (such as average land prices both inside and outside the developmental project sites) and the distance information between the centroids of the sites and each surrounding region, is used to calculate and analyze the impact distance of the developmental project by region. The analysis findings indicate that the impact pattern on surrounding area of a land development projects would vary according to the current conditions of the area.
KW - Land Development Project;the Impact Area;Hedonic Price Model
DO - 10.15793/kspr.2009.62..013
ER -

Choi Soo, Suh Soon-Tak and Park Jiyoung. (2009). Analyzing the Impact Area of Land Development Project on Land Prices. The Korea Spatial Planning Review, 62, 235-262.

Choi Soo, Suh Soon-Tak and Park Jiyoung. 2009, "Analyzing the Impact Area of Land Development Project on Land Prices", The Korea Spatial Planning Review, vol.62, pp.235-262. Available from: doi:10.15793/kspr.2009.62..013

Choi Soo, Suh Soon-Tak, Park Jiyoung "Analyzing the Impact Area of Land Development Project on Land Prices" The Korea Spatial Planning Review 62 pp.235-262 (2009) : 235.

Choi Soo, Suh Soon-Tak, Park Jiyoung. Analyzing the Impact Area of Land Development Project on Land Prices. 2009; 62 235-262. Available from: doi:10.15793/kspr.2009.62..013

Choi Soo, Suh Soon-Tak and Park Jiyoung. "Analyzing the Impact Area of Land Development Project on Land Prices" The Korea Spatial Planning Review 62(2009) : 235-262.doi: 10.15793/kspr.2009.62..013

Choi Soo; Suh Soon-Tak; Park Jiyoung. Analyzing the Impact Area of Land Development Project on Land Prices. The Korea Spatial Planning Review, 62, 235-262. doi: 10.15793/kspr.2009.62..013

Choi Soo; Suh Soon-Tak; Park Jiyoung. Analyzing the Impact Area of Land Development Project on Land Prices. The Korea Spatial Planning Review. 2009; 62 235-262. doi: 10.15793/kspr.2009.62..013

Choi Soo, Suh Soon-Tak, Park Jiyoung. Analyzing the Impact Area of Land Development Project on Land Prices. 2009; 62 235-262. Available from: doi:10.15793/kspr.2009.62..013

Choi Soo, Suh Soon-Tak and Park Jiyoung. "Analyzing the Impact Area of Land Development Project on Land Prices" The Korea Spatial Planning Review 62(2009) : 235-262.doi: 10.15793/kspr.2009.62..013