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Measuring the Importance of Evaluation Factors and Its Application for Real Estate Development Project Assessment System

Jaehwan Kim 1 정희남 2

1백석문화대학교
2국토연구원

Accredited

ABSTRACT

This study aims to propose an introduction of an assessment system and suggests assessment index for real estate development project financing, as an alternative to resolve the recently raised structural issues on project financing. The assessment system consists of four areas, that is, project feasibility, developer’s performance capability, basic assessment for the project site, and basic assessment for investor protection plans. The system contains 35 detailed assessment criteria applying for 12 assessment categories. The importance of each assessment area and criteria was drawn through questionnaire survey and AHP analysis. The study provides a set of criteria how to score the assessment fields and assessment items, and suggests how to use the results as decision-making standards in providing PF loan and investing to the development project. The assessment system proposed by the study will contribute in articulating development financing system, in which bank’s loan and financial investors’ investment would be carried out based on the feasibility of a development project instead of being provided based on the construction company’s repayment guarantee.

Citation status

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