@article{ART002120576},
author={Kang SuJin and Wonseok Seo},
title={Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2016},
volume={89},
pages={149-162},
doi={10.15793/kspr.2016.89..009}
TY - JOUR
AU - Kang SuJin
AU - Wonseok Seo
TI - Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices
JO - The Korea Spatial Planning Review
PY - 2016
VL - 89
IS - null
PB - 국토연구원
SP - 149
EP - 162
SN - 1229-8638
AB - This study focuses on investigating line and station features affecting apartment resale prices associated with 14 subway lines in Seoul based on Box-Cox model. As a result, this study finds that some features related to subway station, such as private capital station, express subway, and underground station, have significant impacts on apartment resale prices. This study also finds that bundang line, line 9, and airport line have the most significant impacts on the prices relative to line 1. The empirical results indicate that typically major business districts (YBD, CBD, GBD) and gangnam area play an important role for the premium of apartment prices. This study finally gives three implications. First, because the location feature fundamentally has great impact on neighborhood, a subway line that passes a residential area should be considered its residential convenience and sustainable environments when its new development and mainternance. Second, during the selection process of intermodal transfer center, it needs to consider where the strategic key point and route should be selected. Lastly, when estimating the subway traffic demand, adopting weight adjustment by route and region is necessary.
KW - Subway;Subway Line;Subway Station;Box-Cox Model;Apartment Price;Housing
DO - 10.15793/kspr.2016.89..009
ER -
Kang SuJin and Wonseok Seo. (2016). Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices. The Korea Spatial Planning Review, 89, 149-162.
Kang SuJin and Wonseok Seo. 2016, "Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices", The Korea Spatial Planning Review, vol.89, pp.149-162. Available from: doi:10.15793/kspr.2016.89..009
Kang SuJin, Wonseok Seo "Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices" The Korea Spatial Planning Review 89 pp.149-162 (2016) : 149.
Kang SuJin, Wonseok Seo. Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices. 2016; 89 149-162. Available from: doi:10.15793/kspr.2016.89..009
Kang SuJin and Wonseok Seo. "Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices" The Korea Spatial Planning Review 89(2016) : 149-162.doi: 10.15793/kspr.2016.89..009
Kang SuJin; Wonseok Seo. Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices. The Korea Spatial Planning Review, 89, 149-162. doi: 10.15793/kspr.2016.89..009
Kang SuJin; Wonseok Seo. Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices. The Korea Spatial Planning Review. 2016; 89 149-162. doi: 10.15793/kspr.2016.89..009
Kang SuJin, Wonseok Seo. Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices. 2016; 89 149-162. Available from: doi:10.15793/kspr.2016.89..009
Kang SuJin and Wonseok Seo. "Investigating Impacts of Subway Line and Station Features on Apartment Resale Prices" The Korea Spatial Planning Review 89(2016) : 149-162.doi: 10.15793/kspr.2016.89..009
