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@article{ART002794800},
author={Soyoung Lee and KIM, Kyung-MIn},
title={Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2021},
volume={111},
pages={85-99},
doi={10.15793/kspr.2021.111..005}

TY - JOUR
AU - Soyoung Lee
AU - KIM, Kyung-MIn
TI - Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province
JO - The Korea Spatial Planning Review
PY - 2021
VL - 111
IS - null
PB - 국토연구원
SP - 85
EP - 99
SN - 1229-8638
AB - The recent growth of the e-commerce market considerably increased the demand for logistics centers in the metropolitan area of South Korea. However, the construction of new logistics facilities has been frequently opposed by nearby residential areas mainly because of concerns regarding noise, increasing traffic volume, and the negative effect of such volume on the region’s landscape. This study investigated the impact of logistics facilities on the prices of adjacent apartments in southeastern Gyeonggi Province during the last decade. A difference-in-differences (DID) model was employed in delving into such an effect, specifically with respect to facilities that were constructed from 2012 to 2019. The treatment zone was subdivided into units of 250, 500, 750, 1000, and 1250 m. The DID model was used to subtract changes in the prices of adjacent and non-adjacent apartments before and after the emergence of logistics facilities. The analysis and the model indicated that the price of adjacent houses fell by –7.23% (250 m). This study confirmed that the presence of logistics facilities lowered the price of nearby apartments in the target area.
KW - Logistics Facilities;Difference in Difference Model;Housing Market;Gyeonggi-Province
DO - 10.15793/kspr.2021.111..005
ER -

Soyoung Lee and KIM, Kyung-MIn. (2021). Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province. The Korea Spatial Planning Review, 111, 85-99.

Soyoung Lee and KIM, Kyung-MIn. 2021, "Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province", The Korea Spatial Planning Review, vol.111, pp.85-99. Available from: doi:10.15793/kspr.2021.111..005

Soyoung Lee, KIM, Kyung-MIn "Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province" The Korea Spatial Planning Review 111 pp.85-99 (2021) : 85.

Soyoung Lee, KIM, Kyung-MIn. Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province. 2021; 111 85-99. Available from: doi:10.15793/kspr.2021.111..005

Soyoung Lee and KIM, Kyung-MIn. "Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province" The Korea Spatial Planning Review 111(2021) : 85-99.doi: 10.15793/kspr.2021.111..005

Soyoung Lee; KIM, Kyung-MIn. Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province. The Korea Spatial Planning Review, 111, 85-99. doi: 10.15793/kspr.2021.111..005

Soyoung Lee; KIM, Kyung-MIn. Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province. The Korea Spatial Planning Review. 2021; 111 85-99. doi: 10.15793/kspr.2021.111..005

Soyoung Lee, KIM, Kyung-MIn. Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province. 2021; 111 85-99. Available from: doi:10.15793/kspr.2021.111..005

Soyoung Lee and KIM, Kyung-MIn. "Examining the Impact of Logistics Facilities on Local Housing Markets in the Southeastern Area of Gyeonggi-Province" The Korea Spatial Planning Review 111(2021) : 85-99.doi: 10.15793/kspr.2021.111..005