@article{ART001657521},
author={김철중 and Myung Gyu,SONG},
title={A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul},
journal={Journal of Environmental Impact Assessment},
issn={1225-7184},
year={2012},
volume={21},
number={2},
pages={297-314},
doi={}
TY - JOUR
AU - 김철중
AU - Myung Gyu,SONG
TI - A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul
JO - Journal of Environmental Impact Assessment
PY - 2012
VL - 21
IS - 2
PB - Korean Society Of Environmental Impact Assessment
SP - 297
EP - 314
SN - 1225-7184
AB - This study investigates the stigma effect of unwelcomed facilities on apartment prices through multiple regressions based on hedonic price method. The areas studied are Sang-gye Jugong 7, 9, 10 apartment complexes. The facilities analyzed are the Chang-dong Electric Subway Depot and the Do-bong Driver’s License Agency. The factors studied include the environmental variable (the elapsed time since the announcement of the re-location of these facilities), the view commanding, the distance from Chang-dong Depot, the distance from Dobong Driver’s License Test Course, the distance from neighboring facilities (subway stations,schools, parks and so on), the floor and each dwelling’s exclusive space. The data used are 2,822sales which have been collected since January 1, 2006.
The facts found are as follows; first, the view commanding and the distance from the unwelcomed facilities are statistically significant. second, the environmental variable, ‘days’turns out to have a positive (+) and a negative (-) significant relationship with the dependent variable, ‘price’, in period II and period IV respectively. This implies that the stigma effect is real. third, there are significant differences in the influence on the apartment prices among the independent variables according to time. fourth, the stigma effect is estimated as 33,686,920Korean won in the case of the apartments which have the view commanding and 30,311,844won in the other case before the global economic crisis. This effect seems to decrease to 22,085,078 won after the crisis. These facts suggest that stigma effects could be considered as one of the benefits in the cost-benefit analysis of Chang-dong Depot re-location project to produce somewhat higher NPV or B/C ratio
KW - Unwelcomed Facility;Stigma Effect;Hedonic Price;View;Noise
DO -
ER -
김철중 and Myung Gyu,SONG. (2012). A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul. Journal of Environmental Impact Assessment, 21(2), 297-314.
김철중 and Myung Gyu,SONG. 2012, "A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul", Journal of Environmental Impact Assessment, vol.21, no.2 pp.297-314. Available from: doi:
김철중, Myung Gyu,SONG "A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul" Journal of Environmental Impact Assessment 21.2 pp.297-314 (2012) : 297.
김철중, Myung Gyu,SONG. A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul. 2012; 21(2), 297-314. Available from: doi:
김철중 and Myung Gyu,SONG. "A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul" Journal of Environmental Impact Assessment 21, no.2 (2012) : 297-314.doi:
김철중; Myung Gyu,SONG. A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul. Journal of Environmental Impact Assessment, 21(2), 297-314. doi:
김철중; Myung Gyu,SONG. A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul. Journal of Environmental Impact Assessment. 2012; 21(2) 297-314. doi:
김철중, Myung Gyu,SONG. A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul. 2012; 21(2), 297-314. Available from: doi:
김철중 and Myung Gyu,SONG. "A Study on Stigma Effect of Unwelcomed Facilities on Apartment Prices: A Case Study of Sang-gye Jugong Apartment Complexes in Nowon-gu, Seoul" Journal of Environmental Impact Assessment 21, no.2 (2012) : 297-314.doi:
