Korean Journal of Construction Engineering and Management (한국건설관리학회논문집)

Korea Institute of Construction Engineering and Management (한국건설관리학회)
권호 표지
DOI QR코드

DOI QR Code

Development of Evaluation Criteria for Real Estate Development Projects

부동산 개발사업 평가기준 및 지표 개발

  • Received : 2014.12.23
  • Accepted : 2015.02.25
  • Published : 2015.03.31
Download PDF
⟨ Previous Next ⟩

Abstract

Real estate market has rapidly grown by active use of project financing in the early 2000s. However, many projects have been in trouble due to global economic recession after that period. It is mainly because those projects were pushed forward a business without comprehensive business feasibility analysis. This paper investigated current evaluation system for real estate development projects and then introduced new evaluation system including evaluation factor and criteria for real estate development projects to prevent implementation of the project without business value and to be able to evaluate potential projects in objective manner. This new evaluation system for real estate development projects can be applied to any type of real estate development projects by modifying evaluation items and weighting factor in accordance with the type and characteristics of project. Through the new evaluation system, the evaluation process for real estate development projects will be able to be standardized, be consistent, and the results of evaluation can be accumulated in consistent way.

2000년대 PF(Project Financing)의 적극 활용을 통해 부동산개발 및 PF 시장이 급성장하였지만, 이후 세계금융위기의 여파로 부동산 경기 침체로 인해 상당수의 개발사업이 정상적으로 추진되지 못하게 되었다. 이러한 현상은 철저한 사업성 분석 없이 무리하게 사업을 추진한 것이 근본적인 원인으로 판단된다. 이에 본 연구에서는 부동산개발사업의 무분별한 추진을 억제하고 객관적인 평가가 가능하도록 기존 부동산개발사업 평가체계의 문제점을 짚어보고 이를 보완할 수 있는 부동산개발사업의 평가항목 및 평가기준 등을 평가수요 및 사업유형 등 사업의 성격에 맞게 적용할 수 있는 전반적인 평가체계를 제안하였다. 본 연구에서 제안한 부동산 평가체계 및 운영방안을 통해 부동산 평가체계를 제도화하여 표준화함으로써, 보다 일관성 있는 평가가 가능할 것으로 기대되며, 아울러 평가자료의 통일적 축적이 가능하게 될 것으로 기대된다.

Keywords

References

  1. Jeong, H. N., Lee, S. W., Kim, J. H., Park, J., Kim, M. C., Kim, S. C., Ryu, K. R., Kim, S. Y., Lee, H. L., and Bae, Y. J. (2013). "Plan for Assessment of Real Estate Projects" Korea Housing Guarantee Co. Ltd.
  2. Kim, J. Y. and Lee, S. S. (2009). "A Study on the improvement of real estate development" Ministry of Land, Transport and Maritime Affairs.
  3. Kim, M. H. (2006). "Trends and Management of Overseas Real Estate Development" Construction Engineering and Management, KICEM, 7(4), pp. 3-7.
  4. Kim, M. J., Kim, J. H., and Hyun, C. T. (2012). "Improvement of Evaluation Criteria for Developer Selection of Public-Private Partnership Project of Mixed-use Development" Journal of the Architectural Institute of Korea, AIK, 28(9), pp. 155-164.
  5. Kim, S. C., Park, C. J., and Yoon, J. S. (2004). "A Feasibility Study on Small-sized Rental Residential Building Project through Risk Management" Korea Journal of Construction Engineering and Management, KICEM, 5(3), pp. 97-105.
  6. Lee, I. H. (2011). "Influence of Revision of Real Estate Investment Cooperation Law on the Construction and Real Estate Market" Hana Institute of Finance Report.
  7. Lee, S. Y. (2005). "Current Status and Task of Korean Real Estate Projects" Construction Engineering and Management, KICEM, 6(4), pp. 3-7.
  8. Oh, D. H. (2008). "A Study on Distinction and Direction of Subscription Guides by Comparing and Analyzing Writing Standards by Item on PF Subscription Guide for Developing Center of Commercial Area in Newtown" Journal of Korean Urban Management Associatio, KUMA, 21(2), pp. 259-276.
  9. Shin, W. S., and Park, G. J. (2005). "Identifying Criteria for Feasibility Study of Housing Development Projects" Korea Journal of Construction Engineering and Management, KICEM, 6(5). pp. 110-118.

Cited by

  1. An analysis on the Investment Determinants for Urban Business Hotel Development vol.16, pp.4, 2015, https://doi.org/10.6106/KJCEM.2015.16.4.107