Journal of the Architectural Institute of Korea (대한건축학회논문집)

Architectural Institute of Korea (대한건축학회)
권호 표지
DOI QR코드

DOI QR Code

An Analysis of Land Price Changes after Urban Regeneration Project in the Local City Downtown - Focusing on Gusan Modern Historical Landscape Area, Daegu Bangchun Market·Kim-Kwangsuk-gil, and Jeonju Hanok Village -

지방 원도심 지역의 도시재생사업 시행 이후 지가 변화양상 분석 - 군산 근대역사경관지구, 대구 방천시장·김광석길, 전주 한옥마을을 중심으로 -

  • Received : 2021.02.02
  • Accepted : 2021.03.29
  • Published : 2021.04.30
⟨ Previous Next ⟩

Abstract

Various urban regeneration projects implemented so far have had a positive effect of rediscovering local assets and revitalizing urban space. However, the value of real estate in the region has risen sharply, and the side effects of local members being transferred are also accompanied. It is especially serious in local cities that do not have their own driving force to revitalize the region. In this study, the trend of land prices changing after the implementation of urban regeneration projects was time-series for Gunsan, Daegu, and Jeonju, where gentrification occurred, among the urban regeneration areas where urban regeneration projects were implemented. After selecting the control area, which has similar physical environment to the research site and has a difference in whether urban regeneration projects are implemented or not, the pattern of land price changes from 2006 to 2020 was compared and analyzed through the DID analysis method. As a result of the study, there was a difference in the trend of changing the DID coefficient values in each region, but the land price changed over four stages in all three regions in common. It showed a pattern of falling land prices due to the declining regional characteristics before the project implementation, gradual or rapid rise in land prices due to the implementation of urban regeneration projects, amplification of changes, and continuous increase or decrease. It was also seen that the DID coefficient value showed a greater degree of change after the maximum value was displayed. In other words, it may be determined that the implementation of urban regeneration projects has a strong impact on the land price of the relevant area. Therefore, in order to strengthen the net function of urban regeneration projects and reduce the adverse effects, it is necessary to proactively respond to changes in the characteristics and environment of the target site based on step-by-step land price changes.

Keywords

References

  1. Chai, Y. (2013). Study on the changes in the surrounding area of Jeonju Kanok Village -The focus on Street of DONG-MUN-, Thesis, Chonbuk National University, 9-12.
  2. Chio, J., & Jeong, H. (2012). Impacts of the Benefit Extension Policy on Financial Burden and Catastrophic health care expenditure, The Korean Journal of Health Economics and Policy, 18(4), 5-6.
  3. Choi, J. (2012). To Revitalize Local Traditional Markets and Local Culture, Munjeongsungsi are an alternative, DeaGyeong CEO Briefing, 328, 3.
  4. Choi, S. (2014). A study on the regional comparative analysis between the publicly notified individual land price and actual trade prices - Focused on differences between of Urban, Rural and Island areas -, Journal of the Korean Cadastre Information Association, 30(1), 99.
  5. Chung, H., & Yoon, C. (2002). A study on the Distribution Pattern of commercial Land Value in Daegu Metropolitan Area, Journal of the Real Estate Analysts Association, 8(2), 48.
  6. Daebong munhwa maeul (http://kimkwangseok.or.kr/)
  7. DISCO(Discovery Real estate) (https://www.disco.re/)
  8. Gusan Modern History Museum (https://museum.gunsan.go.kr/)
  9. Jang, R., Lee, D., & Yoon, C. (2017). A Study on the Status and Characteristics of Gentrification in Daegu, Spring Annual Conference of AIK, 37(1), 377.
  10. Jang, S., & Jo, A. (2010). Analysis of Urban Regeneration Performance and Improvement of Jeonju Hanok Village Project, Jeonbuk Research Institute, 67-74.
  11. Jeon, C., Jeon, I., Lee, G., & Kim, Y. (2011). Area commercial real estate, Buyeonsa puplisher, 20-21.
  12. Jeon, H. (2016). A study on the spatial structure characteristics of local urban effecting on the land price : Focusing on the old and new downtown of Cheong-Ju, Thesis, Ajou University, 6
  13. Jeonju Hanok village (http://hanok.jeonju.go.kr/)
  14. Joo, S. (2015). A Study on Revitalizing Traditional Markets by the Arts, Thesis, Hongik University, 40-41.
  15. Jung-gu District Office in Daegu Metropolitan City (https://www.jung.daegu.kr/new/culture/)
  16. Kim, D., & Yu, J. (2014). Measuring the Effectiveness of the Housing Speculative Zoning and De-Zoning, Journal of the Korean Urban Management Association, 27(3), 203.
  17. Kim, H. (2011). Block Design for Revitalization of Modern Historical Landscape Area in Kunsan, Journal of the Urban Design Institute of Korea Urban Design, 12(6), 30.
  18. Kim, J. (2019). A Study on the Influence of Urban Regeneration Project on the Price of Local Housing, Thesis, Konkuk University, 35-37.
  19. Kim, J., & Kim, G. (2014). An Analysis of the Difference between the Public Announced Individual Land Price and its Reflection Rate of the Real Transaction Land Price based on the Land Characteristics, Journal of the Korean Cadastre Information Association, 16(1), 141.
  20. Kim, K. (2012). Exploring Spatio-Temporal Variations of Land Price in Daegu Metropolitan City, Journal of The Korean Association of Regional Geographers, 18(4), 430.
  21. Kim, S. (2012). The Achievements and Development of Policies to Revitalize Traditional Markets through Culture, REGIONS &DEVELOPMENT, 7, 47.
  22. Kim, Y. (2012). Trade Area Analysis, Gyomoonsa Publishers, 29-32.
  23. Kim, Y. (2019). The Formation Process and Placeness Creation in the Kim Gwang-Seok Street, Thesis, Yeungnam University, 13-19.
  24. Lee, K. (2006). A Study about the Development Outcome of Commercial Buildings, Thesis, Kyonggi University, 35-36.
  25. Lew, S., & Kang, J. (2012). A Study on the Influence Factors of Land Value by Urban Spatial Constitution, Journal of the Korean Society of Civil Engineers D, 32(1D), 68-69.
  26. Lim, H. (2020). Proptech and Valuation: The Case of Landbook, APPRAISAL STUDIES, 19(1), 54.
  27. Min, W. (2006). A Study of a land special quality effect on Posted Land Price - Focused on Duckjin-Gu in Jeonju City -, RESIDENTIAL ENVIRONMENT : Journal of the Residential Environment Institute of Korea, 4(1), 100.
  28. Ministry of Land, Infrastructure and Transport (2019). Annual Report on Real Estate Price Disclosure in 2019, 36.
  29. Moon, J. (2012). The impact of public housing on neighborhood land prices, Ph.D. Dissertation, Pusan National University, 51-52.
  30. Moon, Y. (2011). The competition analysis of Discourse on the Modern Cultural Heritage Focused on the Case of Gunsan City, Journal of Local History and Culture, 14(2), 282.
  31. Park, J. (2017). An Empirical Study on the Resale Regulation and Housing Price in Korea - Focused on the 11.3 Real Estate Measures -, Journal of Real Estate Analysis, 3(1), 79. https://doi.org/10.30902/jrea.2017.3.1.73
  32. Park, J., & Lee, M. (2019). A Study on Old Urban Regeneration Using Modern Architectures in Gunsan, Journal of the Korea Institute of Spatial Design, 14(6), 41-42. https://doi.org/10.35216/kisd.2019.14.5.41
  33. Park, S., & Kim, M. (2016). The Experiential Implications for the Foundation Phase of Urban Regeneration Projects, AURI, 1.
  34. Rubin, D. (1977). Assignment to Treatment Group on the Basis of a Covariate, Journal of Educational Statistices, 2, 1-26. https://doi.org/10.3102/10769986002001001
  35. Shin, S. (2017). A Proposal for the Sustainable Development of Daegu Bangchun Market as a Public Art, Thesis, Hongik University, 42-43.
  36. Woo, M. (2019). Term explanation 253, KRIHS Monthly magazine, Korea Research Institute for Human Settlements, 455, 38.
  37. Yoo, S., Lee, J., & Jung, H. (2014). Analysis on the Equity of Publicly Announced Individual Land Price by Comparing Sales Price, RESIDENTIAL ENVIRONMENT : Journal of the Residential Environment Institute of Korea, 12(3), 42.
  38. Yuh, O., & Lee, Y. (2012). A study on the characteristic of land use in subcenter of Seoul. - Cases of Yeongdeungpo and Kangnam, The Korean Association of Professional Geographers, 46(3), p.240.