• Proceeding of Spring/Autumn Annual Conference of KHA
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• 2005.11a
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• pp.301-306
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• 2005

The purpose of this study is to make clear the cross-ventilation effect by floor plan type in apartment house during summer. The questionnaire survey was carried out during the 26$^{th}$ of August ${\sim}$ the 4$^{th}$ of September 2004. The respondents were 174 residents living in two subject apartment estates. One subject estate (we call A estate) was consisted apartment houses having cross-ventilation floor plan. The other subject estate (we cail B estate) was constructed apartment houses having ordinary floor plan. The field measurements of indoor thermal elements reflecting natural cooling effect by cross-ventilation were carried out at A house in A estate and at B house in B estate. The measurements in two subject houses were taken on simultaneously the 27$^{th}$ of August. The residents living in A apartment estate planed cross-ventilation type show positive responses on thermal sensation and airflow sensation. The averages indoor temperature and air velocity in the A house were 0.9 $^{\circ}$C lower and 0.29 m/s higher than the B house. Therefore, it was found that indoor thermal environment during summer in the house having cross-ventilation floor plan maintained more comfortable than the house having ordinary floor plan by natural cooling effect of cross-ventilation.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.6
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• pp.517-524
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• 2020

The study examines factors affecting apartment prices in the real estate market of Ho Chi Minh City, Vietnam. The study uses primary data based on surveys of customers who have traded successfully, and collects transaction data from real estate trading companies that are the top investors in Ho Chi Minh City real estate market. The collected data include 384 observations in a total of 24 districts, detailing that each district surveyed on a minimum of four projects, each project carried out a survey on a minimum of four apartments. The survey collected 339 valid questionnaires for analysis and model testing. This study employs multivariate regression with the data of 339 observations. The research results reveal that five significant factors affect positively the price of apartments in Ho Chi Minh City - apartment area, toilet and bedroom, apartment floor, reference price, and apartment interior. Besides, there are three significant factors affecting negatively the price of apartments - next price trend, distance to city center, and potential building. From the results, the research proposes solutions in the pricing of apartments in the real estate market in Ho Chi Minh City - better information system, a real estate transaction index, and stricter management of small brokerage activities.

• Proceeding of Spring/Autumn Annual Conference of KHA
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• 2011.04a
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• pp.285-289
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• 2011

he purpose of this study is to assess the effects of real estate policy on apartment price index in Seoul. To meet the research goal, this research reviewed real estate policy of the government from January of 1986 to August of 2010, and then it collected monthly apartment price index in 25 local districts of Seoul from January of 2003 to August of 2010. After 25 districts were grouped into 2 areas (14 districts in Gangnam and 11 districts in Gangbuk), the data of two areas were analyzed by using the SAS program, Cluster analysis with Ward method showed 3 clusters on each area, and with 6 clusters in total, the effects of real estate policy in the period were examined by using residual analysis. The analysis indicated two major shocks (one was from May to October of 2003, and the other was from March of 2006 to January of 2007), and the results showed that the intervention of government in the market had the asymmetric effects in bullish and bearish times. It implies that the market volatility is substantially influenced by irrational sentiments. Thus, it's suggested to devise the consumer sentiment index suitable in real estate market.

• Proceeding of Spring/Autumn Annual Conference of KHA
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• 2003.11a
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• pp.89-93
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• 2003

The ambient noise in modem society is the factor to give people serious influence. Noise barriers installation is mostly used in the apartment estate to protect countermeasure about the road traffic ambient noise. The purpose of this study is to suggest reference data fur design of traffic noise reduction in apartment estate. It finds out how the traffic noise is measured about a noise barriers and physical characteristics. The 57dB was measured from the noise barriers in a 2m point. An ambient noise's of the part to belong noise attenuation is big at the sound arresting area of the noise barriers as the distance far.

• Land and Housing Review
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• v.12 no.4
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• pp.41-59
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• 2021

This study reviews theoretical considerations and past studies about real estate prices, macroeconomic variables, and real estate policies. Monthly data from January 2003 to June 2021 are used, and a VEC model, the most widely used multivariate time series analysis method, is employed for analysis. Through the model, the effects of macroeconomic variables and real estate regulatory policies on real estate prices in Seoul are analyzed. Findings are summarized as follows. First, macroeconomic variables such as money supply and interest rates do not have a significant impact on Seoul's apartment prices. Due to the high demand for housing and insufficient supply, there is a demand for buying a home regardless of macroeconomic booms or recessions. Second, tax and financial regulatory policies have an initial impact on the rise in apartment prices in Seoul, and their influence diminishes over time. Third, anti-speculation zones are expected to decrease apartment prices through the suppression of demand. However, these zones cause a rise in apartment prices. This could be understood as a lock-in effect due to the strengthening of capital gains tax. Fourth, the price ceiling did not decrease apartment prices. These findings propose that, in Seoul, where demand is high and supply is insufficient, the supply of high-quality and sufficient housing should be prioritized over various regulations such as tax regulations, financial regulations, anti-speculation zones, and price caps. Moreover, the findings provide an implication that city-specific real estate policies should be implemented for Seoul rather than regulation-oriented approaches in public policy.

• Korea Real Estate Review
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• v.24 no.1
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• pp.7-14
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• 2014

This study, as the temporal and spatial data for the real price apartment in Seoul from January 2006 to June 2013, empirically compared and analyzed the estimation result of apartment price using OLS by hedonic price model for the problem of space-time correlation, temporal autoregressive model (TAR) considering temporal effect, spatial autoregressive model (SAR) spatial effect and spatiotemporal autoregressive model (STAR) spatiotemporal effect. As a result, the adjusted R-square of STAR model was increased by 10% compared that of OLS model while the root mean squares error (RMSE) was decreased by 18%. Considering temporal and spatial effect, it is observed that the estimation of apartment price is more correct than the existing model. As the result of analyzing STAR model, the apartment price is affected as follows; area for apartment(-), years of apartment(-), dummy of low-rise(-), individual heating (-), city gas(-), dummy of reconstruction(+), stairs(+), size of complex(+). The results of other analysis method were the same. When estimating the price of real estate using STAR model, the government officials can improve policy efficiency and make reasonable investment based on the objective information by grasping trend of real estate market accurately.

• Korea Real Estate Review
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• v.27 no.3
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• pp.103-118
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• 2017

Under the ownership pre-sale system in the South Korean apartment market, developers can sell apartment ownerships as soon as they start to construct an apartment complex. In the South Korean apartment market, people call this kind of ownership "Bun-yang right." There is a time difference between ownership sale and apartment completion under the ownership pre-sale system. The pre-completion apartment ownerships can be resold to third parties until the apartment complexes are completed, which is called "Geon-mae" of the Bun-yang right. Using survival analysis, this research analyzed the elapsed time between ownership purchase and resale to a third party using 48,316 apartment units nationwide in the 192 complexes supplied from 2000 to 2016. Specifically, this study analyzed the influence of the real estate policy, contract term, location, apartment complex, and unit characteristics on the elapsed time between ownership purchase and resale to a third party. The empirical analysis revealed that the real estate policy and contract term characteristics have a significant effect on the elapsed time between ownership purchase and resale to a third party. Also, this study confirmed that the product characteristics, such as the location and apartment complex and unit characteristics, have an influence on the elapsed time between ownership purchase and resale to a third party.

• Journal of the Korean housing association
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• v.10 no.3
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• pp.165-173
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• 1999

The current regulations and laws related to landscaping facilities within apartment estates stipulate the proportion of the estate lot allocated to green area and landscaping. These regulations define the criteria for landscaping, the density of trees and other related matters. In fact. the selection and locations of trees are determined by the builder. The builder first decides the location of the building and then allocates the residual land to landscaping. So landscaping within apartment complexes is often unmet to residents' need and ecological growth and function of trees and plants. This study was designed to examine the variety of trees and their location as an aspect of their function within each area of the YS and DK apartment complexes. As the results, the difference in the two estates is striking in aspects of quantity and quality. Even though the regulations for landscaping within apartment estate is met. the real landscaping is often unmet to residents and general people.

• Journal of Korea Society of Industrial Information Systems
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• v.16 no.2
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• pp.111-124
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• 2011

The apartment' share of the housing has steadily increased and property assets have been valued in importance as the one of asset value. Information retrieval system using internet is particularly active in the real estate market. However, user satisfaction on real estate information system is not very high, and there is a lack of research on real estate retrieval to increasing efficiency until now. This study presents a new knowledge information system developed to consider region-related factor and individual-related factor in the real estate market. In addition it enables a real estate knowledge system to search various preferential requirements for buyers such as school district, living convenience, easy maintenance as well as price. We made a survey of the search condition preference of experts on 30 real estate agents and then analyzed the result using AHP methodology. Furthermore, this research is to build apartment ontology using semantic web technologies to standardize various terminologies of apartment information and to show how it can be used to help buyers find apartments of the interest. After designing architecture of a real estate knowledge information system, this system is applied to the Busan real estate market to estimate the solutions of retrieval through Multi-Attribute Decision Making(MADM). Based on the results of the analysis, we endowed the buyer and expert's selected factors with weights in the system. Evaluation results indicate that this new system is to raise not only the value satisfaction of user, but also make it possible to effectively search and analyze the real estate through entropy analysis of MADM. This new system is to raise not only the value satisfaction of buyer's real estate, but also make it possible to effectively search and analyze the related real estate, consequently saving the searching cost of the buyers.

• Management & Information Systems Review
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• v.20
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• pp.17-32
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• 2007

We try to study the plan to deliver the message of the hope and common peoples are diligent and we can buy the real estate in work if we make efforts hard that relieve an real estate price and analyze a timex situation. If prepared the countermeasure in the government with many real estate policy with due to a short though countermeasure which is seen at one's face. The error to the people of the policy which does not do the staring gaze to tie. This paper to pursue the stability of an real estate price and analyze the price according to an real estate policy and lead an real estate policy for a residing stability of the common people. There are we even though we grope the method to actualize and protect a lease security according to a house lease law of protection.