• Title/Summary/Keyword: housing market system

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Proposed a Checklist for the Classification of Construction Business Model by Utilizing the Price Influence Factors and the Construction Regulation - As Focus on Aged Public Rental Apartment - (가격영향요인과 건설제도를 활용한 건설사업 유형분류 체크리스트 제안 - 노후공공임대주택 중심으로 -)

  • Park, Seongsik;Bae, Byungyun
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.6
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    • pp.132-141
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    • 2019
  • 1990s, Construction market continued to grow in South Korea exceeding 20% of GDP. In 2015, more than 30 years of old multi-family dwellings amounted to 4.93 million and it continues to increase until 2019. In Particular, the share of Public rental Housing accounts for 90.6% of South Korea's Total aging housing. Before checking the feasibility of Construction Project Management such as Renovation and Reconstruction, Checklists were presented through price impact factor analysis and analysis of housing construction system(Regulation). Based on 32 Price Influencing factors and 20 Indicators based on the housing construction system The Construction project management seems appropriate. As a result, the 22 complexes were found to be suitable for remodeling. This study is meaningful enough to be used for Domestic rental Housing construction and Construction project management and to suggest specificity. Future Research is needed to Quantify the checklist.

Housing Market and Opportunities for Wood Frame Housing in Korea (우리나라의 주택시장구조(住宅市長構造)와 목조주택개발(木造住宅開發))

  • Park, Moon-Jae;Kim, Wae-Jung;Han, Kap-Joon
    • Journal of the Korean Wood Science and Technology
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    • v.19 no.3
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    • pp.45-52
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    • 1991
  • To investigate opportunities for wood frame housing and to activate wood frame house construction, trends of construction activities. preference about housing, and building codes related to wood frame housing were discussed. And two models of wood frame house were developed and construction cost was analyzed to compare with comparative masonry houses. The results obtained were as follows: 1. While 77.8% of people prefer single-family houses, majority of people(74.9%), ironically, possess multi-family houses such as apartments Wood work cost was ratio of 4% of total building cost. while wood material cost accounted merely for 11 % out of total building material cost. 2. Building code was not major barrier to residential house at height under 13m. The building code regulated major structural member and family boder wall of multi-family house to be built with fire retardant material. 3. The proper wood frame house was analyzed of town house or villa type locating in suburban of big city with hot ondol system for the upper middle class. 4 There was no difference in construction cost between western style wood frame house and comparable masonry house, but construction cost for Korean style wood frame house is 27% higher than that of comparable masonry house. It was necessary to reduce materials and cost down by prefabrication technique for both style of wood frame house.

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Use of Housing through Oral Life History of Korean Chineses in Harbin, China - Focused on use of housing, cultural assimilation and acculturation - (생애구술을 통해 본 중국 할빈지역 조선족의 주거의 사용 - 주거의 사용과 생활문화의 동화 및 문화접변을 중심으로 -)

  • Hong, Hyung-Ock
    • Journal of Families and Better Life
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    • v.28 no.6
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    • pp.81-94
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    • 2010
  • This qualitative research was designed to explore the use of housing among Korean Chinese people in Harbin, China. Focusing on the use which based on the epistemology of housing adjustment, this was particularly designed to examine its cultural assimilation and acculturation on the way of life course, it employed the in-depth interview on the oral history of 5 interviewees in their 60s and 70s, individualized interviews were conducted from May 28 to 31 in 2010. Key findings were summarized as follows; 1. The free market reform in China resulted in privatization that allowed respondents to become homeowners, and the ownership was viewed as part of family asset centered upon a sense of solidarity. 2. Although homeowners in multi-story houses were responsible to decorate interior spaces, the common features in using interior spaces were found: entrance had no thresholds; kitchen was small, lack of storage cabinets, tile-flooring; washers were installed inside bathroom; and newly built apartment didn't have proper space to store Korean fermented foods. It was observed that housing adaptation outweighed housing adjustment. Those who used to live in Chinese houses with indoor-wearing-shoes or Russian houses with indoor-wearing-slippers were receptive to the use of dining table and bed, and the community heating system discouraged the use of individual electric water heater because of high electricity cost. 3. In daily life, eating habit wasn't much changed to the Chinese style, meals were shared, dish sterilizer was popular, and Kimchi fridge wasn't used. Because of the influence of the Chinese culture, such Korean traditions as ancestral rites and bedroom allocation tradition faded away, but traditional family values remained unchanged. In conclusion, Korean Chinese people experience normative housing deficits and adaptation selectively incurred. It's implied that residential design meets the needs resulting from the dual culture in terms of cultural assimilation and acculturation.

Home Financing and its Debt Load of Home-owning Households in korea (권역별 주택금융부채 실태)

  • Han, Ji-Young;Lee, Hyun-Jeong
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2011.04a
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    • pp.296-300
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    • 2011
  • It's well known that housing is one of the largest holdings in household wealth and at the same time the majority of households highly concentrate on it for their wealth accumulation. Coupled with a low interest rate and increasing housing price, the rationale is conspicuous and the propensity to debt-financed consumption becomes strengthened. This research was to examine the risk of home financing. In doing so, the study utilized several secondary data to identify the characteristics of households who finance loans for home buying in three regions of the nation - so-called Bubble 7, Seoul Metropolitan Area, and others. Based on the 2009 KB survey, the major findings were as follows: the majority of the studied households in Seoul Metropolitan Area who owned a house lived in rental housing, housing accounted for 89% of the household wealth, and home loans taken on were a ballon payment amortized for a short-term period (5 years) with an adjustable interest rate. In addition, the payment method most of the households depend on is income. The financing mechanism fueled debt load of the households, and further they are financially very vulnerable to such factors as increase in interest rate, unemployment and market downturn. In the absence of understanding the financial system, the consumption behavior leads to house-poor, so that financial accountability and ethics are addressed while the intervention of the government in home financing system should be more cautious but stimulate financial soundness in household wealth accumulation.

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A Basic Study on the Solution of Maintenance Problems for the Improvement Residential Satisfaction in Apartment House (거주자 중심의 공동주택 주거만족도 향상을 위한 유지관리 문제점 개선방안에 관한 기초연구)

  • Jung, Jung-hee;Byun, Jeong-Yoon;Seo, Hee-Chang;Kim, Ju-Hyung;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.345-346
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    • 2012
  • The Korean construction market and housing policy have been increasingly focusing on supplier. As opposed to houses in private areas, Apartment House using the common infrastructure such as elevators, electrical facilities, heating system and hot water supply system need joint management. Their management usually depends on the resident cooperation or outsourcing. On this study, I investigated the level of satisfaction of Apartment House residents and its managing personnel, the conditions of its management, and analysed the important factors which influence the degree of residence satisfaction with respect to its maintenance and management.

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Mortgage Broker System and Policy Recommendations in Housing Finance Markets (주택담보대출 금융시장에서 Mortgage Broker 역할과 제도화방안 연구)

  • Kim, Yong-Chang
    • Journal of the Korean association of regional geographers
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    • v.11 no.6
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    • pp.620-639
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    • 2005
  • In terms of loan transactions, mortgage volume secured by housing in Korea is the most important market share. Hitherto housing finance policies are treated as a kind of property pricing policy. So it is time to import financial systems on behalf of the mortgage loan consumers like a mortgage broker. A mortgage broker is an intermediary that brings a borrower and a creditor together to obtain a mortgage loan. The broker takes the application, performs a financial and credit evaluation, produces documents, and closes the loan. Especially mortgage brokers present themselves as specifically acting in the interest of the consumer by shopping on behalf of the consumer for the best product that meets the consumer's needs and financial circumstances. The paper investigates the economic role of mortgage broker, foreign systems focused on USA, UK, Japan, and characteristics of Korean housing finance markets. Finally the paper provides policy recommendations about Korean mortgage broker system composed of licensing type, uniform professional practice standard, educational requirements.

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A Study on Housing Problem of The Yi-Dynasty - With a Focus on The House - plan - Analysis of Upper - class - (이조시대의 주생활에 관한 소고 - 상류주택의 평면분석을 중심으로 -)

  • 이인희
    • Journal of the Korean Home Economics Association
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    • v.11 no.1
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    • pp.3-13
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    • 1973
  • This article has an aim to study what kind of housing system our ancestors lived with during the Yi-Dynasty by analyzing the house-plan of upper-class society of that period since the house of lower-class was very insignificant as it has always been while the house of upper-class represented the period. With this study we can clearly see how we ought to go in the right direction toward the development of our Korean genuine housing by renovating and renewing those unreasonable points in our traditional housing system. It is firmly believed that we should-keep our own unique traditional lovely housing system for being destroyed by the whirl-wind of modernization and the demand of rationalism and efficiency-centered idea of the western mind. From this view point we think it is very urgent to see this matter correctly and find out the real way how we should do in order to keep our own good things for ourselves and make them preserved. This essay is divided into three parts as follows : 1. Thoughts on selecting the good housing area. 2. The aspect of housing reflected upon composing the house-plan. 3. The characteristic sentiments reflected upon the interior construction and decoration. We can find several characteristic points in the housing system of the Yi-Dynasty as follows : 1. In Korea, the thought of natural geography (Poongsu-seul), apart fro scientific view, which seems rather superstitious to us, modern young people, has been highly recommended by the people of our country from old days connected with the prosperity of our life. They also neglected about the social circumstances such as, market, transportation, and education, which are now considered as very important. They only put their concern on this natural environment which they called Poongsu. 2. In construction of house-plan, the house was not built for living with reasonable convenience, but for showing prestige of the upper-class people reflecting its social organization under the feudalism of the period. Furthermore, the most of the housework was done actually by those servants and maids of the house, and not the family themselves. The only concern for the upper-class people was to show off their authority, and so this sense of authority was revealed in the housing as well. 3. Both the outside appearance of the house and the interior decoration or the furniture are all very artistic and lovely. They were so refined and beautiful with their delicate taste which truly seem against our modern rationalism and uniformity.

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An Empirical Analysis about Effect Factors of Chinese Housing Price: Focusing on FDI into China (중국 주택가격에 영향을 미치는 요인에 관한 실증분석: 중국에 대한 FDI를 중심으로)

  • Choi, Baek Ryul;Guo, Hua Bing
    • International Area Studies Review
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    • v.15 no.3
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    • pp.263-283
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    • 2011
  • As China has achieved continuous high growth, innovative housing system and rapid growth of housing finance for thirty years since its reforming and opening, Chinese real estate industry has developed rapidly, investment in real estate has increased remarkably and price of real estate has increased continuously. In particular, as China joined WTO in 2001, overseas companies have expanded investment in Chinese real estate market with chances of potential profit. Recently, management of foreign capital real estate companies has expanded from housing to office buildings and luxury shops. Besides, management has expanded from real estate development to various tasks such as management, brokerage service, lease management and financial investment. In order to measure relationship between FDI in Chinese real estate and Chinese housing price, this document utilizes not only various data such as housing price, FDI to real estate, domestic loan of real estate, interest rate and exchange rate in 35 major cities across China but also previous researches to set an empirical analysis model and analyze effects of foreigners' direct investment in Chinese real estate on Chinese housing price.

A Study on the Possibility of Initial Cost Saving in the New Housing Model Considering Long-life and Constructability - Focused on the Case Analysis with Converting Skeleton and Cladding to New Systems - (장수명화와 시공성을 고려한 새로운 공동주택 모델의 초기 비용절감 가능성 연구 - 구조체와 외장전환 사례분석을 중심으로 -)

  • Kim, Soo-Am;Shin, Sung-Eun;Chung, Joon-Soo;Shon, Young-Jin
    • Journal of the Korean housing association
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    • v.23 no.6
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    • pp.49-59
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    • 2012
  • This study suggested a new model in consideration of long life and constructability of apartment house suggested in the former part. New model suggested the possibility of cost saving based on the idea that people trend to reject because of the recognition that the new model would cost a lot of expense which work as the barrier for the expansion and distribution at the local market so as to prepare the ground for its activation. The Study was aimed at verifying the possibility of cost saving through comparing it with the existing standard apartment house system centered on the skeleton and cladding system among the new structural design models suggested in the former part. Assuming that these existing standard both models should be changed structural design into new model system, the quantity volume, cost and construction period along with the alteration of finished materials between two models were compared altogether. Simultaneously BIM library was built for easy taking-off bill of quantity and consideration of working methodology for construction working cycle, which was translated into construction cost so as to derive the cost of the two subject systems to be counted. Through the analysis, it was concluded that new model would secure variability in the future and constructability along with shortening the construction period (29%) and achieve cost saving (13%) of construction against the those of existing model.

A Study on Evaluation Elements for Interior Coordination of Small-sized Housing - Focused on the below ㎡ small-sized housing between Korea and Japan - (소형주택의 실내코디네이션 평가요소 분석에 관한 연구 - 한국과 일본의 85㎡이하 소형주택을 중심으로 -)

  • Kim, So Hee;Seo, Min-Woo;Han, Young-Ho
    • Korean Institute of Interior Design Journal
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    • v.22 no.1
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    • pp.194-202
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    • 2013
  • In the modern society, phenomena such as a decrease in population and an increase in urban small houses caused by demographic changes, a decrease in midium-large housing constructions, and the concentration of one to two person families in the capital area cultivated ground for the growth of small house market. In response to these trends, interior coordination becomes a critical factor to be applied to the small houses in order to suit the residents' needs in most convenient, efficient and aesthetic ways. Therefore, an evaluation element is in demand to extract, evaluate and constantly improve the interior coordination elements. This study extracts and analyzes the essential elements required for small houses into spatial structure, system coordination and interior coordination. In domestic cases, most of spatial structure was conventional and linear while in foreign countries, various variations were found to reflect the needs from different consumers. For the system coordination, convenience played the most important role to emphasize on the easy use of digital system and built-in appliance system in domestic cases. However, in foreign countries, safety issue and economic aspects were the most considered when it comes to the interior coordination. In regard to interior coordination, installations of the storages for the limited small spaces that also support as extended spaces were rare to find in both cases for domestic and international settings. It is expected that systematic studies focused on more objective standards for interior coordination shall be implemented to provide indicators to measure the interior coordination cases in the near future.