• Title/Summary/Keyword: rental apartments

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A Study on the Characteristics of Management Costs of Apartment Complexes by the Types of Heating Systems (난방방식에 따른 아파트 관리비용의 실태에 관한 연구 - 대전광역시를 대상으로 -)

  • Koh, Bong-Sung;Kim, Sang-Ho
    • The Journal of the Korea institute of electronic communication sciences
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    • v.7 no.3
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    • pp.607-615
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    • 2012
  • The aim of the study is to estimate the management costs of apartments by the types of heating systems(individual, central, district heating system). Multiple regression analysis was adapted and the used data are derived from 128 apartment complexes in Daegeon-si. The results are as follows; first, the management cost is decreased as a size of apartment is larger, second, the costs of general maintenance, security and repairing of buildings are lower in individual heating system. however, there is no significant differences in cleaning costs by the types of heating systems.

The Dynamic Effects of Subway Network Expansion on Housing Rental Prices Using a Modified Repeat Sales Model (수도권 지하철 네트워크 확장이 아파트 월세 가격에 미치는 영향 분석 - 수정반복매매모형을 중심으로 -)

  • Kim, Hyojeong;Lee, Changmoo;Lee, Jisu;Kim, Minyoung;Ryu, Taeheyeon;Shin, Hyeyoung;Kim, Jiyeon
    • Journal of Cadastre & Land InformatiX
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    • v.51 no.2
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    • pp.125-139
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    • 2021
  • Continuous subway line expansion over the years in Seoul metropolitan area has contributed to improved accessibility to public transport. Since public transport accessibility has a significant impact on housing decisions, quantitative analysis of correlation between housing prices and public transport accessibility is regarded as one of the most important factors for planning better housing policies. This study defines the reduction of traveling time resulted from the construction of new metro stations despite them not being the closest stations as 'Network Expansion Effect', and seeks to understand how the Network Expansion Effect impacts on housing prices. The study analyzes monthly rent data converted from upfront lump sum deposit, so called Jeonse in Korea, from 2012 to 2018, through 'A Modified Repeat Sales Model.' As a result, the effect of 'Network Expansion' on rental prices in Seoul has stronger during the period of 2017 to 2018 than the base period of 2012 to 2014, which suggests the 'Network Expansion' has a meaningful effect on rent. In addition, in comparison between the most and the least affected group of apartments by 'Network Expansion Effect', the most affected group has more price increase than the least affected group. These findings also indicate that different levels of 'Network Expansion Effect' have various influences on the value of residential real estate properties.

A Longitudinal Analysis of Residential Environment Quality and Housing Expense of Young Households (청년층 가구의 주거실태 변화에 관한 종단 분석)

  • Lee, Hyunjeong;Yim, Taegyun
    • Land and Housing Review
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    • v.13 no.2
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    • pp.31-47
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    • 2022
  • This paper examines residential environment quality and housing expenses of young households through longitudinal analysis. Using the 5th and 15th Korea Welfare Panel Study (KoWePS), this research compared their housing outcomes with those of the Korean households. The statistical analysis revealed that most young households were highly-educated, salaried workers who were predominantly married men in their early 30s. There was a sharp rise in the number of female householders and one-person households. Also, the young households were largely renters of mid-sized multi-family housing with two bedrooms in non-Seoul Metropolitan Area. Their housing expense was slightly higher than the national average. As a proportion of renters of multi-family housing (exclusive of apartments) rose, the proportion of young households who spent more than 25% of their income increased faster than the national average. The proportion of young households in the Seoul Metropolitan Area outpaced the national average. Their monthly rental arrangements grew in contrast to no change in the nationwide monthly rental arrangement over the survey period, resulting in their high burden on housing expenses. Their homeownership rate was below the national average, and it decreased while the overall homeownership rate increased nationwide, implying that their housing affordability was worsened, which made it difficult for them to move up the housing ladder. Thus, this research suggests housing policies that scale up support for young households.

Comparative Study of Inhabitants' Life Satisfaction in Senior Cohousing Communities between Sweden and Denmark (스웨덴과 덴마크 노인용 코하우징 주민의 생활만족도 비교)

  • Choi, Jung-Shin
    • Journal of the Korean housing association
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    • v.16 no.6
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    • pp.149-160
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    • 2005
  • There is an increasing curiosity in Nordic as well as Far East Asian countries about senior cohousing, where the middle-aged and elderly people, 55+. form a community for independent living. What are the ideas behind senior cohousins? Why are people moving to senior cohousing community? What may senior cohousing provide and mean for individuals and groups of the elderly? Is senior cohousing a sustainable idea for future generations of elderly people? There is a curiosity among elderly people looking for interesting alternatives. Municipalities and state authorities hope that senior cohousing can contribute to the welfare of the elderly as the scope far support by the public sector is decreasing. Actors in the building sector are interested In investment and meeting the demands. In Denmark and Sweden the senior cohousing concept had a revival around 1985. In Denmark there has been a vivid discussion and plenty of books have been published. In Sweden there are few evaluations but an increasing interest. From different points of view, Danish, Swedish and Nordic as well as Far East Asian countries, there is a concern to explore and compare to get more facts and deeper understanding far further actions. This is a comparative study of inhabitants' life satisfaction in cohousing communities in Denmark and Sweden. The study is based on discussions with cohousing providers, study-visits in cohousing communities and a questionnaire to residents themselves. Study-visits took place during springtime and the questionnaires were handled spring and summer of 2002. 655 seniors responded to the questionnaire from 14 seniorbofae llesskaber (rented or housing cooperatives) in Denmark, 11 seniorhus within the SABO sector (municipality owned housing with rental apartments) and 8 housing cooperatives initiated by the Seniorgarden Housing Company in Sweden. Data were analyzed by SPSS program, using frequency, percentage, cross-tab and chi-square test. This paper focused three major areas of interest; 1)characteristics of the inhabitants. 2) participation in common activities and mutual cooperation among residents and 3) evaluative outcomes from the inhabitants' points of view. Mainly the inhabitants expressed quite positive experiences of their living environment and everyday lift and a few difference was found in life satisfaction between Denmark and Sweden.

Volatility Analysis of Housing Prices as the Housing Size (주택 규모에 따른 가격 변동성 분석)

  • Kim, Jongho;Chung, Jaeho;Baek, Sungjoon
    • The Journal of the Korea Contents Association
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    • v.13 no.7
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    • pp.432-439
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    • 2013
  • In this study, we evaluate the volatility of housing prices by using literature review and empirical analysis and furthermore we suggest how to improve. In order to diagnose housing market, the KB Bank's House Price Index, Real estate 114;s materials were compared. In addition, to examine the volatility, GARCH (Generalized Autoregressive Conditional Heteroskedasticity) and EGARCH (Exponential GARCH) model are used. By analysis of this research, we found the volatility of housing price also was reduced in the medium and the large houses since 1998, while the volatility of small housing price relatively was large. We proved that the price change rate of small housing was higher than the medium's. On the order hand, the supply of small apartments fell down sharply. The short-term oriented policy should be avoided, and the efficiency and credibility of policy should be increased. Furthermore, the long-term policy system should be established. and rental market's improvement is necessary for stabilization of housing market.

Residential Mobility and Housing Preference of Daegu Metropolitan City (대구시민의 주거이동 요인과 주택선호성향 분석)

  • Im, Jun-Hong;Kim, Han-Soo;Song, Heung-Soo
    • Journal of the Korean housing association
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    • v.25 no.4
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    • pp.93-100
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    • 2014
  • The purpose of this study, analyzing the primary factors for residential mobility and housing preference of Daegu citizens, is to provide a basic data for future housing policies. The results are as follows: First, 32.1% of Daegu citizens have intention of residential mobility. Especially the residents in central (50.0%), southern (59.0%) and western Daegu showed more intention than those in other districts. Second, we used the GLMM (Generalized Linear Mixed Models) to analyze the main factors for residential mobility. The results are as follows; 1) the residents who have lower housing satisfaction with the type of housing, parking, and educational environment, 2) those who are male and younger, 3) those who live in rented house have more intention of housing mobility. Third, based on the analysis on the preference change of the type of housing, the preference of the apartments is getting higher, while that of the detached houses is getting lower (past: 40.1%${\rightarrow}$present: 54.8%${\rightarrow}$future: 66.7%). 28.8% of the respondents (444) expressed intention to live in the public rental houses, in case they are provided in the areas they are moving to. Fourth, when we analyzed the size of the houses they actually lived in and that of the houses they prefer to live in case of moving, we found that in general they tend to move in smaller housing than in the past. The results of the analysis showed that in order to minimize the possible moving away from the current residential areas due to the dissatisfaction with the housing environment, in the first place the improvement in the quality of the houses, parking and education environment is needed.

Housing Policy for Low-income Households (Ger Areas) in Mongolia: Based on Generic Characteristic of Developing Countries

  • Ishdorj, Saruul;Lee, Hyun-Soo;Park, Moonseo
    • International conference on construction engineering and project management
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    • 2017.10a
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    • pp.138-145
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    • 2017
  • As that experienced in other developing countries, Mongolia has already faced multilateral side issues for two decades due to economic growth that created Ger areas or internationally 'Slum', public housing and living conditions for low-income citizens, on the basis of rapid migration from rural areas to urban. Ger areas appear to be the main cause of environmental pollution problems and impending comfortable living conditions of the city's residents by covering more than half area of Ulaanbaatar city. Also, the spread of the Ger areas has many side issues such as prevention of urban development and unaesthetic. Most inhabitants of the areas are on low-incomes, and living in the detached houses or felt yurts (Ger) usually build within a low budget, by themselves or unprofessional people, and by using materials of poor quality. Therefore, Ger areas are an inevitable issue that requires effective, proper and immediate housing policy coordination under the government and even the housing market. Unfortunately housing policies, laws, and projects adopted by Mongolian government have shown inefficient results. The government housing policies, unlike other developing countries did not target low-income households' housing which is the priority issue for two decades. But only in 2014, the Long-term housing policy with the strategy for affordable housing initiated the housing policy for low-income households. This policy has five main broad directions such as redevelopment of Ger area, the land readjustment, public rental housing, new settlements and new city and reconstruction for old apartments, which are rather general and would require tremendous financial resources if each of the directions is implemented simultaneously without prioritization. Therefore this research aims to suggest the efficient and adequate housing policy direction for the low-income households in Ger area based on achievement of other developing countries' strategies, performances and generic characteristic with explanatory models. Also, this research adopts a literature analysis method that uses various research reports, related papers in domestic and international journals, and theses by experts, researchers, public institutions, and agencies.

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Survey of Natives Resettlement Consciousness in Urban Regeneration Project -Centered on the Re-Maintenance Promotion District of Asan City- (도시재생사업 추진에 있어 원주민 재정착 의식조사 -아산시 재정비촉진지구를 중심으로-)

  • Koo, Si-On
    • The Journal of the Korea Contents Association
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    • v.10 no.4
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    • pp.282-291
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    • 2010
  • This study is carried out in order to suggest the effective method to enhance the resettlement of natives for re-maintenance promotion district of Asansi. This study is carried out through current status survey, native survey, and examining related laws, and the result of study is as follows. First, as a result of examining the intention of resettlement for the residents and merchants who live in the project district, 84% of residents and 80% of merchants wish to resettle. Second, in order to enhance the rate of resettlement, driving project to satisfy the demands of residents and merchants is needed. For this, house supplying policy and complex design technique for corresponding this tendency is needed because they prefer to live a single houses or housing attached to shopping street of 100 million won valued below as well as apartments,. And new types of business which can activate the function of the old city are needed, but making commercial space where current merchants can constantly do business activities is demanded. Third, the expansion of urban regeneration concept which have economics, society, culture, welfare and community as well as physical environment improvement are emphasized is needed. Fourth, the role of government for urban regeneration should be strengthened, and institutional improvement should be supported. Government needs to constantly support including financial supporting in order for the regeneration of regional city, and especially should scout for the policies which community can be maintained and should support first. For this, utilizing public lands inside project district into leading project, government should utilize into "constructing rental houses for natives", inducing the leading key facilities. Fifth, various plan techniques for the resettlement of natives of other advanced countries should be examined and be achieved.

Development of a Model for Calculating the Construction Duration of Urban Residential Housing Based on Multiple Regression Analysis (다중 회귀분석 기반 도시형 생활주택의 공사기간 산정 모델 개발)

  • Kim, Jun-Sang;Kim, Young Suk
    • Land and Housing Review
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    • v.12 no.4
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    • pp.93-101
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    • 2021
  • As the number of small households (1 to 2 persons per household) in Korea gradually increases, so does the importance of housing supply policies for small households. In response to the increase in small households, the government has been continuously supplying urban housing for these households. Since housing for small households is a sales and rental business similar to apartments and general business facilities, it is important for the building owner to calculate the project's estimated construction duration during the planning stage. Review of literature found a model for estimating the duration of construction of large-scale buildings but not for small-scale buildings such as urban housing for small households. Therefore this study aimed to develop and verify a model for estimating construction duration for urban housing at the planning stage based on multiple regression analysis. Independent variables inputted into the estimation model were building site area, building gross floor area, number of below ground floors, number of above ground floors, number of buildings, and location. The modified coefficient of determination (Ra2) of the model was 0.547. The developed model resulted in a Root Mean Square Error (RMSE) of 171.26 days and a Mean Absolute Percentage Error (MAPE) of 26.53%. The developed estimation model is expected to provide reliable construction duration calculations for small-scale urban residential buildings during the planning stage of a project.

Effects on the Housing Market by Supplying "New Stay" Apartments: Focused on the Two Areas, Michuhol-Gu, Incheon and Gwonseon-Gu, Suwon (뉴스테이 공급에 따른 주택시장 반응과 효과: 인천 미추홀구와 수원 권선구 지역에 관한 연구)

  • Koh, Young Chon;Shin, Jong Hwa
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.5
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    • pp.433-442
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    • 2021
  • This study analyzed the housing market before and after the New Stay movement which was introduced in 2015. In this study, the territories having a New Stay Project and non-involved territories were analyzed based on the apartment price changes according to supply for 12 months before and after the movement date. This study used the difference-in-differences statistical technique. A comparison was carried out in Michuhol-gu, Incheon between Dowha-dong where a New Stay Project was executed, and Sungeui-dong where no project was executed, based on the movement date. It was seen that the price level in the former territory was higher than the latter demonstrating that the introduction of the New Stay Project in Dowha-dong lowered the apartment prices nearby (Sungeui-dong). A comparison in Gwonseon-gu, Suwon between Omogcheon-dong where a New Stay Project was executed and Gosaek-dong where there was no such project, based on the movement date showed that the introduction of the New Stay Project in Omogcheon-dong seemed to lower or stabilize the apartment prices nearby (Gosaek-dong). These results imply that the apartment prices in nearby areas can be stabilized if the supply volume of company-type rental houses is increased.