• Title/Summary/Keyword: residential estate development

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Growth and Spatial Distribution of Korean Society in Metro Atlanta, Georgia, USA (미국 조지아 주 메트로 애틀랜타 한인사회의 성장과 공간적 분포)

  • Lee, Sung-Cheol;Lee, Eui-Han
    • Journal of the Economic Geographical Society of Korea
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    • v.14 no.2
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    • pp.225-239
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    • 2011
  • The main purpose of this paper is to analysis the growth process of new emerging Korean society in Georgia, the USA by investigating changes in the regional distribution of Korean business located in metro Atlanta region. More specifically, it aims to identify the characteristics of spatial distribution of Korean business in metro Atalanta through their locational trends since 1980s. To this end, it has explored the history of Korean migration into Georgia and the locational trends of Korean firms in metro Atlanta by industries. As a result, the main location of Korean firms has expanded into the northeastern regions of Atlanta due to the development of transportation, new regional development, education environment and changes in residential distribution by ethnic. Also, the main Korean business has transformed from retails and restaurant to real estate and finance because of changes in market strategies, institutions and Korean local migration.

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Revitalization Planning Strategies for Inner City Based on Locational Characteristics and Potentials -Focused on Cheongju Inner City- (지역 내 입지특성과 잠재력을 반영한 원도심 활성화 방안 -청주시 원도심 지역을 중심으로-)

  • Kim, Min-Hyeok;Jeon, Won-Sik;Kim, Young-Hwan
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.3
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    • pp.554-559
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    • 2016
  • Cheongju has been a continuously expanding city due to housing development and new town construction since the 1980s. With time, many urban problems have arisen, such as commercial decline, and degradation of the residential environment in inner city. To revitalize the inner city, this study proposed some planning strategies through the linkage of separated urban regeneration projects maximizing its effectiveness. Therefore, firstly, this study selected the target area in the inner city and identified the cause of the declination and deterioration pattern. Secondly, the main issues were derived by reviewing the locational characteristics and the potential of the target area. Finally, four strategies and detailed projects were suggested for the target area for revitalization of the inner city. Although the effectiveness cannot yet be verified due to its under realization, the results derived from the citizen's participation are having a very important impact and they can be a useful reference for similar planning.

Land Price Variation by the Seoul International District - Focused on the 3rd Class Residential District in Gangnam-Gu - (국제교류복합지구 개발진행에 따른 주변 지가변화에 관한 연구 - 서울시 강남구 제3종일반주거지역을 대상으로 -)

  • Ju, Minjeong;Lee, Jaewon;Lee, Sangyoub
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.5
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    • pp.115-124
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    • 2019
  • The purpose of this study is to analyze the housing price variation within the redevelopment project district, affected by the characteristics of project and implementation stage. This study implemented the hedonic price model employing the actual transaction price with 24 dependent variables from 2006 to 2016 inside 19 redevelopment districts in Seoul. Research finding indicates that the larger ratio of the number of tenants and general distribution, the smaller ratio of rented households and the more positive effect of housing price. It is noteworthy that this study demonstrated the actual transaction price of houses located within the project districts by implementation stage. This study is expected to help the policy makers, the developers and the investors make more reliable decisions on the feasibility study related to the redevelopment project.

Research on the Effects of Academic Achievements on the Spatial Features of a University Dormitory (대학기숙사의 공간특성이 학업성취도에 미치는 영향)

  • Baik, Min-Seok;Keum, Sang-Su
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.8
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    • pp.4901-4907
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    • 2014
  • This study examined how the spatial features, such as the standards of facilities and floor plan of a university dormitory affect the academic achievements. This thesis reports the implications of the management of local universities through the optimization of dormitory environments and provides guidelines for the development of local universities in the face of a decrease in the number of the students. The following results were drawn from a case study of 'S' University which is situated in North Chungcheong Province. First, the students' academic achievements improved with increasing quality of the overall university dormitory. The results show that the dormitory is not only the living space but also the learning space. Considering that an improvement in the students' academic achievements can affect the employment rate of college graduates, providing students with pleasant amenities is very important. Second, the results showed that the academic achievements vary with the spatial characteristics of the residential space; the academic results deteriorated with increasing number of students who share a room. The results of this analysis suggest that a flexible dwelling space that enables the multiple-use residential space to be remodeled into single or double rooms, is very important when facing a decrease in the number of students and the difficult financial stability of the university.

Financial Feasibility Study by Considering Risk Factors for High-Rise Development Project (초고층 개발사업의 리스크 요인을 고려한 재무적 타당성 분석)

  • Chun, Young-Jun;Cho, Joo-Hyun
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.4
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    • pp.3-16
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    • 2017
  • Forecasting cash flow is very important but is difficult and complicated to analysis in high-rise development projects. And An expected value which was forecasted on the early stage is likely to fluctuate due to uncertainties around such complicated huge project to consider the probable uncertainty. There are not objectified method which are able to cope with uncertainty of project, and feasibility study based on selected financial analysis does not include liquidity of cash flow. Through such a stochastic method, developer can cope with cash flow fluctuation and set up a financial plan. Also this study is meaningful for laying the foundation for high-rise development project and feasibility study as well as the suitability and accuracy of feasibility study. Analysis showed that NPV and IRR include residential apartments shows surplus revenue as return of apartments offset deficit of hotel and office. Factors influencing the project feasibility for high-rise development project are sales account of $1^{st}$ year and annual vacancy rate of office.

Studying Life Zone Determination and Classification of South Korea for Providing and Operating Living SOC Facilities in the Post-COVID-19 Era (코로나-19 이후 시대에 생활SOC 시설의 설치·운영을 위한 우리나라 생활권의 설정과 유형 구분 연구)

  • Heejae Kim;Geunyoung Kim
    • Journal of the Society of Disaster Information
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    • v.20 no.2
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    • pp.448-461
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    • 2024
  • Purpose: The purpose of this study is to establish a life zone class suitable for Korean characteristics in the post-COVID-19 era and to classify the types for the installation and operation of living SOC facilities. Method: The concept of the life zone was established through policies and previous studies related to the life zone, and data in various fields such as population, employment, transportation, economy, and education were classified using the z-score technique. Result: Korea's life zones can be classified into metropolitan life zones, regional life zones, urban life zones, village life zones, and neighborhood life zones, and depending on their roles, they can be classified into central life zones, workplace-residential balanced life zones, residential life zones, industrial life zones, and low-density life zones. Conclusion: The results of this study show that proper life zone establishment and proper living SOC supply can prevent the decline of underdeveloped areas and contribute to balanced regional development

A Study of the Price Determinants for Public Residential Land Investment - From the Perspective of Land and Market Factors - (택지지구 공동주택용지의 투자가격 결정요인에 관한 연구 - 토지특성 및 시장요인 관점에서 -)

  • Choi, Kiheon;Lee, Sangyoub
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.3
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    • pp.108-115
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    • 2016
  • The price determinant for land investment depends on the internal information process and subjective decision making by management in general. Accordingly, the systematic frame to determine the feasibility of investment price to the public residential land for multi-housing development by private sector has not been proposed. The purpose of this study is to explore the frame to determine the investment price for public residential land from the perspectives of land attribute and apartment market factor. Multiple regression has been implemented to confirm the eligibility of proposed model. Research findings indicate that the land area, floor area ratio, coverage ratio, location have been identified as the total land cost determinant, and for the determinants for floor area land cost, the ratio of apartment, sale price, rent price, etc, have been identified. This research intends to provide the basis for land providers to predict the land value as a raw material in market and present the indicators for land buyers to review the price adequacy for the investment.

Revitalization of Urban Regeneration through the Happiness Housing Project as Public Housing Policy

  • Kim, Ok-Yeon;Lee, Jae-Pyeong
    • Land and Housing Review
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    • v.5 no.3
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    • pp.151-167
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    • 2014
  • Urban space structure in South Korea when through drastic changes ever since public housing policies began their full-fledge implementation. That is, public housing policies represent the main cause for formation of the current urban space structure, as the public houses are constructed in accordance with changes of demographic/social structure, considering changes of housing demand, in urban spaces demanded by the end users. After rapid industrialization and urbanization in the 1960's, each government in different periods have implemented housing supply policies through massive urban developments, to resolve the issue of housing shortage and residential instability. Phase 1 New Towns were developed in the 1980's resulting in suburbanization of the Seoul Area, followed by urban sprawl due to construction of small-size New Towns after deregulation in the 1990's, and construction of Phase 2 New Towns for resolution of housing shortage in the early 2000's and the resulting urban problems. In the mid-2000's, construction of Bogeumjari houses in GB areas led to insufficient housing supply in downtown areas, and the period after 2010 witnessed continuous deterioration of existing urban areas and acceleration of the rental housing crisis caused by rental housing shortage in downtown areas. Moreover, the residentially vulnerable classes consisting of young, 1~2-member households is expanding, with the real estate market in recess. Therefore, the government is trying to achieve urban regeneration through public housing policies so as to resolve the urban space problem and the housing problem at the same time, and the Happiness Housing Project has been implemented as a policy to achieve that goal. The Happiness Housing Project for young, residentially vulnerable classes in downtown areas, is going through diversification aimed at conjunction with urban regeneration projects in downtown areas, as exemplified by conversion of rental houses in residential environment improvement project districts and redevelopment/reconstruction project districts into happiness housing, and supply of happiness housing in conjunction with small reorganization projects for deteriorated residential areas in such areas as those excluded from New Town designation. Continuous supply of Happiness Housing in conjunction with urban regeneration requires mixed-use residential development which includes convenience facilities and public facilities, along with improvement of rental conditions (rental period/rent) and diversification of project methods, considering that the project is implemented in downtown areas.

Analysis of determinant Factor for Industrial Complex Location (산업단지 입지 결정요인 분석)

  • Lee, Jae-Tak;Kim, Dong-Il
    • Journal of the Korea Convergence Society
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    • v.8 no.12
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    • pp.343-349
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    • 2017
  • In this study, the factors of the industrial complexes were analyzed in a comprehensive review, and the research model was developed and related variables were adopted to the purpose of this study. Also, the determinants of location are analyzed by three factors of infrastructure stabilization, industrial resource access, and residential neighborhood factors. For the analysis of this study, the hypothesis was analyzed through the path analysis of the SEM through the set hypotheses based on the research model. As a result of analysis, it is analyzed that TI factors and RA factors of infrastructure, IF group, are both influenced by industrial location. In addition, there is a statistically significant correlation in the analysis between the parameters of the NEF and the determinants of industrial location. The results of this study are expected to provide useful guidelines for industrial infrastructure development and industrial complex development projects at national and local government.

A Geographically Weighted Regression on the Effect of Regulation of Space Use on the Residential Land Price - Evidence from Jangyu New Town - (공간사용 규제가 택지가격에 미치는 영향에 대한 공간가중회귀분석 - 장유 신도시지역을 대상으로-)

  • Kang, Sun-Duk;Park, Sae-Woon;Jeong, Tae-Yun
    • Management & Information Systems Review
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    • v.37 no.3
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    • pp.27-47
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    • 2018
  • In this study, we examine how land use zoning affects the land price controlling other variables such as road-facing condition of the land, land form, land age after its development and land size. We employ geographically weighted regression analysis which reflects spatial dependency as methodology with a data sample of land transaction price data of Jangyu, a new town, in Korea. The results of our empirical analysis show that the respective coefficients of traditional regression and geographically weighted regression are not significantly different. However, after calculating Moran's Index with residuals of both OLS and GWR models, we find that Moran's Index of GWR decreases around 26% compared to that of OLS model, thus improving the problem of spatial autoregression of residuals considerably. Unlike our expectation, though, in both traditional regression and geographically weighted regression where residential exclusive area is used as a reference variable, the dummy variable of the residential land for both housing and shops shows a negative sign. This may be because the residential land for both housing and shops is usually located in the level area while the residential exclusive area is located at the foot of a mountain or on a gentle hill where the residents can have good quality air and scenery. Although the utility of the residential land for both housing and shops is higher than its counterpart's since it has higher floor area ratio, amenity which can be explained as high quality of air and scenery in this study seems to have higher impact in purchase of land for housing. On the other hand, land for neighbourhood living facility seems to be valued higher than any other land zonings used in this research since it has much higher floor area ratio than the two land zonings above and can have a building with up to 5 stories constructed on it. With regard to road-facing condition, land buyers seem to prefer land which faces a medium-width road as expected. Land facing a wide-width road may have some disadvantage in that it can be exposed to noise and exhaust gas from cars and that entrance may not be easy due to the high speed traffic of the road. In contrast, land facing a narrow road can be free of noise or fume from cars and have privacy protected while it has some inconvenience in that entrance may be blocked by cars parked in both sides of the narrow road. Finally, land age variable shows a negative sign, which means that the price of land declines over time. This may be because decline of the land price of Jangyu was bigger than that of other regions in Gimhae where Jangyu, a new town, also belong, during the global financial crisis of 2008.