• Title/Summary/Keyword: sale price of a house

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Comparative Analysis of the Causal Relationship between Regions of Fluctuations in the Housing Market (주택시장 변동의 지역간 인과성 비교분석)

  • Kim, Kyong-hoon;Jang, Ho-myun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.3
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    • pp.518-527
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    • 2016
  • The housing market is changing continuously according to the place and time and these changes have a ripple effect across various fields. On the other hand, the amount of housing that is consumed in the region also acts as a central cause of price movement. Moreover, the cause of variations in the housing market can be separated according to the characteristics of the housing consumer. In addition, the individual characteristics of the consumer varies according to the region. As a result, a study on the regional causal relationship of the housing market is underway. Although significant research has been done on the domestic home sales market, there has been limited research on the housing charter market. Therefore, in this paper, regional causal relationship of the housing market in the Gangnam and Gangbuk area in Seoul and Gyeonggi Province was analyzed using the vector error correction model, and is segmented by housing sale market and housing jeonse market. In addition, housing sale and housing jeonse of Gangam, Ganbuk and Gyeonggi province are defined as analysis variables, and time series data is the monthly material of June 2003 to November 2015. The results of the analysis, in the case of the housing sale market, showed that fluctuations in house prices in Gangnam area have a major influence on the fluctuations in house prices in the surrounding region. Similarly, in the case of the housing jeonse market, it was found that the jeonse price of Gangnam area has a significant impact on the jeonse price of housing in the surrounding area.

A Regression Model for Forecasting the Initial Sales Ratio of Apartment Building Projects (아파트 프로젝트의 초기 분양률 예측 회귀모델)

  • Son, Seung-Hyun;Kim, Do-Yeong;Kim, Sun-Kuk
    • Journal of the Korea Institute of Building Construction
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    • v.19 no.5
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    • pp.439-448
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    • 2019
  • There are various factors affecting the success and failure of an apartment building project. However, after the unit sale price has been determined and the sale has started, the most important factor affecting on the project is the initial sales ratio for one month after the sale. Generally, developers predict an initial sales ratio by various data such as economic situation, the trend of the housing market, and the house price near the business place. However, it is very difficult for these factors to be calculated quantitatively in connection with the initial sales ratio. Therefore, the purpose of this study is to develop a regression model for forecasting the initial sales ratio of apartment building projects. For this study, pre-sales data collection, correlation analysis between influencing factors, and regression model development are performed sequentially. The results of this study are used as basic data for predicting the initial sales ratio in the feasibility analysis of apartment building projects and are used as key data for the development of the risk management model.

Analysis on the Lotting Price Fluctuation of the Multi-Family Attached House According to the Construction Material Cost Variation (건설자재 가격 변동에 따른 공동주택 분양가 변화 분석)

  • Choi, Yeol;Yim, Ha Kyoung;Park, Bong Woon
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.29 no.6D
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    • pp.753-760
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    • 2009
  • This study analyzed the fluctuation of the construction material cost from 2001 to 2008 in Busan to examine the effect of the fluctuation of the construction material cost on lotting price of the multi family attached house. The major findings are as follow. First, as the result of the analysis on four materials such as reinforced bar, remicon, PHC piles, Copper Tubes, those take largest portion of construction cost, it was found that the there is wide difference in price fluctuation of the each materials. The reinforced bar and Copper Tubes showed high price increase by an average 14.03% and 14.91% per year while remicon, PHC piles remained almost unmoved by an average 0.86% and 2.41%. Second, According to the result of the analysis on the mutuality between the fluctuation of the construction material cost and the lotting price of the multi-family attached house, it was found that the fluctuation of the construction material cost have the most enormous effect on the sale price of the multi-family attached house, when there is 3 month time lag in reinforced bar, remicon, PHC piles, Copper Tubes, commonly. Also this mutuality continues to 6 month, 9 month and 1 year, although it decrease a little bit.

Analysis the Appropriate Schedule for the Installment Payment Amount and Establishment of the Post sale System and Policy in the Apartment Construction (공동주택 건설사업에서 후분양의 제도 및 정책 수립을 위한 분담금 납부 적정시기 분석)

  • Yoon, Inhwan;Bae, Byungyun
    • Korean Journal of Construction Engineering and Management
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    • v.22 no.4
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    • pp.59-65
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    • 2021
  • Since the 2016 "Housing Act Partial Amendment" and the "2018 Housing Comprehensive Amendment Plan", interest in the pre sale system and post sale system of apartment houses has been on the rise. In order to compare the advantages and disadvantages of the pre sale system and the post sale system of apartment houses, and to establish the basis for the institutional policy of the post sale system, a questionnaire survey method was used for tenants of the apartment house from the public side, and issues of time and cost. The time series analysis method is intended to suggest an appropriate time for payment of contributions. Accordingly, through a review of existing theories and literature, the post sale system of public and private institutions was organized, and through a questionnaire survey, the path to securing pre sale money, product information of the model house, and the degree of awareness of the effect of the post sale system were investigated. For the post sale fund support and payment method, it is necessary to increase the commercial line for existing financiers from the user's point of view, and it is necessary to operate in consideration of the economic power of the pre sale market by region. Both 60% post sale and 80% post sale have a price range of up to KRW 10 million, and the total interest rate is 5.0%, and the annual interest rate is about 2.8% for 60% post sale, and about 2.1% for 80% post sale, which is lower than the current 3.1%. I need an interest rate. The research is a perception survey targeting a total of 5,213 households in a sample of after sale apartments in public institutions. As the actual values are analyzed using a time series on the effects of market supply and demand and market prices, there is a limit to applying them to prospective residents of private apartments. In addition, to respond to first time tenants, a questionnaire survey was conducted on five complexes that have moved in within the last five years.

A Study on Sale revitalization Video Phone Market - The Case of Seoul City - (영상전화기(비디오폰) 판매 활성화방안 연구 - 서울시를 중심으로 -)

  • Kim, Dae-youn;Lee, Sang-youn
    • Journal of Distribution Science
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    • v.7 no.1
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    • pp.35-53
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    • 2009
  • Sees the market where home appliance and network equipment, the communication service enterprises are new recently the home network market of the most which has an interest in the home network is being activated the newly-built high-class apartment in the center. The company building leads because not being option of the case last customer of newly-built market and must do a business . marketing. So newly-built market the demand grasp which is individual leads sale activation with difficult and that to creates a benefit there is a limit judges and axis market in the object hereafter demand at even the popular house the function to prepare in being magnified is simple and there is a possibility of saying that a more effort is demanded in supply style video phone market opening up where the price is cheap. Saw with like this reason from, analyzes the concept and a market trend of the video phone, grasps distribution channel forms and A/S handling systems and there is the goal finds the video phone sale revitalization plan which is suitable in all market.

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Estimating the Determinants of Households' Monthly Average Income : A Panel Data Model Approach (패널 데이터모형을 적용한 가구당 월평균 가계소득 결정요인 추정에 관한 연구)

  • Yi, Hyun-Joo;Cheul, Hee-Cheul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.6
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    • pp.2038-2045
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    • 2010
  • Households' monthly average income is composed of various factors. This study paper studies focuses on estimating the determinants of a households' monthly average income. The region for analysis consist of three groups, that is, the whole country, a metropolitan city(such as Busan, Daegu, Incheon, Gwangiu, Daejeon, Ulsan.) and Seoul. Analyzing period be formed over a 57 time points(2005. 01~2009. 09). In this paper the dependent variable setting up the households' monthly average income, explanatory (independent) variables are composed of the consumer price index, employment to population ratio, Index of housing sale price, the preceding composite index, loans of housing mortgage, spending rate for care medical expense and the composite stock price index. In looking at the factors which determine the monthly average income, evidence was produced supporting the hypothesis that there is a significant positive relationship between the composite index and housing loans. The study also produced evidence supporting the view that there is a significant negative relationship between employment ratios, the house sale pricing index and spending rates for care or medical needs. The study found that the consumer price index and composite stock price index were not significant variables. The implications of these findings are discussed for further research.

Effect of Home Network on Housing Selection (홈네트워크가 주택선택에 미치는 영향)

  • Chung, Jae-Ho;Cho, Su-Hee
    • The Journal of the Korea Contents Association
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    • v.7 no.7
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    • pp.144-152
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    • 2007
  • The home network service which has been set up in the high price residential-commercial composition building of high price is supplied in the general apartment plentifully recently. But it has been supplied without accurate grasp under the aim of the most up-to-date IT industry and the convenient characteristic of life. In this research we research the present condition of network service in domestic and analyze the recognition degree of network service and the need using survey method. We find that the recognition degree is very high and a main considerable factor to purchase a house. However they prefer to be supplied as option rather than as lump. The consumers are ready to pay an addition expense for home network. It explain that they expect considerably home network service and home network system should be developed as considering the various individual characteristics.

Purchase Behavior of Eyewear and Eyewear Design (안경 구매행태와 안경디자인)

  • Jang, Jun-Young;Kim, Dae-Nyoun;Choi, Byung-Jin
    • Journal of Korean Ophthalmic Optics Society
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    • v.12 no.4
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    • pp.23-27
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    • 2007
  • This research was conducted to assist with domestic eyewear industry to gain better understanding of manufacturing through study relationship between purchase behaviors and selecting elements such as design, brand, price, material and nation. Domestic consumers think that the most important factor is a design when they purchase eyeglasses regardless of kinds and brands of eyeglasses, and optometrists choose the eyewear design as a primary factor when they buy eyeglasses for display and sale. As a role of eyeglasses for fashion items increases, the interest of the eyewear design will be higher. Many optometrists have plans to import and make house brand. Some of them also would like to study eyewear design.

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2 Cropping systems using field crops in unheated plastic house at paddy field

  • Shin, Jung-Ho;Moon, Jin-Young;Song, Jae-Ki;Choi, Yong-Jo;Hong, Kwang-Pyo
    • Proceedings of the Korean Society of Crop Science Conference
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    • 2017.06a
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    • pp.279-279
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    • 2017
  • In Korea, the single span unheated plastic house cultivated crops from autumn to spring of the following year, removed the plastic film and frame, cultivated rice, set up a plastic house again and cultivated crops. The crops in the greenhouse are utilized mainly for the production of leaf vegetables such as lettuce, leek, and fruit vegetables such as strawberry, watermelon, oriental melon, etc. and raising high income. Because, the production of these crops has characteristics requiring a lot of labor and it is difficult to produce horticultural crops at unheated plastic houses as the rural population ages. Therefore, we conducted a test to develop a crop planting system to cultivate crops in single span unheated plastic houses, although the utilization of labor is less than that of horticultural crops. The prior cropping cultivated three cultivars of sweet potatoes early, the second produced cultivated sweet potatoes, corn and soybeans. In the cultivation of the previous cropping, the sweet potatoes were harvested on the 113th day after planting on March 30th, the yield was 822 kg/10a for Pungwonmi, 1,377 kg/10a for Jinhongmi, 1,483 kg/10a for the Dahomi. Because of differences, the yield of Pungwonmi cultivar was less than that other cultivars and the yield of open field cultivations, we will expect further research. In the cultivation of the succeeding crops sweet potatoes were planted on July 27 and harvested 110 days later and investigated. The product yield of Pungwonmi cultivar was 1,024 kg/10a, and the Jinhongmi, Dahomi cultivars were not at economic level for sale and were necessary to review. In succeeding-crops, corn tested the Ilmichal cultivar, seeded on 27th July, harvested on October 11th. The day of silking was 45 days after sowing, the yield was 1,156 kg/10a, the goods rate was 100% level. The beans in the succeeding cultivation crop were sowed on 27th July, the early maturing of the varieties coming to Hwangeumol and Saeol cultivar, on 17th October, the late maturing soybean Daewonkong cultivar were harvested on October 21st. The yield of early maturing two cultivars was 214 kg/10a, Daewonkong was 257 kg/10a, and 100 seeds weight which were more than the early maturing beans were also heavy. When calculating these incomes price-wise according to the harvest time, we were able to consider the income in the order of corn, sweet potato and soybean from the second term crop. Various studies such as varieties, mulching method, moisture management, control environment management, etc. are considered necessary to develop cropping systems with sweet potato and field crops in future unheated plastic house.

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Estimating WTP for the reduction of disamenity in the Seoul Metropolitan Area Landfill site using the Hedonic Pricing Model (헤도닉가격모형을 이용한 수도권매립지 유발 비효용(disamenity) 감소에 대한 지불의사액 추정)

  • Kang, Heechan
    • Environmental and Resource Economics Review
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    • v.29 no.3
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    • pp.335-362
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    • 2020
  • Using the Hedonic pricing model using Box-Cox transformation, this paper estimated the marginal effect (implicit price) of odors from landfill in the metropolitan area on housing prices and the willingness to pay for changes in certain odor conditions. This paper utilized the proximity from the landfill in the metropolitan area as a environmental variable, and analyzed the effect of various housing characteristic variables on the sale price of apartments within a radius of 5 km from the landfill. In particular, because odors factor have various heterogeneity, we applied hedonic price models instead of stated-preference methods with various types of functional forms through Box-Cox transformation, considering the heterogeneity of each region. Estimates show that the marginal value (implicit price) for the distance from the odor source was 0.227 to 0.533 depending on the function type of the estimated model. In addition, when other house factors are the same, the marginal willingness to pay for a distance of 1km from the odor source was calculated to be 16.79 to 51.76 thousand dollar depending on the type of function. Finally for the general Box-Cox model, the annual WTP was estimated to be 3,229dollar.