Abstract
An empirical study on the intention of resettlement was conducted for original inhabitant of the redevelopment project. First, the results of the cross-analysis of the intent of resettlement are as follows. The lower the age of household owners, the higher the number of household members, and the shorter the period of housing ownership, the higher the percentage of resettlement. This reflects the result that the higher the age of the household owner, the lower the number of household members, the older the household members such as one or two people, and the longer the housing period, the more likely the older the household members prefer single-family houses to apartments according to redevelopment projects. The higher the monthly income, the higher the assets held, the greater the number of multi-family houses, apartments, and commercial houses, the larger the size of residential houses, and the larger the area of residential housing, the higher the rate of resettlement. This is believed to be the result of choosing short-term capital gains from the sale price of the members and long-term capital gains from the improvement of the residential environment rather than the burden of paying additional contributions to the greater the economic assets of original inhabitant. Second, logistic regression results regarding the intention of resettlement are as follows. In the household characteristics model, the size of the assets and in the housing characteristics model, the length of residence and the type of residential housing had a greater influence on resettlement than other variables. And in the original inhabitant characteristic model, the variables of the household owner's age, the monthly income of the household owner, the type of residential housing, and the land area of the residential house were significant, and the lower the household owner's age, the greater the monthly income of the household owner, the higher the appraised value, the greater the greater the residential housing site, the more the positive the resettlement of original inhabitant. This study reaffirmed that the resettlement rate of redevelopment projects depends entirely on the additional share of expense of redevelopment syndicate members.
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More From: Journal of the Korea Real Estate Management Review
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