Abstract

This study aims to identify the factors that determine the housing price for each stage of the time phased redevelopment project difference for apartment houses in the same area, targeting the redevelopment project area, Noryangjin New Town District 1, in Seoul. From January 2006 to December 2020, the actual transaction price of transactional housing was extracted and statistically significant variables were set, and an empirical analysis was performed using the hedonic pricing model. As a result of the analysis, it was found that the road interface had a positive (+) effect on the home sales price, and a lot area, years passed and period of contract had a negative (-) effect. The fact that the land area has a negative (-) effect on the housing price is related to the provisions of the provision of housing pre-sale to members. In the case, period of contract and years passed, it is judged to have a negative (-) effect due to a decrease in real estate prices and a recent increase in home sales prices as the project progress is delayed. In addition, the magnitude of the relative influence on the home sale price was in the order, period of contract (-0.684), a lot area (-0.463), road junction (0.192), and years passed(-0.094).

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