Abstract

This study used the Hedonic model to help introduce and establish a system to realize the official price of non-residential real estate medium and large office buildings, and based on previous studies, it selected transaction characteristics, location characteristics, and building characteristics as dependent variables. As a result of hypothesis verification, all three hypotheses related to transaction characteristics, three hypotheses related to location characteristics, and four related to building characteristics were adopted. Among the transaction characteristics, the factors adopted as determinants of the office building realization rate were sales price, 3 years of treasury bonds, 1 transaction number, and 2 transactions. Among the location characteristics, it was identified as more than 500m of land area, GBD, YBD, CBD, Others, subway station, and 20m of commercial area, roadside, and access road. In the case of building characteristics, a total of 19 factors were adopted as the floor area ratio, total floor area, total number of floors, rectangular, irregular, and less than 30 years of construction year. Since the variables adopted in this way are the main factors related to the determining factor of the official price realization rate of medium and large office buildings, it is expected that the third stage of non-residential real estate public price unification can be accelerated.

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