This research is about the Study on the Characteristics of a Changes of Neighboring Commercial Land Price caused by the Multi-Complex Station. Recently, several cities including Seoul make a plan a large-scale ‘Multi-Complex Station’ development a...
This research is about the Study on the Characteristics of a Changes of Neighboring Commercial Land Price caused by the Multi-Complex Station. Recently, several cities including Seoul make a plan a large-scale ‘Multi-Complex Station’ development as a means of Urban regeneration.
This newly established Multi-Complex Station is not only the function of an easily approachable house, but it makes possible to maximizing creation of the value added through a major role of the downtown function such as an increase of living benefit, a guidance of community development, an improvement of surroundings, etc.
However, various negative ripple effect are expected regarding the existing near-station location’s commercial rights on the positive evaluation backside too.
Reduction and transformation of subway station influence area by absorption of commercial rights demand would hurt the local economy.
Because the occurrence of commercial supply to have had various functions such as various convenience facilities and shopping/leisure facilities can break the balance.
But It is true that consideration regarding a range change of commercial rights by development of the multi-complex station is not enough and not studied.
Therefore, the purpose of this study is to examine the changes of the land price of commercial facilities by development .
The result which observe by changing rate of land price, since 2004 when the consent is completed construction permit, the changing rate of land price increases gradually.
After developing of Multi-Complex Station, the changing rate of land price becomes the minus. Expectancy of developing of Multi-Complex Station increased land price. But after developing, reducing of expectancy decreased land price. And the price of land rise is bigger where is close by the principal road than where escapes in the back road. We are confirmed a twice increased land price. It is causative of oftheinfluxofthecommercialfacilitythatdevelopingMulti-ComplexStationbecomeincreasingofthefloatingpopulation.Theconsumerphenomenonsurveytousemorewhereisclosebytheprincipalroad.
After developing, the result which executes a analysis of land price changing per distance and the area indicated with changing land price per distance is more elasticity. But changing land price per area wasn’t .
This paper used the declared land value in commercial area to find out economical ripple effects by private-invested station. But for more accurate analysis, it will be necessary not only declared land value, but also rent. Also it will be necessary to use economical ripple effects by unit main use, the number of floors, the number of people who are using place and a respective behavioral data on people who are using neighborhood place as variable.
We can analyze more accurate economical ripple effects by private-invested station development, through the case that a private-invested station is established beside a existing station, not to establish a private-invested station at existing station place.