The purpose of this paper is to analyse the effect of a buyer on commercial land sale price in land development project in Seoul. This paper adopts hedonic price equation as methodology. Findings are as follows. First, it is revealed that individual, ...
The purpose of this paper is to analyse the effect of a buyer on commercial land sale price in land development project in Seoul. This paper adopts hedonic price equation as methodology. Findings are as follows. First, it is revealed that individual, construction company and general company are important buyers in order. Second, it is statistically significant that buyer has an effect on land sale price. This study is helpful to land developers as the first step for commercial land buyer's behavior in land development project.