Land use differentiation was implemented to improve the problem of mixed use of land due to rapid urbanization, but the job-housing separation brought up another side effects such as Doughnut phenomenon, slumming, traffic problems, air pollution, and ...
Land use differentiation was implemented to improve the problem of mixed use of land due to rapid urbanization, but the job-housing separation brought up another side effects such as Doughnut phenomenon, slumming, traffic problems, air pollution, and so on. In order to solve these problems, mixed-use development of land use mix has appeared.
The mixed-use development, which is one of mixed use of land, provides station-oriented development, job-housing proximity effects, convenience for public transportation access, and solves air pollution, traffic problems. It also enables one-stop systems that can do many things in one building, and provides a relaxing space through green spaces to enhance the satisfaction of life.
The benefits of these mixed use developments can be seen as land price in terms of economic benefits. In this study, a basic framework for understanding the spatial structure and analyzing the impact on the future real estate market will be provided by examining land prices. Mixed use development is being developed in various types. Therefore, in this paper, the mixed use development were separated into three types, such as residential, mall, and Private capital station, and then investigated the effects of each factors of mixed use development characteristics, location characteristic, traffic location characteristics, and individual land characteristics on the land price by multi-level regression analysis. Also, land price changes according to land use were examined.
The results of study are as follows. First, The effects on land prices were different according to the benefits of the mixed use development type. Among all three types of mixed use development, the mall type affects close distance land, and residential type affects far distance compare to a mall type and a close distance compare to private capital station type. And it was confirmed that the development of the Private capital station affects the furthest away. Second, land use mix index positively affected the land price when residential land use and the land price increased as the commercial ratio and business ratio were higher in all land uses. Third, in all land uses, land prices fell as the further the distance from civic center and increased as the further distance from the sub-civic center. Fourth, proximity of subways, bus stops and roads were found to have a positive effect on land price. Fourth, land prices fell as distance from subway, bus stop, and road became far. Lastly, apartments had higher land prices than other houses in residential land, while had higher land prices of office use land than commercial land in non-residential land. The flatland and road conditions were also found to have a positive influence on land prices.
These study result shows that Government the mixed use development types and land use should be considered because they affect the spatial structure depending on how the mixed use development is planned and deployed in urban planning. It also suggests that private developers could benefit from exploring development directions that take into account future regional changes and population density, in addition to the use structure and land use. Among the three types, the development of the Private capital station affected the widest range by the synergy effect such as the accessibility of traffic through the mixed development in Private capital station. These study results will make us to know how far the positive external effects will be turn up when the TOD is realized. Also, the different effects of mixed use development types on land prices could be used as a basis data for measuring future land use changes. A number of studies are deemed necessary to quantify land prices in order to predict the impact of the spatial structure formation and future real estate markets due to developments.