This study intended to divulge what factors exercise significant impact on the apartment unit price in cheongju city. In specific, key factors were categorized from the three dimensions of housing unit, housing complex, and external housing complex.
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This study intended to divulge what factors exercise significant impact on the apartment unit price in cheongju city. In specific, key factors were categorized from the three dimensions of housing unit, housing complex, and external housing complex.
Housing unit dimension included variables such as size of housing unit, unit aspect, elevation of unit, duplex structure, and entrance structure. Housing complex dimension included such predictors as scale of complex, apartment brand, parking lot, time lapse, and heating method. Futhermore, distance of convenient facilities from apartment complex and integration coefficient are included in external housing complex dimension. Not like the related researches existing documents, it added an additional factor, integration value of major road toward the entrance of the apartment complex computed by space syntax. in the equations. Using the Space Syntax techniques, it sets up a basic road network in Cheongju. After that, it measured the degree of integration of the entrance road from the major passages.
This study employed hedonic pricing model to analyze the determinations of apartment unit price based on housing data derived from 322 apartment unit in cheongju city. As a result, the R square, explanatory power, of the model was 0.903. Among various variables showing statistical significant, time lapse was the most significant predictor. Other significant predictors are, in the order of statistical significance, heating methods, parking lot, apartment brand, and integration. Among distance variables, both distance from the elementary school and distance from the convenient stores were not statistically significant. In contrast, distance from the middle and high schools was statically meaningful.