Segmentation of the housing market and its determinants: Seoul and its neighbouring new towns in Korea

Kabsung Kim; Juyoung Park

doi:10.1080/00049180500150019

Segmentation of the housing market and its determinants: Seoul and its neighbouring new towns in Korea

Kabsung Kim, Juyoung Park

Department of Urban Planning and Engineering

Research output: Contribution to journal › Article

18 Citations (Scopus)

Abstract

This study identifies the spatial pattern of housing price changes and their determinants in Seoul and its neighbouring new towns. The results of a cluster analysis show that the spatial pattern of housing price change rates is nor correlated with housing prices. It is found that housing price change rates vary with the Chonse price index and money supply, building permit area, stock price index, and yield on 3 year corporate bonds. It is also shown that the more apartment units that are built in a region, the lower the housing price change rate.

Original language	English
Pages (from-to)	221-232
Number of pages	12
Journal	Australian Geographer
Volume	36
Issue number	2
DOIs	https://doi.org/10.1080/00049180500150019
Publication status	Published - 2005 Jul 1

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All Science Journal Classification (ASJC) codes

Geography, Planning and Development
Earth-Surface Processes

Cite this

Kim, K., & Park, J. (2005). Segmentation of the housing market and its determinants: Seoul and its neighbouring new towns in Korea. Australian Geographer, 36(2), 221-232. https://doi.org/10.1080/00049180500150019

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Access to Document

10.1080/00049180500150019