OH, Saejoon
October 2019
International Journal of Strategic Property Management;2019, Vol. 23 Issue 4, p256
Academic Journal
Recently flatted factories have drawn attention as investment goods from developers and investors. The strengths and merits of these investments are that they are low priced and less strictly regulated. The purpose of this study is to empirically analyse the factors affecting the price of flatted factories by using the real transacted sales prices of 785 flatted factory units in Seoul and Gyeong-gi Province, Korea. A Hedonic Price Model (HPM) is employed for the study. The result finds that the price of flatted factories is affected by various factors: Location, Property, and Unit characteristics. In addition, the result outlines that flatted factories have commercial and industrial characteristics of both office buildings and factories. The result confirms that flatted factory price is affected by both industrial transportation accessibility and local transportation convenience. It also finds that property characteristics, such as gross area, age of the building, ratio of amenity facilities, core location, and parking space count are significant factors affecting the value. Moreover, the availability of floor level and two balcony unit types significantly relates to the price. Based on the results, it is also verified that the price of flatted factories is affected by factors similar to those of apartments or office buildings. This means that price decision factors of commercial and residential properties should be considered.


Related Articles

  • Untitled. Auterac, Richard // EG: Estates Gazette;2/1/2014, Issue 1356, p05a 

    The article reports on a study from the IPD/Acuitus cPad Auction Market Flash which analyzes the British commercial properties sold at auction in December 2013. It reports that the prime yield for properties was at 6.6 percent, while the secondary yield stood at 10.4 percent. It reveals that the...

  • The Lovely Bones. Wolff, Rachel // New York;10/8/2007, Vol. 40 Issue 37, p72 

    The article reports on several unique real estate properties for sale in New York City, all of which require renovations. Photographs, locations, descriptions, costs, and estimated renovation costs are provided for each property. Properties include a three level Victorian home, a former...

  • Healthy real estate sector seen, despite housing ebb. McLean, Mike // Journal of Business (10756124);12/21/2006, Vol. 21 Issue 26, pB7 

    The article reports on the sales of residential and commercial real state in Spokane, Washington which are expected to remain strong in 2007. Though the sales of area homes in the first 11 months of 2006 were about 5.4 percent behind 2005 and the vacancy rate of class A office space falls to...

  • Betting on Buildings. Lindsay, Nicole // Forbes Asia;Feb2016, Vol. 12 Issue 2, p069 

    The article discusses the attractiveness of property development and investment as a business endeavor in Australia as of February 2016. Among the factors that attract foreign investors to invest in shopping malls, office buildings, and residential developments are the record-low interest rates...

  • Deals.  // EG: Estates Gazette;3/26/2005, Issue 512, p208 

    Presents a list of completed real estate transactions in England as of March 26, 2005. Details of several retail property deals; List of real estate investments in Manchester; Information on several transactions involving office spaces.

  • Untitled. Furber, Sophia // EG: Estates Gazette;3/22/2014, Issue 1363, p05 

    The article reports on the €30 million worth of a portfolio of offices in Dublin, Ireland that will be sold by CBRE Ireland on behalf of the Royal Bank of Scotland. Data presented shows the guide prices for the four office properties dubbed the Iveagh Collection. Information is provided on...

  • More than 100 acres in Eagle Mountain to be sold at bankruptcy auction.  // Enterprise/Salt Lake City;1/28/2013, Vol. 42 Issue 24, p3 

    The article reports that more than 100 acres of residential and commercial ground in Eagle Mountain, Utah will be sold during an auction to be conducted by Erkelens & Olson Auctioneers, Salt Lake City, Utah on February 12, 2013.

  • Top properties.  // Wenatchee Business Journal;Jan2007, Vol. 21 Issue 1, pC2 

    The article presents information on the top upper-end residential and commercial property sales in Chelan and Douglas counties as of December 2006. Information provided are location of property, names of sellers and buyers, price, dates and descriptions of properties. They include an apartment...

  • REALTY REAPS RETURNS. Chandler, Ainslie // BRW;8/7/2008, Vol. 30 Issue 31, p29 

    The article discusses various aspects of investing in commercial and residential properties in Australia. A survey from the Australian Direct Property Investment Association showed that direct property investment has averaged annualized returns of more than nine percent for two decades. Among...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics