Measuring the effect of greenbelt proximity on apartment rents in Seoul

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• 作者：Myung-Jin Jun^a ; ^{mjjun1@cau.ac.kr} ; Hee-Jae Kim^b ; ^{irex1@naver.com}
• 关键词：Greenbelt ; Apartment rent ; Spatial hedonic price model ; Seoul
• 刊名：Cities
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：62
• 期：Complete
• 页码：10-22
• 全文大小：1679 K
• 卷排序：62

文摘

To examine how the implicit value of the amenity by Seoul's greenbelt (GB) is reflected in apartment rents in Seoul The marginal implicit value of decreasing the distance to the GB by one kilometer yields about a $34 drop in monthly rent The finding is possibly explained by the centripetal residential location pattern in Seoul