Abstract
We examined 15,446 single-family detached houses and 2,494 apartment houses in Saha-gu, Busan Metropolitan City, to see whether the accessibility to social overhead capital (living SOC), influences housing prices spatially. Living SOC represents different types of essential facilities. We divided houses into single-family detached houses and apartment houses to perform a more accurate analysis. We used a geographically weighted regression (GWR) model for local-level analysis with a 200-m grid and 400-m grid as spatial units to consider spatial effects. The GWR model explained the price variation better than an ordinary least squares (OLS) model. The results provide a variety of implications to consider when establishing a business-and-action plan based on living SOC.
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This work was supported by a 2-Year Research Grant of Pusan National University.
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Choi, Y., Jeung, I. & Park, J. Comparative Analysis of Spatial Impact of Living Social Overhead Capital on Housing Price by Residential type. KSCE J Civ Eng 25, 1056–1065 (2021). https://doi.org/10.1007/s12205-021-1250-z
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DOI: https://doi.org/10.1007/s12205-021-1250-z