The purpose of this study is firstly to verify that the view and story which are environmental and/or amenity factors, have an effect on the price of Han-riverside apartments through the sales comparison approach, secondly to provide raw data in measu...
The purpose of this study is firstly to verify that the view and story which are environmental and/or amenity factors, have an effect on the price of Han-riverside apartments through the sales comparison approach, secondly to provide raw data in measuring real selling price of those apartments and thirdly to propose the necessity of adaptation of utility ratio per story considering view factor when estimating standard price for taxation. Among apartment complex located in adjacent north riverside highway, which inhabitants can overlook the Hanriver in their living room, the real sale prices of 204 apartment units sold out during the3/4 of 2002 were used. We found that there were the big difference between the calculated table figures of utility ratio per story with without considering view factor like the good view of Hanriver. The standard price as a taxing standard has been used when assessing tax on real estate, especially here on apartment, in Korea, however it is inevitably needed that this taxing standard should converge to real market price. Now is the time to change calculating method of the standard price into the substantial and real calculating method considering both story and view factors.