베트남 아파트 가격 결정 요인 분석 : 호치민시 아파트를 중심으로 = An Analysis of Vietnam Apartment Price Characteristics : Focusing on the Apartment in Ho Chi Minh City

국문 초록 (Abstract)

영문초록 :We, Korean will increase the overseas investment because of the domestic construction economy recession and government regulations in real estate sector. Also, target countries have been widening from advanced countries to the emerging countries like China, India, and Vietnam. The definition of "Overseas investment" would be like this, Individual or Juridical Person living in domestic market invest domestic capital, technologies, and human resources to the oversea in order to gain a future profit. Therefore, "Oversea real estate investment" could be that to gain a future profit from the oversea real estate, Individual or Juridical Person living in domestic market invest domestic capital resources to the oversea real estate privilege. The Vietnam GNP has been growing more than 7 % every year and it will be continued because of government policies focusing on the national growing, invested from a foreign capital, and the transfer of the foreign technologies. The Vietnam real estate market was open from the period of 1990. At basic, the owner of the land is the national government. And the owner assign the using right to the Vietnamese. Many foreign construction companies including Korean have been investing on the Vietnam real estate market. And Vietnam government has tried to provide the good investment conditions. Also, the profit ratio will be expected to be increased. Especially, In the Ho Chi Minh City which is called 'the Capital of Vietnam Economy', the real estate market has been widening at the top ranking in Vietnam. So, Companies have to take interest on this city. Vietnamese Apartment will be categorized into two group. One is high level apartment targeting to the foreigner or the Vietnamese rich. the other is common level apartment targeting to the Vietnamese ordinary people. But both apartments have the similarities like complex building including housing and stores, 1 or 2 building in front of the road without garden and view. This article tries to analyse Vietnam apartment price characteristics focusing on the apartment in Ho Chi Minh City. The space range is Ho Chi Minh City, time range is from 1996 to present, and content range is all price of the those apartments. The basic statistical results are following : The sampling numbers are 274 house, apartment prices are from 252 to 2300(USD/m2), the private area are form 34m2 to 374m2, No preference to the direction of the house, And total rooms are average 4.63 including 1 living room, 1 rest room. The Hedonic price model results are following : In the individual factor of the apartment, the private area has the negative effect on the price per m2. And group factor of the apartment, the number of house has the positive effect, And environment factor, road condition to the downtown has the positive effect. Compared to the results of using same variables as former researches about Korean domestic apartment, the sameness and differences are like: First result using Korean variables, In the individual factor of the apartment, the private area has the slightly negative effect on the price per m2 as same as in Korea martket. And group factor of the apartment, the area of the apartment has the negative effect in opposit to the Korean Market. Also, the recently construction year has the positive effect on the price. And environment factor, the foreign school near the apartment has the positive effect same as Korean. Second result using Korean variables, total explanation has little persuasive power. But In the individual factor of the apartment, the private area has the slightly positive effect(0,01) on the price. And group factor of the apartment, Also, the recently construction year has no meaning. Only road condition to the downtown in environment factor has the positive effec same in Korea. Third result using Korean variables, Only the individual factor of the apartment has the meanings. But the persuasive power is too high like 97%. The higher the story is the higher the price. And if the building has 2 or 3 corners, the price of that house will be higher. The outputs of this article are like : First, this is the first article about the apartment in Ho Chi Minh city. and Second, using Korean domestic variables, analyse the apartment market in Ho Chi Minh city, and compare the sameness and the differences between two market. But, It also has many limitations, One of them is variables like view right, park, hatred facilities which has powerful meaning in Korea market but excepted in Vietnam market. Therefore, later researcher can consider those differences into the article. Second, using the same variables like Korean market, but it should be changed following the Vietnam market as Vietnamese school, The reputation of Vietnamese construction company etc. Last, separate the contents from the apartment market in Ho Chi Minh city to High level apartment and common level apartment