The apartment housing market in Korea has been supplier-oriented market due to deep-seated shortage of supply. Price of apartment has skyrocketed since two years. Most people have bought apartment without consideration on price and quality. Some have ...
The apartment housing market in Korea has been supplier-oriented market due to deep-seated shortage of supply. Price of apartment has skyrocketed since two years. Most people have bought apartment without consideration on price and quality. Some have regarded it as way of speculation. Under such circumstances, apartment housing companies have enjoyed a good time.
But change on environment of housing market is coming. Recently, government took steps for stabilization housing market. And consumers don't put up with rising price of apartment any more. Some consumer-group have demanded for downing sales price of new apartment with reasonable data.
Housing companies should note the report of The Ministry of
Construction and Transfortation that the ratio of housing supply per a family will be 100.2% in 2002, Recently, there are severe competitions for leading company inside housing companies. With new marketing and new strategy, they try to raise value of their brand and make their customers feel good.
On this study, new marketing strategy is mainly considered as two aspects ; a unified marketing strategy and a specified marketing strategy against above change on housing market.
A unified marketing strategy is planed for long-term basis with raising value of brand which is connected brand-image, landmark apartment, and apartment complex(the same brand town).
In a specified marketing strategy, it is suggested that housing companies should emphasize competitive advantages what belong to targeted apartment. In Order to find out relative advantages, preparatory research about the area where apartment will be seated is needed by necessity. The competitive advantages cover convenient transport facilities, nearby shopping centers, high-leveled education environment, good views and competitive price.
Marketing by using Internet is another strategy. According to high increase of Internet user, the potential power of marketing in Internet is boundless. Housing companies should be much concerned about marketing joined Internet and use it with active and positive mind.