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허장식 ( Jang Sig Heo ) 한국감정평가학회 2007 감정평가학논집 Vol.6 No.2
This study tried to analyze the factors determining land price in golf course by type. The object of this study is all golf courses opened nationwide and is limited to microscopic analysis which mainly concentrates on influences of site forces on market value. This study divided into two groups, private courses and daily fee courses. Statistical analysis was conducted by using hedonic price function. This study used DPI(distance-population index) which is the sum of numbers result from division of the population of cities nationwide by distance(km) from each city to golf courses. As a result of analysis, significant factors selected are as follows ; DPI, whether the golf course is located within the metropolitan area or not, zoning, rate of development area, total length of golf course, greens fee for non-members, annual sales, service years after completion for private courses ; DPI, whether the golf course is located within the metropolitan area or not, zoning, total length of golf course, greens fee for non-members, annual sales for daily fee courses. DPI was a significant common factor on all type of models at 1% level of significance.
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