As the city grows and develops, some areas formed early should necessarily decline. Method for urban and housing environment renewal is utilized to maintain and strengthen the function of the city. Administration action as a legal process influences t...
As the city grows and develops, some areas formed early should necessarily decline. Method for urban and housing environment renewal is utilized to maintain and strengthen the function of the city. Administration action as a legal process influences the change of land price, and the cause and countermeasure of this change of land price are needed.
This study analyzes and compares the change of land price of Jung-gu in Daejeon between at 17 districts notified as a renewal district from 2005 to 2009 of 32 renewal districts and at whole areas in Jung-gu for the period. Also, It is used dummy regression analysis to analyze whether land characteristics, basic planning, circulation to residents , and notification renewal district influence the increase of land price in Jung-gu or not.
From 2005 to 2009, the increase rate of land price in Jung-gu was lower than that in Daejeon, but the increase rate of land price in housing redevelopment, residential environment renewal and urban environment renewal district was higher than average increase rate of land price in Jung-gu. As a result of analyzing the effect of legal administration action on land price, basic planning, circulation to residents, and notification as a renewal district influenced the change of land price of the redevelopment district. At some districts having a drastic increase of land price before redevelopment planning, each administration action controlled the land price, however, at other districts, each administration action influenced the increase of land price. Residential environment renewal and urban environment renewal district are not influenced by these administration action.
This research can be a basic data for urban maintenance planning and urban management policy.