Housing Market Response to Public Housing Projects in Seoul: The Case of National Rental Housing and Affordable Chonsei Housing

2017 ◽  
Author(s):  
Jeongseob Kim ◽  
Jun Kim
Keyword(s):  
Housing Market ◽  
Public Housing ◽  
Rental Housing ◽  
Market Response ◽  
Housing Projects

Neighborhood effects of housing program using Jeonse in Korea

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sungjin Yun
Keyword(s):  
Housing Market ◽  
Public Housing ◽  
Neighborhood Effects ◽  
Negative Impact ◽  
Rental Housing ◽  
Hierarchical Linear Model ◽  
Hedonic Price ◽  
Housing Program ◽  
Content Type ◽  
Tenure System

Purpose This study aims to introduce the Youth Jeonse Rental Housing Program using the unique characteristics of the Korean housing market to explain its theoretical value in the current theoretical landscape of public housing and to identify the effect of the program on the regional housing price. Design/methodology/approach This study uses three hedonic price models on the basis of Korea’s housing market, namely, own, jeonse and rent models. Moreover, it uses the hierarchical linear model to include both house- and region-level variables. Findings Analysis shows that youth rental housing has no effect on falling prices in the region unlike long-term rental housing. Thus, the policies using regional tenure system are more effective in the social mix than existing public housing policies. Originality/value This study introduces the program using Korea’s unique tenure system called jeonse, arguing its advantages for the supplier, recipients and regional neighborhoods. Suppliers can easily provide affordable housing at a low economic and administrative cost, whereas recipients can easily mix socially, have broad housing choices and a fighting chance for a stable life. Additionally, this policy has a low negative impact on the region. Furthermore, this study theoretically presents the potential for mixed paths other than demand or supply policies. It introduces and analyzes special policy objectives for youth housing problems.

THE MAIN DIRECTIONS OF SOLVING THE SCIENTIFIC PROBLEM OF FORMING AND EVALUATING THE VALUE OF A PROFESSIONAL PORTFOLIO OF RENTAL HOUSING

2021 ◽  
Vol 1 (175) ◽  
pp. 12-23
Author(s):  
S.G. Sternik ◽  
◽  
M.A. Lavrentyev ◽  
Keyword(s):  
Housing Market ◽  
Financial Management ◽  
Institutional Environment ◽  
Rental Housing ◽  
Market Development ◽  
Value Management ◽  
Market Prices ◽  
Housing Projects ◽  
Theoretical Substantiation ◽  
Housing Value

The article presents a comparative fundamental and statistical analysis and forecast of the professional rental housing segment development in Russia. According to the authors, the rental housing market development and the growth of its capitalization will lead to the reduction of system risks of the Russian market by limiting the volatility of housing market prices. Thus, the development of professional rental business, including companies with state participation, may become a promising direction in the new institutional environment. After researching factors that limit the development of the professional rental housing and evaluation of the influence of rental business on the housing markets, the authors make some proposals for stimulating rental segment of the market. Development of the professional rental business requires solving such scientific problems in the sphere of evaluation of housing development projects and financial management of economic entities’ as: theoretical substantiation of approaches to form and evaluate rental housing value, development of methodological tools and practical recommendations on value management of rental housing projects portfolio.

Post-occupancy evaluation of urban public housing in Korea: Focus on experience of elderly females in the ageing society

2018 ◽  
Vol 29 (3) ◽  
pp. 372-388
Author(s):  
Sun-Young Rieh
Keyword(s):  
Public Housing ◽  
Nuclear Family ◽  
Rental Housing ◽  
Ageing Society ◽  
Elderly Individuals ◽  
Housing Projects ◽  
Post Occupancy Evaluation ◽  
Accessibility Issues ◽  
The Government ◽  
Flexible Application

Female elderly individuals make up the majority of public housing residents. Inappropriate guidelines have been neglecting their differentiated needs and this has been negatively affecting their quality of life in public housing. Recognizing the specific needs of female seniors is a key to successful provision of public housing by the government because the proportion of female seniors in public housing has been increasing. This research aims to assess urban public rental housing through post-occupancy evaluation of six housing projects that were developed by public housing authorities in Korea. Focusing on flexibility, safety, accessibility and support for care, questionnaires and interviews were conducted to provide gender-sensitive directions for public housing designs in an ageing society. There are four main findings: (i) The nuclear family-oriented floor plan needs to be changed to provide flexibility reflecting the diverse lifestyles of one or two member residents. (ii) The life safety guideline that assumed housing is mainly catered for healthy young residents would need major revision. (iii) Accessibility issues would need to consider the presence of a caregiver and flexible application, depending on the lifecycle of elderly individuals. (iv) The support for care with a complicated smart home system would need improvement.

Users Satisfaction Of Public Housing Projects In Libya

2018 ◽  
pp. 233
Author(s):  
Huda Mohamed Elathtram ◽  
Mohammed Ramadan Almousi ◽  
Mahmed Wali Abdalgader Alsharef ◽  
Arch Basheer Musbah Khalifa Alnnaas
Keyword(s):  
Public Housing ◽  
Housing Projects

Viewscapes and Flood Hazard: Coastal Housing Market Response to Amenities and Risk

2008 ◽  
Vol 84 (3) ◽  
pp. 434-448 ◽  
Author(s):  
O. Bin ◽  
T. W. Crawford ◽  
J. B. Kruse ◽  
C. E. Landry
Keyword(s):  
Housing Market ◽  
Flood Hazard ◽  
Market Response

scholarly journals Inclusionary Housing: An Evaluation of a New Public Rental Housing Governance Instrument in China

Land ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 305
Author(s):  
Juan Yan ◽  
Marietta Haffner ◽  
Marja Elsinga
Keyword(s):  
Housing Market ◽  
Affordable Housing ◽  
Local Governments ◽  
Rental Housing ◽  
Analytical Framework ◽  
Point Of View ◽  
Policy Implications ◽  
Research Approach ◽  
Inclusionary Housing ◽  
The Cost

Inclusionary housing (IH) is a regulatory instrument adopted by local governments in many countries to produce affordable housing by capturing resources created through the marketplace. In order to assess whether it is efficient, scholarly attention has been widely focused on its evaluation. However, there is a lack of studies evaluating IH from a governance perspective. Since IH is about involving private actors in affordable housing production, the governance point of view of cooperating governmental and non-governmental actors governing society to achieve societal goals is highly relevant. The two most important elements of governance—actors and interrelationships among these actors—are taken to build an analytical framework to explore and evaluate the governance of IH. Based on a research approach that combines a literature review and a case study of China, this paper concludes that the ineffective governance of Chinese IH is based on three challenges: (1) The distribution of costs and benefits across actors is unequal since private developers bear the cost, but do not enjoy the increments of land value; (2) there is no sufficient compensation for developers to offset the cost; and (3) there is no room for negotiations for flexibility in a declining market. Given that IH is favored in many Chinese cities, this paper offers the policy implications: local governments should bear more costs of IH, rethink their relations with developers, provide flexible compliance options for developers, and perform differently in a flourishing housing market and a declining housing market.

‘Excavating’ Pruitt-Igoe using space syntax

2021 ◽  
Vol 25 (1) ◽  
pp. 55-68
Author(s):  
Mark David Major
Keyword(s):  
United States ◽  
Twentieth Century ◽  
Public Housing ◽  
Social Housing ◽  
Space Syntax ◽  
Modern Architecture ◽  
Housing Authority ◽  
Housing Project ◽  
Housing Projects ◽  
Charles Jencks

Pruitt-Igoe, in St Louis, Missouri, United States, was one of the most notorious social housing projects of the twentieth century. Charles Jencks argued opening his book The Language of Post-Modern Architecture, ‘Modern Architecture died in St Louis, Missouri on July 15, 1972 at 3.32 pm (or thereabouts) when the infamous Pruitt-Igoe scheme, or rather several of its slab blocks, were given the final coup de grâce by dynamite.’ However, the magazine Architectural Forum had heralded the project as ‘the best high apartment’ of the year in 1951. Indeed, one of its first residents in 1957 described Pruitt-Igoe as ‘like an oasis in a desert, all of this newness’. But a later resident derided the housing project as ‘Hell on Earth’ in 1967. Only eighteen years after opening, the St Louis Public Housing Authority (PHA) began demolishing Pruitt-Igoe in 1972 [1]. It remains commonly cited for the failures of modernist design and planning.

scholarly journals Online rental housing market representation and the digital reproduction of urban inequality

2019 ◽  
Vol 52 (2) ◽  
pp. 449-468 ◽  
Author(s):  
Geoff Boeing
Keyword(s):  
Housing Market ◽  
Smart Cities ◽  
Rental Housing ◽  
Search Costs ◽  
Poverty Rate ◽  
The Internet ◽  
Urban Inequality ◽  
The Usa ◽  
Housing Search ◽  
Rental Housing Market

As the rental housing market moves online, the internet offers divergent possible futures: either the promise of more-equal access to information for previously marginalized homeseekers, or a reproduction of longstanding information inequalities. Biases in online listings’ representativeness could impact different communities’ access to housing search information, reinforcing traditional information segregation patterns through a digital divide. They could also circumscribe housing practitioners’ and researchers’ ability to draw broad market insights from listings to understand rental supply and affordability. This study examines millions of Craigslist rental listings across the USA and finds that they spatially concentrate and overrepresent whiter, wealthier, and better-educated communities. Other significant demographic differences exist in age, language, college enrollment, rent, poverty rate, and household size. Most cities’ online housing markets are digitally segregated by race and class, and we discuss various implications for residential mobility, community legibility, gentrification, housing voucher utilization, and automated monitoring and analytics in the smart cities paradigm. While Craigslist contains valuable crowdsourced data to better understand affordability and available rental supply in real time, it does not evenly represent all market segments. The internet promises information democratization, and online listings can reduce housing search costs and increase choice sets. However, technology access/preferences and information channel segregation can concentrate such information-broadcasting benefits in already-advantaged communities, reproducing traditional inequalities and reinforcing residential sorting and segregation dynamics. Technology platforms like Craigslist construct new institutions with the power to shape spatial economies, human interactions, and planners’ ability to monitor and respond to urban challenges.

Sign in / Sign up

Export Citation Format

Share Document