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A Study on the Effect of the Fire Safety of Office Building on the Building Asset Value
| Content Provider | Semantic Scholar |
|---|---|
| Author | 임동오 Joohyun, Cho Su, Keum Sang |
| Copyright Year | 2018 |
| Abstract | Received (February 21, 2018), Review Result (March 2, 2018) Accepted (April 6, 2018), Published(May 31, 2018) 13120 Graduate student, Dept. Fire & Disaster Protection Engineering, Gachon Univ., Seongnam-daero, Sujeong-gu, Seongnam, Korea email: ceodolko@hotmail.com 05029 Professor, Dept. Real Estate Studies, Konkuk Univ., Neungdong-ro, Gwangjin-gu, Seoul, Korea email: j3586@hotmail.com 3(Corresponding Author) 27136 Professor, Dept. Real Estate Studies, Semyung Univ., Semyeong-ro, Jecheon-si, Chungcheongbuk-do, Korea email: sskeum@gmail.com * 이 논문은 임동오의 건국대학교 부동산대학원 2016년 석사학위논문을 수정·재정리한 것임. A Study on the Effect of the Fire Safety of Office Building on the Building Asset Value Copyright c 2018 HSST 24 According to the previous studies, the rent determinants of the office building included its physical properties such as architectural area, plottage, number of floors, height, elapsed years of construction, number of elevator units and locational characteristics such as distance to the subway station, frontage condition, number of main road lanes and the like. This study secured the fire safety level which has not been considered besides the physical properties and locational characteristics as the rent determinants of the office building. For the purpose of empirical analysis, this study made practical use of data on the physical and locational characteristics of 327 office buildings of more than 11 stories by zone in Seoul and data on their fire safety. Regression analysis for this study, like previous studies, showed that the rent was high for the office building which had large architectural area, height, and exclusive use rate, had short elapsed years since construction and short distance to the subway station. Furthermore this study newly showed that the low fire risk index led to higher fire safety and to the rent. There is a need to establish the information provision system for real transaction based on the fire safety class certification for each building which contribute to make a reasonable judgement of the investment value and use value of the building. |
| Starting Page | 23 |
| Ending Page | 32 |
| Page Count | 10 |
| File Format | PDF HTM / HTML |
| DOI | 10.35873/ajmahs.2018.8.5.003 |
| Volume Number | 8 |
| Alternate Webpage(s) | http://journal.hsst.or.kr/DATA/pdf/v8_5_3.pdf |
| Alternate Webpage(s) | https://doi.org/10.35873/ajmahs.2018.8.5.003 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
