This paper evaluates housing policy in the Republic of Korea over the past several decades, describes new challenges arising from the changing environment, and draws lessons for other countries. The most important goals of the housing policy have been to alleviate housing shortages and to...

East Asia, which houses 22% of the total world population, has been experiencing an explosive and sustained output growth in the post World War II era. Besides the rapid economic growth, the region is also characterized by a high population density, with a density of 350 persons per square mile,...

The objective of this study was to uncover the critical success factors that have significant value-added impacts on corporate acquisitions in the lodging industry. Specifically, this study attempted to systematically discover evidence about the determinants of a successful pre-acquisition...

This paper seeks to explore how the relationships among interest rates, user cost of capital and housing price dynamics vary across countries with different mortgage financing arrangements and housing supply systems. The paper starts with a survey of the theoretical and empirical literature on...

This paper tests the dynamics implied by a supplied-constrained view of the relationship between market fundamentals and house prices in the case of Seoul's housing market. The view is that supply constraints have led to serious shortages in certain submarkets, and that these shortages have led...

Shelter is a necessity of life and the building block of cities. Cities cannot be inclusive without affordable housing near transportation, jobs, and necessary public services like safety, health care, and education. Housing is the most important asset for the majority of households and anchors...

This paper evaluates housing policy in the Republic of Korea over the past several decades, describes new challenges arising from the changing environment, and draws lessons for other countries. The most important goals of the housing policy have been to alleviate housing shortages and to...

This paper is a study of the dynamic relationship between residential land values and house prices. Little agreement exists regarding the direction of causality between house prices and residential land values. One could argue that causality is unidirectional, running from house prices to...

This paper analyses the effects of government controls over land supply on housing in the rapidly growing cities of Korea. Whilst Korea's urban population more than doubled in the period 1973-88, urban land for residential use grew by only 65 per cent. The result has been extremely rapid rises...

Financing issues received major attention in the discussions of human settlement development policy through the preparatory process for Habitat II and at the Conference itself. This paper presents an overview of the existing knowledge and policy experience in housing finance and urban...