Abstract
Over the years, one of the hotly debated issues in the Korea Planning Association is whether residential density control is socioeconomically justifiable. The proponents for densification argue that density control is not only egregiously inefficient, inequitable, and sprawling, but also may widen the income gaps and asset positions of property owners and renters, even threatening the very system of private property ownership in Korea. However, one of the missing arguments is whether such a proposition would continue to hold when considering the environmental degradation of the densified portions inside Seoul. Another issue in question against deregulation is whether the supply prices of houses should include the cost of land. We formally show that the supply price of house should not include land cost and that density control would continue to be problematic even when the cost of landscape degradation in considered.
| Translated title of the contribution | Binding Density Control and the Examination of the Costs and Benefits : The Case of Apartment Complexes in Seoul |
|---|---|
| Original language | Korean |
| Pages (from-to) | 44-59 |
| Number of pages | 16 |
| Journal | 국토계획 |
| Volume | 56 |
| Issue number | 5 |
| DOIs | |
| State | Published - Oct 2021 |