A Study on the Effect of Resale Characteristics of Apartment Presale Rights on Apartment Sales Price

The government implemented a real estate policy regulating Finsens in units of each region by designating overheated speculation districts and areas to be adjusted according to the rise in housing prices. These regulated areas include consumer restraint policies. The purpose of this study was to examine the real estate policies related to the characteristics of pre-sale of apartments over a period of 6 years from January 2016 to December 2021, and to examine how these policies affected apartment sale prices by region. For the research method, the Hausmann fixed effect was used to examine the factors that have influence as well the changes according to the characteristics of real estate, macroeconomic characteristics, policy characteristics, and resale characteristics of real estate based on on nationwide and metropolitan area models, specifically the Daegu/Gyeongbuk, Booulgyeong, Chungcheong/Daejeon, and Gwangju/Jeonla models. For the statistical analysis, the model was assessed using the STATA17 version. Results showed it was possible to examine the policies affecting housing price stabilization among various government real estate policies, and to further examine the policies that manifested different results by region. These results should consider detailed customized policies for regions where the real estate market is overheated or where speculation is a concern.