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- W2468367906 abstract "When a housing developer’s bankruptcy causes a refund to the buyer of an advance payment on a pre-sale residential unit to be paid by the Korea Housing Guarantee Co., Ltd. (which guarantees such payments), the KHGC will take over the housing development site and complete the project in question or resell it at public auction. This study investigates the factors that determine the selling price of such sites at public auction. We fit multiple regression specification to find those determining factors. The result of our empirical analysis is that these factors include the following: location, total number of housing units, gross area of the retail portion of a project, the ranking of the contractors, the number of rounds in the final auction, the six-month average interest rate of a 90-day-to-maturity certificate of deposit, and the average discount rate of the three immediately preceding winning bids." @default.
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- W2468367906 date "2012-01-01" @default.
- W2468367906 modified "2023-09-26" @default.
- W2468367906 title "An Empirical Analysis of Selling Prices for Refunded Residential Sites" @default.
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