This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Citation Map Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Add to My Marked Citations Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Google Scholar Articles by Hannah, L. Articles by Mills, E. S. Search for Related Content Social Bookmarking                   What's this?

Land Use Controls and Housing Prices in Korea

World Bank

Kyung-Hwan Kim

Sogang University, Korea

Edwin S. Mills

Kellog Graduate School of Management, Northwestern University, Leverone Hall, 2001 Sheridan Road, Evanston, lL 60108-2006, USA

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 in city residential land values, although the more dense use of residential land has offset some of this rise on house prices. A substantial part of the rise in house prices has resulted from the government's tendency to underallocate land to urban residential use, although part of the government's surplus is used to subsidise low-income housing within the same projects.

CiteULike    Connotea    Del.icio.us    Digg    Reddit    Technorati    What's this?

This article has been cited by other articles:

				R. M. Buckley and J. Kalarickal Housing Policy in Developing Countries: Conjectures and Refutations World Bank Res. Obs., September 1, 2005; 20(2): 233 - 257. [Abstract] [Full Text] [PDF]

				C.-H. C. Bae and M.-J. Jun Counterfactual Planning: What if there had been No Greenbelt in Seoul? Journal of Planning Education and Research, June 1, 2003; 22(4): 374 - 383. [Abstract] [PDF]

				M.-J. Jun and C.-H. C. BAE Estimating the Commuting Costs of Seoul's Greenbelt International Regional Science Review, July 1, 2000; 23(3): 300 - 315. [Abstract] [PDF]

				C.-H. Kim and K.-H. Kim The Political Economy of Korean Government Policies on Real Estate Urban Stud, June 1, 2000; 37(7): 1157 - 1169. [Abstract] [PDF]

				R. Y. C. Tse Housing Price, Land Supply and Revenue from Land Sales Urban Stud, July 1, 1998; 35(8): 1377 - 1392. [Abstract] [PDF]