후분양제도 도입에 따른 주택재건축사업의 사업성 비교 연구 - 서울시를 중심으로

A Study on the Feasibility of Housing Rebuilding Projects under the Post- Construction Sales System -Case of Seoul -

&nbsp;&nbsp;1. CONTENTS<BR>&nbsp;&nbsp;(1) RESEARCH OBJECTIVES<BR>&nbsp;&nbsp;This study aims to find out profitability index by analyzing two different housing sales systems indicating the pre- and the post-construction sales systems in housing rebuilding projects. By doing this, it is clarified that there is a significant difference between two systems in terms. of a profit after the completion of the project.<BR>&nbsp;&nbsp;(2) RESEARCH METHOD<BR>&nbsp;&nbsp;NPV(Net Present Value)<BR>&nbsp;&nbsp;(3) RESEARCH RESULTS<BR>&nbsp;&nbsp;This study showed the difference of the profitability indexes between two different housing sales systems, that is, 1.25 under the post-construction sales system and 1.17 under the pre-construction sales system. This means that the housing rebuilding project under the post-construction sales system is less profitable than the other.<BR>&nbsp;&nbsp;2. RESULTS<BR>&nbsp;&nbsp;This study shows that the housing rebuilding project under the post-construction sales system is disadvantageous in making profit. This result implies that the sale price of housing under the post-construction sales system should be increased to 11 % in order to maintain the same level of profit under the pre-construction sales system.