미분양 APT를 활용한 자산유동화 연구

Study for ABS of Unsold Apartment Before Completion

1. CONTENTS (1) RESEARCH OBJECTIVES This paper suggest salvation of "ABS for unsold apartment before completion". (2) RESEARCH METHOD This paper suggest salvation of "ABS for unsold apartment before completion". There are described reason as below why necessity of suggesting this salvation, this salvation making it easy for financing of housing constructors and very effectively alternative salvation for cleaning stacking of unsold apartment. (3) RESEARCH FINDINGS There are two reason for necessity of ABS of unsold apartment. First, feature of less liquidity for unsold apartment because of high-price real estate and feature of less comparative advantage than sold apartment make difficult to liquidate. It is necessity to ABS for overcoming those feature and commercialization. Second, because housing constructors have many difficulty in liquidity crisis, there is a need for diversify financing. It is possible for ABS to be a good method for salvation in capital market. 2. RESULTS As a result "ABS of unsold apartment before completion" is effective required salvation for supporting liquidity to housing constructors and more expected to activate than after-made sales of housing, so it is more accelerating real asset financing. But we need more background condition like as government fiscal supporting and housing market for setting ABS of unsold apartment in market. 3. KEY WORDS ABS, Housing Construction, Korea Housing Guarantee Co. Ltd,