Research

Featured Peer-Reviewed Article

Gu, H.* (2024). Differential Impacts of Urban Revitalization Projects on Land Prices: A Case Study of Seongnam, South Korea. Cities, 154, 105256. https://doi.org/10.1016/j.cities.2024.105256

Highlights

• Differential impacts of urban revitalization initiatives on land prices are analyzed

• Spatial hedonic method is used to identify such differential economic effects of urban revitalization projects

• Urban renewal initiatives do not directly increase net land utility

• Urban regeneration initiatives are found to increase land utility

• This study reveals ways to maximize land resource use and promote revitalization in cities