An application of the urbansim land price model in yongsan-gu, Seoul, Korea

Yongjin Joo, Mohammad Mehedy Hassan, Chulmin Jun

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


The land price model in Yongsan-gu aims to assist the development of an integrated land-use and transport model for Seoul city. The simulation software and modelling approach used is UrbanSim, which is comprised of a number of models. One of these models is the land price model. Factors that affect land prices in urban areas are analyzed, categorized and used to explain spatial differences at 150 m × 150 m grid cells in Yongsan-gu by employing a hedonic regression model. The current model is part of the data development of an UrbanSim model for Seoul city. The data preparation, estimation and modelling results are described in this working paper. This paper hopes to contribute to developing an agent-based large scale land-use and transport model in Korea and surrounding countries.

Original languageEnglish
Pages (from-to)15-24
Number of pages10
JournalInternational Journal of Urban Sciences
Issue number1
StatePublished - Apr 2011


  • Hedonic regression model
  • Untegrated land-use and transport models
  • Urbansim


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