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Urban resettlement in residential redevelopment projects: considering desire to resettle and willingness to pay

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Abstract

In this study, we estimate the association of original residents’ resettlement preferences with demographic and socioeconomic characteristics of households matched with local development initiatives accounting for spatial structure and cluster effects. We develop theoretically driven empirical models of recent residential redevelopment projects within a South Korean metropolitan area. Multilevel analysis, categorical data models, and spatial data analysis are employed using survey data collected from former residents matched with secondary data. Results suggest that due to a higher likelihood of housing value increases after redevelopment projects, original residents are more willing to resettle. Additionally, original residents’ willingness to pay for the resettlement is associated with their economic status. Together with the collaboration among original residents, local or central government agencies, and redevelopment corporations, appropriate housing prices to reduce the original dwellers’ financial burden should be considered.

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Authors and Affiliations

  1. Department of Urban Engineering, Pusan National University, Geumjeong-gu, Busan, 609-735, South Korea

    Yeol Choi & Hyeong Jun Kim

  2. Department of Urban and Regional Planning, University of Wisconsin-Madison, 925 Bascom Mall, Madison, WI, 53706-1317, USA

    Hyun Kim & David W. Marcouiller

  3. Department of Recreation, Park and Tourism Sciences, Texas A&M University, 2261 TAMU, College Station, TX, 77843-2261, USA

    Kyle M. Woosnam

Authors
  1. Yeol Choi
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  2. Hyun Kim
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  3. Kyle M. Woosnam
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  4. David W. Marcouiller
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  5. Hyeong Jun Kim
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Correspondence to Hyun Kim.

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Choi, Y., Kim, H., Woosnam, K.M. et al. Urban resettlement in residential redevelopment projects: considering desire to resettle and willingness to pay. J Hous and the Built Environ 31, 213–238 (2016). https://doi.org/10.1007/s10901-015-9453-6

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  • DOI: https://doi.org/10.1007/s10901-015-9453-6

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