2021
DOI: 10.3390/buildings12010029
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Current Status of Old Housing for Low-Income Elderly Households in Seoul and Green Remodeling Support Plan: Economic Analysis Considering the Social Cost of Green Remodeling

Abstract: In this study, the economic feasibility of green remodeling (GR), which could improve the health, safety, and energy of elderly households considering social cost, was analyzed. As a result, the net present value of GR was ‘−10,267 USD (49.7%)’, which was found to be uneconomical compared to the total construction cost (20,981 USD, 100%) despite benefits of energy saving, carbon reduction, and air pollutant reduction. Based on this result, in order to expand GR for low-income elderly households, who cannot aff… Show more

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Cited by 4 publications
(5 citation statements)
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“…Finally, considering that the face-to-face interviews were conducted prior to the COVID-19 pandemic, the impacts of the COVID-19 pandemic on senior housing development have not been fully considered in the present study. In addition to the penetration of new technologies, empirical studies have also found that the COVID-19 pandemic had a significant influence on housing markets in terms of vacancy rate [142], housing price [143], housing affordability [144], and housing demand [145]. Therefore, a future study in the post-COVID environment is needed to explore how political, economic, social, and technological factors could influence senior housing development in the post-pandemic era.…”
Section: Discussionmentioning
confidence: 99%
“…Finally, considering that the face-to-face interviews were conducted prior to the COVID-19 pandemic, the impacts of the COVID-19 pandemic on senior housing development have not been fully considered in the present study. In addition to the penetration of new technologies, empirical studies have also found that the COVID-19 pandemic had a significant influence on housing markets in terms of vacancy rate [142], housing price [143], housing affordability [144], and housing demand [145]. Therefore, a future study in the post-COVID environment is needed to explore how political, economic, social, and technological factors could influence senior housing development in the post-pandemic era.…”
Section: Discussionmentioning
confidence: 99%
“…Tingkat kerusakan rumah juga bisa ditentukan berdasarkan asumsi umur efektif rumah. Dengan asumsi bahwa usia bangunan di suatu wilayah terdistribusi secara merata setiap tahun, dan umur harapan rumah adalah 50 tahun (Kim et al, 2022) maka laju kerusakan adalah konstanta yaitu 0,02 per tahun.…”
Section: Wilayah Perencanaanunclassified
“…Kecenderungan laju pertumbuhan penduduk Indonesia adalah melambat dalam perhitungan ini laju pertumbuhan penduduk diasumsikan melambat 0,01 % per tahun. Sementara itu, laju kerusakan rumah dianggap konstan yaitu 2 % per tahun (Kim et al, 2022;Putra, 2022;Yan et al, 2022).…”
Section: Hasil Dan Pembahasanunclassified
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“…Additionally, Gabrielli et al analyzed sources of uncertainty and risk management techniques in the context of sustainable real estate development, particularly focusing on energy efficiency improvements in Northern Italy using Monte Carlo and sensitivity analysis methods [28]. Furthermore, researchers in South Korea conducted various studies to promote green remodeling projects, but most of them focused on the effect of improving the energy performance of existing old buildings [29][30][31][32].…”
Section: Introduction 1background and Objectives Of The Studymentioning
confidence: 99%