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1. CONTENTS
(1) RESEARCH OBJECTIVES
The purpose of this study is to review and deduct the issue of
government policy for newly built APT market by forecasting the price fluctuation of its purchasing rights.
(2) RESEARCH METHOD
This study analyzes the trends and characteristics on the price
fluctuation of purchasing rights for newly built APT with its
time-series data.
(3) RESEARCH RESULTS
The result on the study is as follows ; 1) The price and its variation rate on the purchasing of rights for APT has positive increased, although there are some variations according to the sale time.
2) There are big differences in the price on the purchasing of rights for APT from sale to commencement, specially between initial APT sale time and commencement time. 3) APT price before-commencement is more volatile than after-commencement. 4) The transaction activity of purchasing rights is more active at the time of before-commencement.
2. RESULTS
The policy issue of the study is as follows ; 1) It needs detail
analysis on market and alternative in policy approach because
transaction market for newly built APT is relatively unstable and
volatile. 2) The policy on transaction of purchasing rights for newly built APT has to be considered with other major economic indicators.
3. KEY WORDS
purchasing rights for newly built APT, price before and
after-commencement, The transaction activity of purchasing rights

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