An Analysis of Factors Influencing Public Management Expenses by Housing Type

The purpose of this study is to identify the main determinants which could affect public management expenses by categorizing various factors into housing, physical, amenity and management ones and selecting specific variables for each factor through empirical analysis. This study is expected to solve solutions of management expenses by enhancing transparency of them and arranging effective operations. According to the average analysis, the highest public management expenses were found in "Happy house," with expenses totaling 3,398.33 Won, followed by leased apartments at 1,722.89 Won and mixed apartments at 1,622.58 Won. Happy house showed approximately twice as public management expenses as mixed or leased apartments and personnel expenses accounting for the largest portion of management ones, which means the number of general management and cleaning staff, marked the highest. According to the multiple regression analysis, the physical factors that could influence public management fees were the number of units and floors. A mini library, an amenity factor, had a negative effect, while the detailed factors of management fees including long-term repair reserves and miscellaneous incomes had a positive one. Management expenses should be transparently and effectively used, with residents paying an appropriate amount of money and receiving corresponding services.