A Business Model for Application of the Modular Building in the Rental Market

건축 임대시장에서 모듈러 건축의 적용성 연구 - 수익성 분석을 중심으로 -

  • Received : 2015.03.26
  • Accepted : 2015.10.02
  • Published : 2015.11.30


The current real estate market is in a state that is considerably shrink due to the recession and long-term reduction of trading. In response, the government recently announced an innovative way for the middle-class residential housing and it is taking the lead to activate the real estate market. Meanwhile, the domestic housing market is entering a transition period, including structural changes of household structure, changes from joeonse to rent increasingly. Also single-member households will rise steeply, so that makes the high demand of small houses. In addition, the domestic construction industry is interested in new technology called Modular building. The Modular construction is an off-site construction system that shorten construction period, eco-friendly building technology and mobility etc, which can be used in various field. Overall, there are two major issues of the current market, one is the change of the real estate market, and the other is the modular construction. This study will propose modular business model in the rental market through the analysis the profitability of the modular business scenarios and IRR analysis.


Modular Construction;REITs;LCC;IRR;Rental housing


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Cited by

  1. Analysis of cost-increasing risk factors in modular construction in Korea using FMEA vol.21, pp.6, 2017,


Supported by : 한국연구재단