Table 1 Summary statistics

Variables	Mean	Sth. Dev.	Min.	Max.	Difference in means
Sales price	366.6	37.9	295.1	513.4	5.15* (2.03)
Treatment	364.3	38.8
Control	369.4	36.6
Exclusive area	70.4	31.2	39.3	163.5	55.11** (55.1)
Treatment	45.4	6.2
Control	100.5	21.0
Floor	6.4	3.8	1	24	2.17** (8.85)
Treatment	5.4	3.0
Control	7.6	4.3

Note: t-values in parentheses. Sales prices are in Korean million Won per square meter and exclusive areas are in square meters.