Research Article

The Analysis of Feasibility of Sale of Public Sports Center in Korea

Table 5

Comparison of the current appraised value and the simulation result of the sale price (unit: KRW 100 million).

SortationThe present appraisal valueSimulationRange of differences
Cash flow as of 2020Average cash flow over the past five years

Bundang Public Sports Center281.6 (80% of the appraised value)227.92222.4253.68∼59.18
Ilsan Public Sports Center499.2 (80% of the appraised value)398.29404.1895.02∼100.91