[금일 건설‧부동산 주요기사]The highest house price in the metropolitan area in 8 years and 8 months…

【Youth Daily】 The housing market is seldom finding stability. The rate of increase in apartment prices in the metropolitan area soared to the highest in about nine years, and Seoul also increased for three consecutive weeks.

Starting in March, an unranked subscription, commonly referred to as’Jop Joop’, can only be applied by homeless people residing in the area.

Recently, in the commercial real estate market, there is an active movement to change downtown office buildings into residential spaces such as officetels and rental houses.

◆Metropolitan house prices rise the highest in 8 years and 8 months

The Korea Real Estate Agency said that in the third week of January, the sale of apartments in the metropolitan area rose 0.31% compared to the previous week. The weekly growth rate is the highest in 8 years and 8 months since May 2012.

Apartments in Yangju, Gyeonggi-do, surged 1.27% for a week, and Goyang (0.95%) and Namyangju (0.77%) also rose. Real Estate Agency said, “The rise was remarkable, mainly in areas where there is an expectation of improving the transportation environment, such as GTX (Metropolitan Express Railway) and subway extensions.”

Apartment prices in Seoul rose by 0.09%, but the rate of increase is steadily increasing in Gangnam 3 districts, such as Songpa (0.18%) and Gangnam (0.11%). In Songpa-gu, apartment prices with anticipation of reconstruction such as’Jamsil Jugong 5 Complex’ and’Olympic Athletes’ Village’ have risen a lot.

◆Eradication of the’Joopsup Dwarf’ aimed at lottery subscriptions

For the unranked subscription, which is known as’Joyup’, only homeless people residing in the area can apply for an subscription, so overheating is expected to disappear, as the competition rate of hundreds of thousands of units will rise for the’subscription lotto’.

The Ministry of Land, Infrastructure and Transport has decided to change the eligibility to apply for unranked quantities due to cancellation of contracts after selecting the winners of the subscription to’adults who are members of homeless households in the relevant housing construction area (si/gun).

The Ministry of Land, Infrastructure and Transport announced the legislative revised bill of the’Rules on Housing Supply’ with these contents as the main point.

◆ Office building, transformed into a residential facility…

Following the hotel renovation boom in the early 2010s and the shared office boom two to three years ago, the trend of the large-scale building market has shifted toward converting urban office buildings into residential spaces such as officetels and rental houses.

According to the office sales market trend data released by Shinyoung Asset, 11 medium-large-sized buildings (over 3300m2 in area) traded in Seoul last year were intended to be developed for residential use such as officetels, rental houses, and urban living accommodation facilities.

Demand for residential space continues to increase. There is steady demand for one- or two-person households who want to live in the city center, which is close to work and well-equipped with convenient facilities. In particular, the supply of new apartments in Seoul is low, so the demand for officetels as an alternative product is also increasing.

◆Houses disposed of by corporations…individuals received them all

In December last year, corporations dispose of their owned houses in large numbers to ease the burden of capital gains and holdings taxes, which have been strengthened since this year. In a short period of time, sales poured into the market, and as individuals bought most of the houses offered by corporations, the house prices increased significantly.

At the end of the year, which leads to the off-season, the surge in corporate housing transactions is interpreted by real estate experts as “to avoid a tax bomb.”

Ji-young Yang, head of the R&C Research Institute, said, “The fact that even though the number of corporations and some multi-homed people increased, the house price increased, which meant that there was much more demand to buy a house.”

◆34 to 113 in 3 years…Average transaction price of apartments increased by over 1 billion KRW

Apgujeong-dong, Gangnam-gu, Seoul, has the highest average apartment transaction price in the country. Last year, the average transaction price per apartment was estimated at 22.9 billion won, approaching 3 billion won.

After Apgujeong-dong, the average actual transaction price is higher in Banpo-dong, Seocho-gu, Yongsan-dong 5-ga, Yongsan-gu, Daechi-dong, Gangnam-gu, Seobinggo-dong, Yongsan-gu, Dogok-dong, Gangnam-gu, and Jamwon-dong, Seocho-gu.

Since the inauguration of the Moon Jae-in administration, housing prices have risen sharply in Seoul for the past three years, and the average transaction price of more than 1 billion won has also surged. The average actual transaction price exceeded 1 billion won in 34 dongs in 2017, but more than tripled to 113 dongs in 2020.

◆Sale of land in the border area around Paju

It is announced that the land, which is 35 times the area of ​​Yeouido in Seoul, will be lifted from the military facility protected area this year.

Investors’ interest in land in Paju, Gyeonggi-do and nearby regions, which is being sold by Gyeonggi Saemaeul, an agricultural company that has specialized in transboundary land since 2011, is increasing.

The area bordering Paju is close to the metropolitan area such as Seoul, and is connected to the north and south through National Road 1 and Dorasan Station. When issues related to unification, such as the Kaesong Industrial Complex and the inter-Korean summit, come out, the demand for investment tends to increase.

◆The’Lease Law’, a Seed of Landlord-Tenant Conflict

Disputes between landlords and tenants increased sharply as last year’s revised housing lease protection law was implemented urgently. It is pointed out that the’seeds of conflict’ were raised by retroactively applying the lease law to existing contracts during the period when the rent for cheonsei was fluctuating…

Although the mediation of the Dispute Mediation Committee can lead to a quick settlement without going to a lawsuit, there are not a few cases of dissatisfaction with the mediation result or giving up midway because there is no coercion.

The government released a commentary on the lease law in August last year, but the court’s judgment can be changed as much as it is the interpretation of the government’s vote.

◆Controversy over high sales prices, residential complex in Sejong City… ‘Answer’ administration of private meeting minutes

The’Sejong Richencia Familia’ residential-commercial complex, which is buying the cause of the citizens due to the controversy over high pre-sale prices, is controversial this time through the review of the pre-sale price.

The government reorganized the housing law in July 2019, with the aim of revealing the list of the pre-sale review committee and the minutes of the agenda meeting minutes, saying that it will secure transparency and set reasonable pre-sale prices.

According to Article 69 of the Enforcement Decree of the Ministry of Land, Infrastructure and Transport, Sejong City stated that the minutes of the meeting should be disclosed by way of reading if there is a request for disclosure after the date of the tenant selection, and that the minutes cannot be disclosed to the general public in advance.

Criticism has been raised that even if a problem is found at a meeting after the subscription has been completed, disclosure at a point in time where the sale price cannot be returned is meaningless.

◆Chinese people who received 5.6 billion loans from domestic banks and bought 7.8 billion Itaewon houses

A Chinese person purchased a house worth 7.8 billion won in Itaewon-dong, Yongsan-gu, Seoul last year, and borrowed 5.9 billion won, which is 76% of the money, from a domestic bank.

In addition, Democratic Party Rep. So Byung-hoon said, “Recently, the number of foreigners buying real estate for rental business in Korea is increasing.”

“It has been confirmed that they are turning to shopping malls or commercial houses that are not regulated by government loans such as the mortgage recognition ratio (LTV) and total debt repayment ratio (DTI).”

He argued, “In order to prevent foreigners from speculating on real estate in Korea, it is necessary to reinforce the regulation by revising the’Banking Act’ and the’Banking Supervision Regulations’ to introduce the mortgage recognition ratio and the total debt repayment ratio for commercial and commercial housing.”

◆Daewoo E&C, real estate integrated information system development

Daewoo E&C and Real Estate 114 developed a system to comprehensively analyze the real estate market. The integrated real estate information system implements a variety of real estate-related big data so that various information can be quickly checked with simple operations.

Various information such as subscription information, population information, economic status, real estate policy information, etc., along with basic housing related information such as occupancy, market price, and sales, are intuitively checked on the map through the GIS function.

The biggest feature is that it has advanced market analysis by introducing regional ratings and sales price calculation functions for the first time in the industry. For regional grade evaluation, it is possible to select promising regions in units of towns and villages by establishing an evaluation model.

【Youth Daily = Reporter by phone number】