[팩트체크] The published price exceeding the actual transaction… Turns out,’a family-to-family deal’?

S Apartment in Seocho-gu, transaction with an amount lower than the market price of 500 million won or more at the time of transaction
Suspicion of’trading with special relationship’… Ministry of Land, Infrastructure, and Real Estate Industry “No Confirmation”

On the 5th, Seocho-gu, Seoul, announced a case of setting a quoted price higher than the actual apartment transaction price, and a battle over whether it is authentic or not is taking place. In particular, the S Apartment in Seocho-dong (with a dedicated area of ​​80 square meters and 24 floors) last year had an actual transaction price of 1.26 billion won, which is too low compared to the surrounding market price, which is suspicious of transactions between specially related persons.

From the conclusion, experts analyze that this apartment is sold at a price lower than about 500 million won based on the surrounding market price at the time of the transaction, so it is very likely that it is a transaction between specially related persons such as family. However, the Ministry of Land, Infrastructure and Transport has not investigated the case, so it is not possible to confirm whether it was actually traded at the price. In addition, the possibility of a general transaction cannot be ruled out because the fact that the transaction was sold at an amount higher than 200 million won compared to the pre-sale price at the time of the transaction and the fact that it was a gift transaction in the real estate brokerage industry at that time did not come up.

Seocho-gu, Seoul, picked S Apartment in Seocho-dong as a’case of more than 100% of the public price realization rate (market price reflection rate)’. Only one transaction was made for this apartment last year. According to the actual transaction price system of the Ministry of Land, Infrastructure and Transport on the 6th, the 80㎡ type for S apartment was sold for 1.26 billion won (24 floors) in October last year. This year, a total of four transactions were made from January to February, all of which were changed for 1.84 billion to 1.84 billion won. Currently, the bid price for this apartment is in the range of 1.85 billion to 1.9 billion won. At the time of 2017, the pre-sale price was up to 1,080 billion won.

An official S official in the S apartment complex said, “The amount of the apartment transaction in question was about 200 million won above the pre-sale price. It wasn’t a very cheap deal because it sold more than 200 million won.”

On that day, an official from the Ministry of Land, Infrastructure and Transport also said, “We do not investigate individual transactions in detail,” and said, “However, just because the transaction was at a low price, it cannot be said that it is an illegal transaction.” An official at Seocho-gu Office explained, “In this case, we investigated about 4,000 cases only for general transactions, excluding special transactions such as equity transactions and sale right transactions.”

However, it is pointed out that some cases suggested by Seocho-gu Office are difficult to view as general’unfair’ published price calculation cases. Jamwon-dong S Apartment, presented as another example, is currently undergoing relocation procedures as a reconstruction promotion complex. For this reason, there has been no actual transaction since last June’s 117m2 type was sold for 1.73 billion won. Currently, the quoted price is about 2.4 billion won, and it is difficult to compare it with the published price (1,871 billion won) because there is a difference of more than 600 million won from the actual transaction price.

In addition, the case where the public price increase rate of the same apartment in the same apartment complex B suggested by Jeju Island was different is because the area was different for each line. Jeju Island said, “The 2nd line houses fell 11~11.5% from last year, but the 4th line rose 6.8~7.4%.” The Ministry of Land, Infrastructure and Transport explained, “The market price for Line 4 increased to 33 pyeong last year, but the price for Line 2 fell to 52 pyeong.” In addition, there are opinions that Jeju Island has published a case of unfair quoted prices without considering the variables that determine apartment prices such as floor and flavor characteristics.