Hyundai 7th apartment in Apgujeong-dong, Gangnam-gu, Seoul, with a dedicated area of 245m2 (supply area of 80 pyeong) for 8 billion won. Hankyung DB
‘Apgujeong Hyundai’, one of the most renovated apartments in Seoul, was traded at 8 billion won per 3.3㎡ of supply area and recorded ‘100 million won per pyeong’. It is the best price ever in Apgujeong. In Apgujeong, the establishment of a union accelerated in order to avoid the two-year mandatory residence regulation for union members. In addition, expectations for private reconstruction have been added after the Seoul Mayor’s election, and apartment prices are showing strong. Real estate experts analyzed that despite the strengthening of the ownership tax burden, there is still a demand for having a’smart one’ in Apgujeong, one of the most wealthy villages in Gangnam.
○ jumped 1.3 billion won in 6 months
According to the actual transaction price disclosure system of the Ministry of Land, Infrastructure and Transport on the 6th, it was confirmed that the exclusive area of’Hyundai 7th’ in Apgujeong-dong, Gangnam-gu, Seoul, was changed to 8 billion won the day before. Compared to the same housing type traded at 6.7 billion won in October last year, it jumped 1.3 billion won in just six months. The highest price ever traded in Apgujeong.
According to a plurality of brokerages in the Apgujeong-dong area, the house is known to be leased with a deposit of 500 million won and a monthly rent of 5 million won. The purchaser paid 7.5 billion won in cash, excluding the deposit, in a lump sum, one day after the product was put out for sale owned by the corporation. This complex was completed in 1978 and is 44 years old.
Last year’s ‘6-17 countermeasures’ ignited house prices in Apgujeong. At that time, the government announced that it would only give pre-sale rights to members who lived in Seoul and other overheated districts for more than two years. However, complexes that have applied for the establishment of a cooperative before the amendment to the Urban and Residential Environment Improvement Act containing this content is passed can avoid this regulation. Because of this, the reconstruction of Apgujeong, where business promotion was sluggish, hastened the establishment of the association, and the ransom also went up.
After the association is established, transfer of membership status is restricted except for one-household owners who owned it for more than 10 years and lived there for more than 5 years. Apgujeong District 3 (Hyundai 1~7·10·13·14·Daelim Villat), which belongs to the’Hyundai 7th’, held an association establishment general meeting last month and applied for permission to establish the association at Gangnam-gu Office. Apgujeong 4th district (Hyundai 8th, Hanyang 3rd, 4th, 6th) and 5th district (Hanyang 1st and 2nd) were approved for establishment of the association in February.
In addition, after the government announced its policy to revitalize public-led maintenance projects in February’s February 4th Measures in February, the demand for private reconstruction that could be upgraded instead of the public was driven more by demand. Recently, transactions of ‘100 million won per pyeong’ are pouring out in Apgujeong. On the same day, it was reported that 160㎡ (supply 53 pyeong) for’Hyundai 2nd car’ was sold for 5.43 billion won. Compared to the price of 4.25 billion won in December last year, it rose 1.18 billion won in four months.
Apgujeong-dong’Hyundai 2nd’ exclusive 198㎡ (supply 63 pyeong) last month was also traded for 6.3 billion won. In the same month, 196m2 (64 pyeong of supply) for Hyundai’s 1st car was changed to 6.3 billion won. Shin Man-ho, CEO of Apgujeong-dong central official, said, “Apgujeong large apartments are scarce, so there is always a demand for waiting.”
○“I will continue to prefer to be smart”
As regulations aimed at multi-homed people are strengthened, the popularity of super high-priced apartments including large flats in Apgujeong, the so-called’smart single house’, is increasing. According to the monthly housing price trend released by KB Real Estate, the average sale price of large-sized apartments in Seoul (over 135m2 for exclusive use) last month was 2,211.106 million won. Compared to the average of 1.95.214 million won a year ago, it increased by 258.93 million won. It jumped 41.2 million won from two years ago (1.89.81 million won).
Regardless of Seoul’s Gangbuk and Gangnam areas, reports of super-high-priced apartments are continuing. The 198㎡ dedicated to’Raemian Firstage’ in Banpo-dong, Seocho-gu, changed hands for 4.85 billion won on the 4th of last month and wrote a new report. Banpo-dong’Banpozai’ exclusive 216㎡ was also traded at 4.49 billion won last month. The 202㎡ dedicated to’LG Hangangzai’ in Ichon-dong, Yongsan-gu, was traded at 3.75 billion won on the 10th of last month, and jumped more than 700 million won from last December (28.90 billion won). The 243㎡ dedicated to’Hannam The Hill’ in Hannam-dong, Yongsan-gu, was traded for 8 billion won in February, breaking the nation’s highest price this year.
Experts predict that the demand for’smart one’ will continue for some time. It is explained that, as the publicly priced soaring, some tax savings may come out ahead of the base date of the holding tax on June 1, but it will not be able to discourage the preference of super-high-priced apartments in general. Go Jun-seok, an adjunct professor at Dongguk University’s Graduate School of Law, said, “It is more advantageous to own a’smart one house’ than a multi-household,” he said.
Reporter Shin Yeon-soo [email protected]