Sejong’s apartment price that took his breath while running across the country… Even the opinion of “more rising”

Input 2020.12.24 16:00

“Is it all up now…”

The rise in apartment prices in Sejong City, which used to be steep, seems to be declining. Conversely, Sejong, the hottest year this year, has quieted down with the nation’s apartment prices rising to an all-time high. There are opinions that it will now be adjusted because it has risen enough, but many experts believe that Sejong still has the power to boost house prices.

According to the Korea Real Estate Agency on the 24th, the nationwide weekly apartment price increase rate in the third week of December recorded 0.29% again, following the record high in the previous week. In particular, apartment prices in local metropolitan cities such as Ulsan (0.62%), Busan (0.61%), Daegu (0.43%), and Daejeon (0.36%) are in the shape of a surge.

On the other hand, this year’s cumulative apartment price increase rate of 41.99%, Sejong, which is the number one nationwide, only rose 0.26%. Compared to an increase of 2.77% in the first week of August, the increase has reached a tenth level.

The reason why house prices have risen significantly this year is that the amount of occupancy is insufficient to meet the increased demand. According to Real Estate 114, the number of apartments in Sejong this year was 5,600, which was only half of last year’s (11,411 households). The planned volume for next year is 7668 households, a slight increase from this year, but by 2022, it drops to 1958 households. In addition, rising expectations for development such as the relocation of King Sejong to the National Assembly ignited a rise in house prices.

However, recently, the rise in apartment prices has slowed, and some people are diagnosed that the overheating of Sejong’s real estate has eased. A real estate expert who asked for anonymity said, “It seems that it is not normal that it rises close to 50% a year.” did.

On the other hand, there is a prospect that it will still rise further. As the National Assembly’s relocation of the Sejong Assembly Hall and the promotion of the establishment of KTX and ITX Sejong Stations remain, there is enough room for house price increase for the time being.

Lee Sang-woo, CEO of Invade Investment Advisory, said, “There is room for additional development such as the opening of the Sejong-Pocheon Expressway and the new construction of KTX Sejong Station, as well as the development of living areas. It is a metropolitan city of Korea, but with a small amount of occupancy, the investment is attractive and the living conditions are good, so I think there is enough upside potential.”

Lee Eun-hyung, a senior researcher at the Korea Institute for Construction Policy, said, “The recent slowdown in the rise of Sejong house prices for a while should be seen as taking a breath away from the aftermath of a soaring increase in the past.” “It will act as a synergistic factor.”

He added, “Even if you look at the macroeconomic side, the real investment value is likely to rise as the currency value falls as the US Federal Reserve System (Fed) loosens money for a long time.” And if the Seoul house price is fluctuating, there is a high possibility that Sejong City will follow.”

Meanwhile, Sejong’s jeonse price rose 1.96% in the third week of December, recording the nation’s highest increase. The increase was wider than the previous week (1.88%). This year, the cumulative increase rate of Sejong’s total price reached 59.06%. When the rental price rises, it often acts as a force that pushes the house price up again.