Raemian One Bailey, 56.6 million won per 3.3㎡ of pre-sale price’the best ever’
‘Housing cost’ when calculating the sale price… As the public announcement governor becomes a reality, the sales price also rises.
Reconstruction of the Gangnam area of Seoul, including Dunchon Jugong
Raemian One Bailey business site. The ceiling was applied to the pre-sale price and was approved at KRW 56.68 million per 3.3㎡, a 16% increase from the pre-sale price of HUG. / Source = Hankyung DB
The government’s real estate countermeasures have become’my tricks and me’. As the pre-sale price of’Raemian One Bailey’ was released, it was revealed that the government increased the pre-sale by repaying the upper limit on the pre-sale price of private residential land, which the government introduced to set the price of the house. This is because the’household cost’ that goes through deliberation when calculating the pre-sale price ceiling system has increased as the government introduced the’publicized price realization rate’ to properly pay taxes.
The government, including former Minister of Land, Infrastructure and Transport Kim Hyun-mi, assured that the introduction of the pre-sale price ceiling would lower the pre-sale price by 5-10%, compared to the HUG’s mountain information, but in the end, it was a lie. The reason for the introduction of the published price realization rate was the intention to’grab the house price’, but as the public pointed out, it only produced the effect of raising taxes.
Raemian One Bailey Sales Price… 16% higher after the pre-sale price cap
According to industry sources on the 9th, the pre-sale price of Banpo’Raemian One Bailey’, one of the largest pre-sale complexes in Gangnam, Seoul this year, has been increased by 16% from the previous year due to the application of the pre-sale price cap, and it was decided to be the highest ever. Seocho-gu Office approved the general pre-sale price of Raemian Won Bailey (Shinbanpo 3rd, Gyeongnam Integrated Reconstruction) as 5,668,6349 won per 3.3㎡ as a result of the 3rd pre-sale price review committee review.
This is the first time that the pre-sale price has exceeded 56 million won per 3.3㎡. This is the highest level among Seoul apartments ever. Raemian One Bailey was subject to the ceiling on the sale price of private residential land, but the sale price increased by 16% from last year’s HUG’s estimated price (48.91 million won). Raemian One Bailey plans to sell 224 general sales out of a total of 2990 units in February-Mon. Although the mandatory residence period is 10 years, it is expected to be popular as a’lotto’ apartment because it is half the price of the surrounding market.
Former Minister of Land, Infrastructure and Transport Kim Hyun-mi. During his tenure, he promoted the’Private Land Sales Price Limit System’ and’Public Land Sales Realization’ to stabilize housing prices, but it resulted in an increase in sales prices. / Source = Hankyung DB
The upper limit on sale prices for private residential lands was enforced on July 29 last year. Later, in 27 dongs in Seoul, apartments supplied by the private sector were also subject to the pre-sale price limit. The sale price of the apartment was decided by the local government’s sale price review committee through’housing cost + basic construction cost + additional cost’. The government swears that’the sale price will go down by 5-10%’, and the cooperatives promoting reconstruction tried to avoid the ceiling on sale price by tightening or delaying the sale schedule altogether.
It was the government’s countermeasures that displeased the union’s position, which had been affirmed. The government announced an increase in the publicly announced land price, saying it would make the publicly announced land price a reality to stabilize the house price. The public, including experts, criticized’the public announcement is a policy to kill the common people that only raises the tax burden,’ but the government said, “The increase in the public price realization rate increases the burden on the holding tax. “It will be.”
The public announcement land introduced by saying’I will catch the house price’ increases… Advantageous to the pre-sale price cap
The increased public land price is reflected in the housing cost, which is an important factor in calculating the pre-sale price. In the case of basic construction costs and additional costs, even if there is room for contention, the housing cost is determined by the publicly announced land price that the government announces twice a year. The Korea Real Estate Agency (formerly the Korea Appraisal Board) will give out the appraisal of the cost of land, but Raemian One Bailey received the cost of land at 42 million won per 3.3 square meter in November last year. Therefore, it was naturally higher than the amount suggested by HUG and was expected to exceed 50 million won.
The reconstruction apartments in the Gangnam area, which have watched the Raemian One Bailey case, are expected to escape the fear of the sale price ceiling system. Business sites that have postponed the pre-sale or considered post-sale can also be restarted with the’sale price cap’. There is no reason to be reluctant to designate the upper limit area in the atmosphere that’the application of the pre-sale price cap is better than the HUG’. The backlash against the controversial HUG is also expected to increase.
The site of an apartment complex in Dunchon Jugong in Seoul where the executive department was replaced after a conflict between the HUG sale price and the sale price ceiling system. The pre-sale is expected to benefit from the case of Raemian One Bailey. Inside and outside the industry, talks are going up to 40 million won per 3.3 square meters. /Data = Hankyung DB
The apartment that attracts the most attention in related industries, including prospective subscribers, is the Dunchon Jugong apartment in Gangdong-gu. The Dunchon Jugong Reconstruction Association is pursuing the project by selecting an attorney Han Mo, formerly a chief judge, as the union’s chief executive officer, with all the existing executives retiring.
With regard to the reconstruction of Dunchon Jugong last year, conflict broke out as the existing executives proposed’HUG sales price (29.78 million won per 3.3㎡)’ and union members’ meetings proposed the’sale price ceiling (at least 35 million won)’. As of now, the arguments of the members’ association are being accepted. It is also said that within and outside the union, 40 million won per 3.3 square meter can be sufficiently received, surpassing the original expectation. The project, which builds a total of 12,032 households, is scheduled to sell 4,786 households in general.
Meanwhile, during his tenure as former Minister Kim Hyun-mi, he held the position that he could set the price of a house by mentioning the’pre-sale price ceiling system’ from time to time. In June 2019, at the Broadcast Reporters Club Invitational Debate, he said, “The effectiveness of managing high pre-sale apartments through the Housing and Urban Guarantee Corporation (HUG) for apartments built on private residential lands has reached its limit.” I mentioned there.
In November of the same year, at a meeting of the Housing Policy Deliberation Committee, former Minister Kim said, “To end the vicious cycle of rising house prices, the government promoted the improvement of the system for the sale price ceiling system for private residential land.” I will designate it.” The Ministry of Land, Infrastructure and Transport also explained the feasibility of the pre-sale price ceiling system, saying, “In the end, stabilization of pre-sale prices contributes to the stability of the overall market through stabilization of existing housing prices.”
Contents explained by the Ministry of Land, Infrastructure and Transport regarding the application of the pre-sale price cap in November 2019. It was expected that the ceiling system for pre-sale prices would contribute to the stability of the market. / Resources Ministry of Land, Infrastructure and Transport
Hankyung.com reporter Kim Hana [email protected]