Buying and selling for 99㎡ 10.7 billion won for exclusive use in Dobong-gu… Report is updated
All 25 districts in Seoul have joined the medium-sized ‘1 billion club’
Jeonsetga also rises again… The sale price is also expensive, “How can I get my house?”
In the new year, as the house price jumps more, apartments in the outskirts of Seoul need to be sold at 1 billion won. A view of an apartment in downtown Seoul from 63 Square, Yeongdeungpo-gu. /yunhap news
Even if the government presses and presses, house prices are running higher in the new year. Now, apartments in the outskirts of Seoul can only be sold with 1 billion won. Even in remote areas where there are many mid- to low-end complexes, it is now difficult to buy and sell’cheap’ apartments. Preset prices, which had been slowing for a while due to the accumulation of sales, are also on the rise. To make matters worse, even the pre-sale price, which was expected to drop after the pre-sale price limit for private residential land, has jumped, making’preparing my house’ even more difficult.
In the market, there are criticisms that the cost of housing has risen as the sale price, the jeonse price, and the sale price have all risen. It is pointed out that this is a side effect of the government’s successive measures of high-intensity demand suppression since mid-last year. As housing prices rose, homeless people were forced to become’thunderbolts’ without even knowing, as the asset gap widened with the homeless.
While housing-related costs have risen, various loan paths that have been possible even for ‘everything’ are blocked. Since last year, banks have been reducing preferential interest rates and limits on credit loans. The government has also regulated the total debt principal repayment ratio (DSR) to further tighten credit loans. Even this year, the government ordered commercial banks to manage credit loans. Even if I wanted to start preparing my house even later, it became difficult even for loans.
There is no’cheap’ apartment in the outskirts of Gangbuk
According to the real estate industry on the 16th, the rise in apartment prices in Seoul is on the rise. All 25 districts in Seoul have joined the ‘1 billion club’ based on a medium-sized area. Looking at the actual transaction price disclosure system of the Ministry of Land, Infrastructure and Transport, the 99m2 apartment area exclusively for apartments in’Jugong 19 Complex’ in Chang-dong in Dobong-gu was traded at 1.07 billion won on the 31st of last month, recording a reported price. The same complex area of 90 square meters was also traded at 1.05 billion won on the 19th of last month. This is the first time in Dobong-gu that sales of less than 130㎡ have exceeded 1 billion won.
In Dobong-gu, the actual transaction price of the 84㎡ apartment in’Donga Cheongsol’ in Chang-dong has soared to 950 million won last month, exceeding 1 billion won. Compared to the transactions made around 800 million won a year ago, 150 million won soared. Dobong-gu is the only place in Seoul that has not yet exceeded 1 billion won on an exclusive 84㎡ basis.
In addition, in Junggye-dong, Nowon-gu, a 115-square-meter apartment dedicated to’Billing’ was sold for 1.57 billion won last month. Nowon-gu exceeded the loan ban of 1.5 billion won for the first time. This is a surge of 225 million won compared to the highest price a month ago (1.345 billion won). The area like the nearby’Shin Dong-A Apartment’ was also traded at 1.4 billion won on the 19th of last month, and soared 150 million won a month. “Recently, the small and medium-sized floor area of 59~84㎡ for exclusive use has exceeded 1 billion won, and the price of large-sized areas has risen,” said the local I certified representative.
At a real estate brokerage in Seoul, an official is pulling off a notice showing the contracted chartered property. /yunhap news
The unrest in the apartment charter market continues. The rent for rent, which surged in the second half of last year due to the enforcement of the Lease Protection Act, declined at the end of last year due to the off-peak winter season. There was also a reason why some demand turned to trading due to the surge in jeonse prices. However, even with rising house prices, the loan limit has decreased, and the demand for jeonse is expected to increase as the full-fledged spring moving season is ahead. This is the reason for the outlook that jeonse prices will rise.
According to the monthly KB housing price trend data of KB Kookmin Bank’s Real Estate Liveon, the median rent for apartments in Seoul last month was 56.72 million won, up 5.2% (27.92 million won) from the previous month (53909 million won). It rose nearly 100 million won in just five months from 4,6931 million won in July last year, just before the new lease protection law was implemented.
‘Regulatory Dance’ in the market
Amid stories that a red light has been turned on for the stability of the common people’s housing, the sale price is also on a high stride. Raemian One Bailey, sold in Banpo, Seocho, recently received approval from Seocho-gu for a pre-sale price of 5,668,6349 won per 3.3m². Although the pre-sale price limit was applied, it increased by 7 million won from the pre-sale price (48.91 million won per 3.3m²) suggested by the Housing and Urban Guarantee Corporation (HUG) in July last year. It is only 60% of the price of nearby apartments, but it is the highest among all-time apartment sales prices.
The site of the’Raemian One Bailey’ project in Banpo-dong, Seocho-gu. /Hankyung DB
The reason why the expensive pre-sale prices in Gangnam are controversial is that it can affect the pre-sale prices of other pre-sale projects in the future. There is a prospect that the pre-sale price will be expensive for other reconstruction projects in the future. As the sales price goes up, prospective subscribers are generally discouraged. This is because there is a high possibility that the amount of special supplies that can be aimed at by newlyweds without intermediate payments or the low-additional point of homeless newlyweds is likely to decline as the number of pre-sale prices has increased.
The’regulatory useless theory’ is emerging again in the market as the pre-sale price ceiling system, which the government claimed to be less than 10% cheaper when implemented, does not take effect. The government came up with big and small measures seven times last year, but it couldn’t capture the house price. Once every two months, most of the regulations from loans to taxes and leases were poured out, but only the real estate market’s anxiety increased.
Seoul sales exceeded 28 million won per 3.3㎡… Over 900 million KRW of exclusive 84㎡
Actual sales prices are also rising. According to the’Private Apartment Sales Price Trend’ of the Housing and Urban Guarantee Corporation (HUG), the average sales price per 3.3㎡ of apartment in Seoul was 28.3 million won (8566,000 won per ㎡) as of the end of December. It rose 4.03% from the previous month, exceeding the 28 million won level for the first time. In November alone, the average sale price per 3.3㎡ of apartment in Seoul was 27.2 million won, but it has risen more than 1 million won a month.
Based on the average sale price, the sale price of 84m2, which is a house type preferred by the general public, exceeded 900 million won. Only KRW 27 million per 3.3 sq.m. is in the early 900 million units, and depending on the sales price of the apartment, the sales price can reach the second half of KRW 800 million. However, when it reaches 28 million won, it will certainly exceed 900 million won. If the sale price exceeds 900 million won in an overheated district like Seoul, special supplies are not allocated. It means that there is no opportunity at all for special supplies such as newlyweds or for the first time in life that homeless people are aiming for.
An expert in the real estate industry said, “The government continued its real estate policy in the direction of imposing high tax rates on high-priced housing and discriminating regulations by region, resulting in a’balloon effect’ in which house prices in areas that were avoided from regulation continued to rise. Even if the quantity is sufficient, housing for the common people can be solved, but the lease law was issued one after another to prevent the supply of jeonse.” He added, “There are no countermeasures that have worked as intended, such as various tax systems, loans, and caps. At this point, it is time to look back to see if there are any mistakes in the policy direction.”
Park Mo (35), a public company employee who dreams of’preparing my home’ in Seoul, also said, “I am living in Seoul because of my work, but the stress on the housing is considerable.” It is a level that is difficult to do. He said, “It is a vague feeling to say that even the sale price that was said to be falling can go up further in the future.”
Ahn Hye-won / Kim Hana Hankyung.com reporter [email protected]