Jamsil Jugong Complex 5 report after 7 months
Gangnam reconstruction surges in the’deregulation pledge’ in the Seoul mayor’s election
The government professed to be a’everything supply’, but could not relieve market uncertainty
Areas under the bullish market such as Yangju are also hilarious
Panoramic view of Jamsil Jugong Complex 5
[아시아경제 임온유 기자, 문제원 기자] Despite the’special supply expansion’ announced by the government, housing prices in the metropolitan area are on fire. In particular, the pledge of’deregulation’ that opposition candidates are competingly pouring out ahead of the Seoul Mayor’s by-election in April is raising market uncertainty.
According to the real estate brokerage industry on the 22nd, 82.61㎡ (exclusive area) of Jugong 5 complex, Jamsil-dong, Songpa-gu, Seoul, has continuously updated the reported price every two days into the new year. On the 7th, it was traded at 2.46 billion won, and on the 9th, it was changed to 2,481 billion won, 15 million won higher. Both are the best deals ever.
The reason for the increase in the price of the apartment, which was tied up by the designation of a land transaction permission zone, is the deregulation pledges poured out by not only the opposition party but also the ruling party’s mayoral candidates ahead of the by-election. In fact, former lawmaker Na Gyeong-won, a member of the People’s Power, made a pledge to “make a one-stop deliberation for various types of deliberations and perform rapid reconstruction”, and Ahn Cheol-soo, the representative of the National Assembly Party, also insisted on easing redevelopment and reconstruction regulations, including easing the floor area ratio. Even Democratic Party lawmaker Woo Sang-ho said, “Relieving reconstruction regulations is not the answer,” saying, “We will review more flexibly.”
An official at Jamsil-dong A certified brokerage office (certified) said, “There are very few properties for sale,” and “Now there is one property that has a bad scent in the area, but even that, it is in a state that it will not sell it for 2.5 billion won.”
The rise of reconstruction complexes in Gaepo-dong and Apgujeong-dong, Gangnam-gu, which was approved for establishment of the union last year and avoided the application of the two-year mandatory requirement, is also increasing. Apgujeong Shin-Hyundai 11th 183m2 was traded at 5.2 billion won, exceeding the previous high of 300 million won.
The rise in house prices is also expanding throughout the metropolitan area. In the meantime, a balloon effect appears in areas that have been relatively marginalized from rising house prices, raising the rate of price increase. According to the Korea Real Estate Agency, apartment sales prices in the metropolitan area this week rose an average of 0.31%. This is the highest in 8 years and 8 months after statistics were compiled.
Gyeonggi-do rose 0.42% to a greater extent compared to the previous week (0.36%), and Incheon also expanded from 0.36% to 0.40%. President Moon Jae-in declared at a New Year’s press conference on the 18th that he will come up with “extraordinary measures beyond expectations”, but it has not affected market sentiment at all. In particular, Yangju (1.27%) and Deokyang (1.10%) in Gyeonggi-do, which had been marginalized from rising house prices, recorded an increase of more than 1% for three consecutive weeks, showing signs of overheating.
Experts are making a diagnosis that the policy measures to expand supply are not meeting market expectations. △Public redevelopment and reconstruction, △high-density development in the station area, and securing new housing sites, which have been outlined so far, are difficult to expect short-term effects, and it is evaluated that there is a lack of incentives to attract private participation in the actual implementation process.
Lee Eun-hyung, a senior researcher at the Korea Institute for Construction Policy, predicted that “consumers are asking for’quickly many houses’ to be built, but the measures mentioned now are in a different direction,” and “it is unlikely to be expected until the first half of next year.”
Reporter Lim On-yu [email protected]
Reporter Jeon Sang-won [email protected]