Reports of residential-commercial apartments are being relayed. In particular, the trend of buying residential and commercial complexes in the middle and large equilibrium zones in the Gangnam region is continuing with the sensation of one house. Due to the controversy over cash settlement caused by the second and fourth measures, it is predicted that the popularity of residential and commercial apartments free from maintenance projects will continue.
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According to the actual transaction price disclosure system of the Ministry of Land, Infrastructure and Transport on the 10th, on January 17th, 164m2 for the first tower palace was sold for 2.6 billion won, recording a reported price. Five apartments with the same conditions were signed in January alone. Compared to only two contracts in December, the transaction volume is more than double.
Lotte Castle Gold (with an exclusive area of 167m2) in Sincheon-dong, Songpa-gu, also sold for 2.3 billion won on the 27th of last month. This is a price that is 400 million won higher than the previous price eight months ago.
The reason that the residential-commercial complex joined Shingo relay late is due to demand while being smart. As the regulations for multi-homeowners were strengthened, interest in the smart house grew. In particular, in the case of residential-commercial complexes in the Gangnam area, the buying trend is increasing due to the perception that they are’undervalued’ than general apartments. In fact, in the case of residential-commercial apartments built with a high floor area ratio, there were not a few perceptions that reconstruction was difficult and thus investment property was poor.
C official near Tower Palace said, “At one time, residential-commercial complexes were very popular, and then suddenly their interest went off.” However, in the Gangnam area, especially, residential-commercial apartments located in downtown areas are being reevaluated. “Although it is not a complex that can be rebuilt, it is close to a semi-new construction, so there is a great recognition that the living requirements are not bad and the price is cheaper than the equilibrium.”
Acro Vista, Seocho-dong, Seocho-gu, also recorded a reported price last month, with 165m2 sold for 2,195 million won. This apartment (same exclusive) has been traded for the first time since 2018.
Experts predict that the residential-commercial complex may receive more attention in the future due to the influence of the second and fourth measures. In the case of reconstructed apartments, there is still a risk of cash liquidation, so the purchase tax may be quiet for a while, whereas residential-commercial complexes have a side effect of the second and fourth measures.
City and economy representative Song Seung-hyun predicted, “As a result of the 2nd and 4th measures, interest in new apartments has increased, and residential-commercial apartments, which are relatively inexpensive compared to new apartments, may receive more attention.”