Input 2021.02.26 16:00
Earlier, on the 23rd,’Hansol Complex 5,’ Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, received approval for a remodeling project for the first time among apartments in the first phase of the metropolitan area. According to Seongnam City, Hansol Complex 5 plans to increase the total of 1156 households in 12 buildings to 1271 units in 16 buildings through horizontal and separate building extensions, and to expand the total floor area by 2.3 times. In addition, it is expected to increase the number of parking spaces by more than three times by expanding underground parking lots, and to improve settlement conditions comparable to those of new apartments by expanding community facilities in the complex.
According to data from the Ministry of Land, Infrastructure and Transport, the number of apartments occupied in the first phase new cities such as Bundang, Ilsan, Pyeongchon, Sanbon, and Jungdong in the 1990s totaled 292,000 households. There are many old apartments that are close to the 30 years of use, which is the standard for reconstruction, but the average floor area ratio exceeds 200%, and remodeling is emerging as an alternative.
Seo Won-seok, a professor at the Department of Real Estate at Chung-Ang University, said, “Since complexes built in Bundang and Ilsan are often used with floor area ratios to the limit, there is too much ante for reconstruction.” It is a natural flow to become,” he said.
The construction industry is also preparing to actively enter the remodeling market. Construction companies with experience in remodeling, such as POSCO E&C, Ssangyong E&C, and Hyundai E&C, as well as construction companies that have not participated in the remodeling market are looking to attract attention.
An official from a large construction company said, “After the approval of the Hansol 5 complex project, there are a lot of inquiries about whether we can participate in the remodeling of our complex,” he said. “Before the government introduced regulations for remodeling or reduced the size of the project license from local governments, There seems to be a perception that we need to hurry.”
Also in Pyeongchon, the first new city, there is always a prospect of complexes promoting remodeling. ‘Chowonbuyoung 7 Apartment Complex’ in Pyeongchon-dong, Dongan-gu, Anyang-si, Gyeonggi-do, which was completed in 1992 and meets the deadline for reconstruction next year, announced a bid for the selection of a maintenance business specialist on the 22nd.
“In the past, there was a lot of negative perception that a’cave-shaped plane’ would come out when remodeling,” said Kang Seong-jin, chairman of the renovation committee of the Prairie Booyoung 7 Apartment Complex. “We considered waiting, but the opinions gathered that there is no way other than remodeling to lower the share for our complex with only 18% floor area ratio left.”
Experts predict that housing prices may increase in the short term due to the remodeling craze in the first new city, but in the long term, supply increases, contributing to the stabilization of the real estate market.
Dongguk University adjunct professor Ko Jun-seok said, “Unlike the 3rd new town entering the empty field, the 1st new town is already equipped with living infrastructure such as transportation network and educational environment, so the preference is high”. “By remodeling the old house like a new home, the demand for new apartments “We can respond to some extent, and we expect a supply effect of tens of thousands of households through remodeling and sales of additional generations.”