Park Mo, 34, who owns an apartment in Sejong City, did not disappear after checking the published price. This is because the quoted price was 10 million won or more higher than that of a friend A who lives on the same floor or in another building in the same apartment. Park’s apartment and Mr. A’s apartment prices are the same as 900 million won. Mr. Park said, “It’s the same type of housing in the same complex, and there is no difference in the view, but I don’t understand the difference between the stated price by more than 10 million won.”
According to the real estate industry on the 17th, complaints about the’rubber band price’ are pouring around Seoul and Sejong City, where the official price announced by the government on the 15th has risen sharply. According to the published price reading system of the Ministry of Land, Infrastructure and Transport, the public price of 84m2 of exclusive area of 20 × building 1 × floor of H apartment in Sejong City is 611 million won. The quoted price of the 1st floor of the 20x building facing India is 599 million won, so the difference between the two houses is 12 million won. The pre-sale price of the two complexes was the same at 340 million won. An official from Sejong City’s M official said, “Even though there is little difference in market price due to the similar location, steering, and sunlight, everyone is puzzled by the difference in the quoted price.”
Depending on the region, the rate of actualization of the published price was also different. This year’s public price of 84 square meters dedicated to Saemom Village 11 complex in Saerom-dong, which achieved the ‘1 billion club’ for the first time in Sejong City last year, was 275 million won, up 278 million won (60%). The publicly announced price of the nearby’Saemoom Village’ 10 complex was also 710 million won, an increase of 27.2 million won (62%) from last year. Considering that the actual transaction price of these complexes is around 1.1 billion won, the public price realization rate of the two complexes exceeds 60%. On the other hand, the published price of 84㎡ for the first exclusive use of Baeknyeonsan Hillstate in Eungam-dong, Eunpyeong-gu, Seoul, which was actually traded at 1.13 billion won on the 1st was 610 million won. The public price is about 100 million won lower than that of Sejong City, and the actualization rate is only 55%.
Despite the increasing dissatisfaction with the published price, the government has not disclosed the basis for calculating the officially announced land price. The Ministry of Land, Infrastructure and Transport published reference materials on that day and explained that “the public price may vary even on the same floor in the same complex depending on the location of the building or floor of the house, the view, steering, and the noise of the sun.”
Real estate experts predicted that objections will increase sharply, mainly in Seoul and Sejong, where the public price has risen sharply. In 2019, when the official price in Seoul rose by 14%, the number of objections was 28,755, and in 2020, the following year, 3,7410 were filed.
Reporter Bae Jeong-cheol [email protected]
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