There’s no effect in the apartment you’re occupying… Sudden sale disappears and the total price rises

Private 84㎡ set price, up 50 million to 100 million won in two months
The buying and selling price is also running 100 million each time a new sale is released.
Brokerage “It seems that more than 80% of the landlords are moving in directly”

A view of Raemian Mok-dong Adeliche in Yangcheon-gu, Seoul  /Hankyung DB

A view of Raemian Mok-dong Adeliche in Yangcheon-gu, Seoul /Hankyung DB

“There is no effect on the occupancy here. There is not much sales or charter to show to consumers.”

‘The effect of moving in apartments’ is disappearing in Seoul. When an apartment complex starts moving in, there are usually an overflow of charters and sales. As a result, there is a phenomenon in which the rented value of the surrounding area falls and the house price fluctuates, which is called a’place of occupancy’. However, as the number of apartments that can be traded has decreased due to the government’s successive regulations, the tenant has disappeared. In addition to buying and selling, chartered sales have dropped sharply, and chartered sales are rising again, reflecting the lease law.

According to a real estate agency in Sinjeong-dong on the 23rd, the 84㎡ rental price for an apartment dedicated to’Raemian Mok-dong Adeliche’ (1497 households) is in the middle of 900 million to 1 billion won. Until last January, there were sales around 700 million to 800 million won, but recently the price jumped by 50 million to 100 million won. In the complex, which started occupancy earlier this year, charter prices are on the rise. The trading price is also running steeply.

This is in contrast to the temporary drop in rental prices when a large-scale apartment complex moves in. The market price for a small area of ​​59 square meters is 700 million to 850 million won, and a large area of ​​115 square meters is around 1.3 billion won. Shin Jeong-dong A certified brokerage said, “There are far more anti-war and monthly rentals than jeonse,” and said, “Only those with loans can be contracted at a lower price than the market price.”

The biggest factor in the rise in rent for rent is that there is no decent home. When large-scale apartments are built, hundreds of households are usually rented. The jeonse price is lowered and the surrounding jeonse price is lowered. For this reason, it was sometimes called a’moving bomb’, but the situation is different now. As the proportion of landlords directly living in it is increasing, chartered sales on the market are falling sharply. Only fast-paced tenants had previously signed a contract for short-term rental terms or senior loans, etc., which are relatively inexpensive.

It is also largely attributable to the increase in the rent for new apartments in Seoul due to the government’s successive regulations and pressure to move out of households. It is also the reason that the benefits of rental registered housing have decreased. In the past, one house for one household in an area subject to adjustment did not pay a transfer tax when registering private rental housing. In the future, you must live for two years to receive the transfer tax-free benefits. “There are many cases where the landlords move in to receive the tax-free benefit from the transfer tax,” said P-authorized representative who mainly brokers the complex.

Godeok Arteon in the Godeok district, Gangdong-gu, Seoul.  /Hankyung DB

Godeok Arteon in the Godeok district, Gangdong-gu, Seoul. /Hankyung DB

In the market, recently, even if a large complex moves in, there are very few products that are actually released in the cheonsei market. As such, there are many analyzes that it is difficult to expect a decline in the total price. As a result of tracking and surveying real estate market analysis company Real Estate Info’s rent transactions for 6 months after moving in,’Mokdong Central I’Park We’, Yangcheon-gu, a nearby complex that moved in last March, has only 299 units of rent, so 90% of them are the first people to be sold. Appeared to be.

Godeok Arteon, Gangdong-gu, Seoul, which moved in in February last year, was also a large complex with 4066 households, but only 812 households were caught as cheonsei transaction volume. 80% of all households are occupied by the landlord. The reason for this increase in self-occupancy is the reinforcement of two-year residence and retention, which is a requirement that is exempt from the transfer tax for one-homeowner. In addition, in case of receiving a mortgage loan in a regulated area, it became obligatory to move in within six months, making it virtually impossible to supply a jeonse that can be released with spare housing.

Raemian Mokdong Adeliche, which will start moving in on the 30th.  It is considered to be the best place for transportation and other locations in Shinjeong New Town, Seoul.  Reporter Jeong Yeon-il

Raemian Mokdong Adeliche is starting to move in on the 30th. It is considered to be the best place for transportation and other locations in Shinjeong New Town, Seoul. Reporter Jeong Yeon-il

As the jeonse price jumps, the trading price is boosting. According to the Ministry of Land, Infrastructure and Transport’s actual transaction price disclosure system, Raemian Mok-dong Adeliche sold a dedicated 59 square meter tenant at the end of last year for 1.3 billion won. It has more than doubled compared to the average sale price of 640 million won two years and six months ago. The highest bid price is 1.4 billion won. The exclusive 84㎡ was changed to the reported price of 1.595 billion won in November of last year. Likewise, it nearly doubled compared to the average pre-sale price (860 million won). The recent bid price is up to 1.7 billion won.

Real estate experts predict that the rent-in effect will disappear, and the supply of new apartments in the first quarter of this year in Seoul will decrease significantly from last year, and the jeonse crisis and sales price will continue to rise in the future. Shin Jeong-dong, R-authorized representative, also said, “In Adelische, every time a new sale is released, the trading price is increasing by 50 million to 100 million won.”

Ahn Hye-won, Hankyung.com reporter [email protected]

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