As the government’s real estate regulation policy, which started to settle the price of a house in Gangnam, Seoul, an era of 1 billion exclusively used apartments in the province opened last year. As the local real estate market overheated, the government spread the regulated areas to the whole country as a countermeasure on December 17 last year, but the rise in apartment prices in the metropolitan area increased sharply. Gangnam apartments, which have been quiet for a while, are also receiving the highest price renewal. It seems that the balloon effect caused by government regulations has been circulating in the provinces, and is again concentrated in Seoul and the metropolitan area.
Apartment prices in major provincial cities surged last year
Demand is driven by local regulations to the metropolitan area
200 million won in apartment prices near Changneung in GTX Hojae
Let’s hit the metropolitan area Busan Haeundae Lotte Castle Star 800 million won↑
![Busan has been redesignated as an area subject to adjustment. Haeundae-gu apartments and high-rise buildings.[yunhap news]](https://i0.wp.com/pds.joins.com/news/component/htmlphoto_mmdata/202101/10/d55bb120-319e-416c-9914-9430ab9e4045.jpg?w=560&ssl=1)
Busan has been redesignated as an area subject to adjustment. Haeundae-gu apartments and high-rise buildings.[yunhap news]
As regulations in metropolitan areas such as Seoul were strengthened last year, apartment prices in popular areas in major local cities surged. According to the actual transaction price of the Ministry of Land, Infrastructure and Transport on the 10th, Samik Beach, Haeundae-gu, Busan, on an exclusive 84㎡ basis, traded at an all-time high of KRW 800 million in January last year at KRW 1.55 billion in November. The prices of new apartments as well as reconstruction complexes skyrocketed. In the case of Haeundae Lotte Castle Star, which was traded at 780.19 million won in January last year, the highest price in December reached 1.5 billion won.
Beomeo-dong, Suseong-gu, Daegu, Beomeo-dong Beomeo Beomeo is 1.59 billion won (March) → 1535 billion won (October). ), Yongho-dong Yongho-dong, Uichang-gu, Changwon-si, Gyeongsangnam-do, sold at the highest price, respectively, at 715 million won (January) → 1.08 billion won (November).
In addition to the Daejangju apartments, another trading axis in the local real estate market is the apartments with a disclosure price of 100 million or less. The transaction volume soared as the multi-homed acquisition tax was under and excluded from application.

The rate of increase in apartment prices. Graphic = Kim Hyun-seo [email protected]
According to the actual apartment transaction price (Asil), the number one apartment transaction in Busan last year was Gaegeumjugong Complex 2 (a total of 458 transactions) in Gaegeum-dong, Busanjin-gu, built in 1988. The demand for 100 million units of sale has increased, raising the selling price. CEO Yoo Geo-sang Asil said, “Last year, the price of apartment complexes in major local complexes surged due to regulations in the metropolitan area, and demand is driving back to Seoul and the metropolitan area due to local regulations. As funds come in and prices are rising, apartments for the common people are increasingly disappearing.”
GTX-A’s Changneung Station announcement raises apartment prices
![The 3rd new town of Changneung district.[yunhap news]](https://i0.wp.com/pds.joins.com/news/component/htmlphoto_mmdata/202101/10/3ef0f510-98d9-4ac1-b86c-82dd096b7597.jpg?w=560&ssl=1)
The 3rd new town of Changneung district.[yunhap news]
The metropolitan area is on the rise again, mainly in areas with favorable traffic conditions. On the 29th of last month, as soon as the Ministry of Land, Infrastructure and Transport announced measures to improve wide-area traffic for the 3rd new towns Namyangsuk Wangsuk and Goyang Changneung, inquiries struck an official brokerage office in Deogyang-gu, Goyang. With the announcement of a plan to establish a new Changneung Station on the GTX-A route. In the case of 84㎡ exclusively for Wonheung-dongil Suite, Donae-dong, Goyang-gu, near the intersection where the station is said to be built, it was traded at 1.1 billion won on the 5th. Compared to the price of 900 million won on the 19th of last month, it rose 200 million won in two weeks. The current quote is between 1.3 billion and 1.4 billion won.
An official at a public brokerage office near the complex said, “The price has risen slightly from December and then soared at the same time as the announcement of Changneung Station.” “People crowded even the nearby new officetel sales site,” he said.
According to the Korea Real Estate Agency’s’Weekly Apartment Price Trend’ (as of the 4th) announced on the 7th, the rate of increase in apartment prices in the metropolitan area was 0.26%, which is a larger increase from the previous week (0.23%). Looking at the rate of increase, it reached the highest level in the last six months. Yangju-si (1.44%), Goyang-si Deokyang-gu (1.25%), Dongducheon-si (0.81%), and Uijeongbu-si (0.66%) showed a particularly sharp rise in areas that are favorable for traffic development such as GTX or road opening.
In the case of Seoul, the trading volume is also reviving. According to the Seoul Real Estate Information Plaza on the 10th, the volume of apartment transactions in Seoul in November was 6309 (based on the contract date), up 44.3% (1938) from the previous month (4371). The volume of apartment transactions in Seoul, which continued to decline for a while, turned to an increase in 4 months in October.
Experts point out that the government is distorting the market to become’tweezers regulation’. Heo Yun-gyeong, a research fellow at the Korea Institute of Construction Industry, added, “The government’s local regulations have created a bubble in the nationwide real estate market.” .
Lee Hyun-seok, a professor at Konkuk University’s Department of Real Estate, emphasized that “the situation in which the anxiety of supply shortages that started in Seoul has spread to the provinces in the end.”
Reporter Han Eun-hwa [email protected]