Already `the effect of the new mayor of Seoul`… Hundreds of millions of reconstruction runs and a rain of purchase inquiries

The atmosphere of the Seoul reconstruction market is changing when Oh Se-hoon is elected as a single candidate for the 4/7 Seoul Mayor’s by-election pan-optics. The approval rating of Candidate Oh, who put forward redevelopment and redevelopment activation as its representative pledge, jumps, and the reconstruction market is also expanding.

According to the real estate industry on the 24th, investment inquiries surged in Apgujeong-dong, Gangnam-gu, Yeouido-dong, Yeongdeungpo-gu, and Mok-dong, Yangcheon-gu, before and after Oh was confirmed as a single candidate for the opposition the day before. Candidate Oh promised, “If I take office as the mayor of Seoul, I will open an urban planning committee within a week to lift regulations on reconstruction and redevelopment.” His idea is that 50,000 to 80,000 houses will be supplied by rebuilding and redeveloping old apartments such as Yeouido-dong, Yeongdeungpo-gu, Sangye-dong, Nowon-gu, Mok-dong, Yangcheon-gu, Apgujeong-dong, Gangnam-gu, Daechi-dong, Gangnam-gu, and Jayang-dong, Gwangjin-gu.

An official from the Apgujeong Redevelopment Association said, “Because of real-life regulations, Apgujeong redevelopment complexes have already been speeding up since the second half of last year.

According to the actual transaction price disclosure system of the Ministry of Land, Infrastructure and Transport, on the 15th, Apgujeong-dong, Apgujeong, Hyundai 1st exclusive area 211m2 (10th floor) was reported to have been traded for 6.3 billion won. It is a price that is more than 1 billion won from the previous high price (5.15 billion won). The 35-year-old Miseong 2nd floor (74.4m2) (16 floors) was traded at 2,422 million won this month.

Democratic Party candidate Park Young-seon also gave a clue, but announced that it would develop low-rise residential areas and ease the reconstruction regulations on old apartment complexes. For this reason, reconstruction apartment complexes, such as Songpa Jamsil Jugong Complex 5, Yeouido Demonstration Apartment, and Daechi Eunma Apartment, which have not been approved for maintenance projects, are also highly anticipated. The pilot apartment passed the safety examination and was established until the union in 2017, but there has been no progress in the business for more than three years. Eunma Apartment submitted an amendment to the 35th floor in 2018, but the decision of the Urban Planning Deliberation Committee was postponed.

Amidst the entire Seoul maintenance project area, the reconstruction along the Han River is counted as the biggest beneficiary. Candidate Oh promoted the Han River Renaissance Project while serving as the Mayor of Seoul in 2006, and the Seongsu Strategic Maintenance Zone was designated as a redevelopment area where the ’50 stories’ building could be built. However, after the late Mayor Park Won-soon was elected, the maximum number of floors in residential apartments was limited to 35 floors through the ‘2030 Seoul Plan’ in 2014. Candidate Oh is planning to rebuild such a plan. It has announced that it will abolish the restriction on the height of the 35th floor along the Han River and abolish the restriction on the height of the 7th floor for Class 2 general residential areas.

However, some point out that a delicate approach is needed to the pledge of Candidate Oh, who promised to release reconstruction and redevelopment within a week when elected. Professor Kwon Dae-jung of the Department of Real Estate at Myongji University said, “Activation of reconstruction and redevelopment is in the right direction, but if only certain local projects are solved, the real estate market may become more unstable due to the trend.

The public-led redevelopment and redevelopment promoted by the government as private reconstruction and redevelopment stretched out has become even more cold.

In particular, the public redevelopment project, which is about to be selected as a second candidate at the end of this month, is also disrupting as suspicions of land speculation by employees of the Korea Land and Housing Corporation (LH) are raising. The announcement of the second candidate site is likely to be made on the 31st of the Seoul Urban Planning Committee. As the second candidate site was scheduled to be announced at the end of March, a proposal to determine the candidate site by holding the’Ministry of Land and Seoul City Joint Public Redevelopment Candidate Selection Committee’ and grouping both the first and second candidate sites for public redevelopment into land transaction permission zones is influential. Do.

However, as distrust in the public grows, opposition is emerging even in places where there are many opinions in favor of public redevelopment. In the Daeheung District 5, Mapo-gu, residents have received a consent to withdraw the project application since February and have received a related complaint to the Mapo-gu Office. There is a growing voice that the Geoyeosaemaul area in Songpa-gu, the only candidate for public redevelopment in the Gangnam region, should also turn to private redevelopment. A local official of Geoyeo Saemaul said, “As Geoyeo Saemaul goes to public redevelopment, the price difference is gradually widening with nearby private redevelopment area complexes such as Macheon 4,” and “There are places where the sale price has already fallen by 100 million won.”

[김태준 기자 / 이축복 기자]
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