The official price of a house (80.33m2) of the Daewon Alliance in Bulgwang-dong, Eunpyeong-gu, Seoul rose 4.2 times (321.33%, 919 million won) from 285 million won last year to 1.25 billion won this year. It is the highest rate of increase in Seoul. There were 35 apartment complexes in Seoul, where the official price more than doubled. The official price of apartment houses in Seoul this year rose an average of 19.91%.
Complete survey on the publicly announced prices of Seoul apartment complexes
Compared to the published price of 9,6199 places a year ago
Small-scale alliance of 10 to 30 households greatly increased
Controversy continues over the government’s refusal to disclose the calculation method
On the 4th, the JoongAng Ilbo web crawled the published prices of 9,6199 apartment complexes in Seoul, which were registered in the’Real Estate Listed Price Alert’ operated by the Ministry of Land, Infrastructure and Transport and the Korea Real Estate Agency on the 4th. This is the result of a total investigation by collecting it by the method of extraction). After selecting the first building and the second furniture in each complex, the published prices of these furniture this year were compared to that of a year ago.
The official price of the autonomous district has more than doubled. Graphic = Reporter Kim Kyung-jin [email protected]
There are three complexes in Seoul, where the publicly announced price has risen more than three times (200%) from last year (258.97% in Da-dong, Sehwa Villa in Bulgwang-dong, and 249.51% in Na-dong). Including this, there were 35 complexes in Seoul that doubled (100%) or more. Seoul apartment complexes, where the publicly announced price more than doubled, were 15 in Gwanak-gu, 13 in Dongjak-gu, two each in Seocho-gu, Yeongdeungpo-gu and Eunpyeong-gu, and one in Gangnam-gu.
In an interview with JoongAng Ilbo on the 2nd, Cho Eun-hee, head of Seocho-gu said, “There are apartment houses whose public price has risen by 100% this year compared to last year after a total survey of 127,000 households in Seocho-gu.” done.
Most of the complexes with a high rate of increase in published prices are small villas with 10 to 30 households, and some reflect the actual transaction price, which has risen significantly due to expectations for redevelopment. The Daewon Alliance (completed in 1979), whose official price has increased by up to 4.2 times, is a two-story, 12-unit small townhouse located in the station area (Yeonsinnae Station) near the planned redevelopment site. There was no transaction for two years and four months after the exclusive area of 90.75m2 was traded at 890 million won in February 2018, but for two days from July 29 to 30 last year, nine transactions were suddenly made over 1.5 billion won.
Unpyeong-gu Bulgwang-dong Daewon Alliance Public Prices Graphic = Reporter Kim Kyung-jin [email protected]
An official from the real estate agent explained that “the normal public price (which reflects the market price) has been set” for the complex. However, there is no consistent standard for setting public prices for each household. For 11 households, the public price of the 11 households last year differed according to floor, floor, area, etc., but this year it was the same at 1,049 billion won without any such distinction.
Even in the same complex, the published price is jagged… Ministry of Land, Infrastructure and Transport “determined by referring to floor location and market price”
Whenever there is a controversy over the published price, the Ministry of Land, Infrastructure and Transport is calculated by reflecting the price-forming factors determined in the’Community Housing Price Investigation and Calculation Criteria’, such as “dong location, floor location, view and steering of the house, sunlight, and noise” It has been argued that the ratio is determined by referring to the current market situation.” However, since the exact calculation method was not disclosed, the controversy over the ‘dark calculation’ is incessant.
Hong Ki-yong (former president of the Korea Tax Association), a professor at the Department of Business Administration at Incheon University, said, “As with the tax rate, the published price is only a tool for calculating an appropriate tax burden. It is, there is no reason why the quoted price must be the same as the market price.”
On the other hand, as a result of a total survey, 2311 apartment complexes whose official prices were lower than last year were confirmed, and 3171 complexes with no change were also found. These complexes reflect that there was no transaction last year, or the price declined due to unusual transactions such as family transactions and auctions.
The rate of change in the public housing price. Graphic = Reporter Cha Junhong [email protected]
Samsung World Tower Apartment in Samseong-dong, Gangnam-gu, Seoul, is a representative example. The official price of the 10th floor of this apartment was 945 million won last year, but this year it was set at 910 million won, down 3.7%. Last year, Aegis Asset Management purchased a total of 46 households for 42 billion won through a private equity fund. In the process, Aegis Asset Management obtained a loan from Saemaul Geumgo, etc., but the controversy that it exceeded the loan limit dispose of it as a short sale at a price lower than the market price around the date.
In addition to small villas, there were many cases in which the public price of’I Alone Apartment’, which had a rare transaction of 100 households, rose significantly. The published price of Myungsu Daehanyang (84.9m2 for the first floor only) in Heukseok-dong, Dongjak-gu, of 90 households, rose 65.13% (386 million won) from 594 million won last year to 980 million won this year.
Reporter Kim Won [email protected]
