“The uptrend will be weakened by the tax burden” vs. “Demand remains strong while being smart”
A view of downtown apartments from Namsan, Seoul.
It is noteworthy whether the’Gangnam Unfailing’ myth will continue in the new year as reports have been made one after another in major apartment complexes in the Gangnam area, considered to be the’barometer’ of the Seoul real estate market.
It is analyzed that the demand to focus on the so-called’smart one’ due to the multiple regulations of the government is still boosting the prices of apartments in the Gangnam area, which was evaluated as’increased enough’.
According to the actual real estate transaction information from the Ministry of Land, Infrastructure and Transport on the 8th, reported transactions have been reported one after another in Gangnam 3 districts such as Gangnam, Seocho, and Songpa-gu.
In the case of Tower Palace 3 in Dogok-dong, Gangnam-gu, which was called the synonym for expensive apartments, 163.7m2 of exclusive area was sold for 3.3 billion won (36th floor) on the 21st of last month, and the reported price was rewritten.
The same flat apartments rose from 2.9 billion won (23rd floor) in May last year to 3.27 billion won (27th floor) in November, and increased by 30 million won again in a month, and the report broke the record.
The 146.71㎡ dedicated to Gangnam The Sharp Forest, Suseo-dong, Gangnam-gu, was traded for 3.1 billion won (7th floor) on the 28th of last month, and a report set up by trading at 2.75 billion won (5th floor) a month ago broke records.
Yeoksam Prugio 84.91㎡, in Yeoksam-dong, Gangnam-gu, also renewed the reported price in one month following 2.4 billion won (7th floor) in November by writing a contract for 2.4 billion won (10th floor) on the 23rd of last month.
In the Apgujeong-dong redevelopment complex, where the expectation for reconstruction was growing as the pace of the promotion of the establishment of the reconstruction association accelerated at the end of last year, there was a succession of reported prices.
Apgujeong-dong Hyundai 6th car 144.2㎡ was traded at a reported price of 3.97 billion won (11th floor) on the 31st of last month and was sold under 4 billion won, and the same Hyundai 5th car 82.23㎡ was 2.97 billion won (11th floor) on the 28th of the same month. Also, it was traded at the declared price, and it was ahead of the breakthrough of 3 billion won.
Apgujeong-dong Hyundai 7th car 157.36㎡ also traded for 4.3 billion won (7th floor) on the 23rd of last month after no trading since October 15th, and the report was written again.
Apgujeong-dong A certified representative said, “As investment inquiries increased as the establishment of the Apgujeong redevelopment complexes came into view, the price rose by 100 million to 200 million won by default, and the landlords are putting in their goods in anticipation that the redevelopment is not long.”
In Seocho-gu, the national housing scale of Banpo-dong, Banporiche, 84.97m2, cost 2.75 billion won (27th floor) on the 30th of last month, and the same-dong Banpozai 84.98m2, which surpasses the previous highest price, at 2.9 billion won (15th floor) on the 28th of the same month. I wrote a sales contract on the price.
Jamwon-dong Acro River View Shinbanpo 84.79㎡ was traded at a reported price of 3 billion won (11th floor) on the 5th of last month, and was sold for 3.45 billion won (30th floor) on the 23rd, and the report was rewritten in 3 weeks.
Banpo-dong Acro River Park 84.97㎡ was also traded at a reported price of 3.7 billion won (14th floor) on the 22nd of last month, and was sold at a value of 420 million won from the previous reported price of 3.3 billion won (8th floor) in October. This apartment 154.97m2 was traded at 5.35 billion won (11th floor) in October, followed by 5.4 billion won (25th floor) on the 8th of last month, revising the record high.
Declared transaction is also confirmed in Jamsil-dong, Songpa-gu, where transactions are difficult due to the land transaction permission zone.
Jamsil L’s 84.8m2 in Jamsil-dong, Songpa-gu was sold at a reported price of 2.35 billion won (12th floor) on the 24th of last month, and 114.7m2 of the same building was 2.6 billion won (9 billion won) on the 29th, following 2.57 billion won (21st floor) on the 8th of last month. Floor) at the declared price.
In the case of Parkrio in Sincheon-dong, which is attached to Jamsil-dong but is not a transaction permission zone, 84.97㎡ was sold at a reported price of 2.25 billion won (18th floor) on the 17th of last month as the price continued to rise.
It is unclear whether apartment prices will continue to rise in the Gangnam area, where super high-priced apartments are concentrated.
Even among experts, the rise of house prices will be reduced due to the strengthening of the holding tax such as the comprehensive real estate tax and the increase and realization of publicly announced prices, and the abundant liquidity that has been released on the market is concentrated on the’intelligent house’, supporting the house price in Gangnam, leading to a strong trend. There are mixed prospects.
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