‘Tuk-tuk’ with a total set value of 300 million to 400 million
Soaring fatigue… Even moving in Mapo and Gangdong
Gap investors’anxiety’ ahead of balance payment
As the jeonse price fell, the jeonse price rate fell, making’gap investors’ nervous. A sale flyer is posted to a real estate company in downtown Seoul. /News 1
“Compared to the beginning of this year, the total price was 300~400 billion won, but there aren’t many customers looking for it. Now, the property is piled up. As the semester started, demand for school districts declined, and the number of contract renewals due to the 3rd lease law led to a decrease in demand.”
In recent years, due to the fatigue caused by the surge in rented rent, the rise of rented rent has been slowing down as apartments in large complexes started moving in in some areas. In the jeonse market, March-April is the time when school district demand ends, and in the rental market, it is a low season. Instead, it is a time of demand mainly for newlyweds, but the atmosphere is different this year. A certified official near Daechi-dong said, “For even the most popular apartments under 84 square meters, landlords have begun lowering the asking price for the rent.”
Amid market evaluation that the market price will rise, the trading price has risen, but the jeon tax has declined. At the site, the rent began to come out one by one, even to the complex, where the rental price fell to the level before the enforcement of the Lease Protection Act. The sales of 76㎡ of exclusive area for’Eunma Apartment’ in Daechi-dong, Gangnam-gu, where there is a lot of demand for charter for children’s education because the school district is close, has risen from 1.95 billion won at the end of last year to 2.24 billion won in recent years. On the other hand, during the same period, jeonse was around 1 billion won, but now the ask price has dropped to around 600 million won. In June and July of last year, before the enforcement of the Lease Protection Act, the same housing type jeonse was traded for 650 million won.
In the area of Godeok-dong, Gangdong-gu, where the number of occupants began to accumulate starting in February, the jeonse was recently lowered by about 200 million won. For the 59㎡ dedicated to Godeok Grasium in Godeok-dong, Gangdong-gu, the rental price jumped to 820 million won in February, but the current quote has been pushed to 630 million won. A certified official in the area of Godeok-dong said, “It is natural for the price to fall as the quantity of goods rushes during the move-in period,” he said. “The jeonse price is similar to that of last year’s June-July.”
According to the industry, the area around Mapo, Seoul, where occupancy is in full swing, is showing a similar trend.
Tenants are sighing as the jeonse, which had only been climbing, has dropped. On the other hand, the so-called’gap investors’ who used the’jeonsenan’ to buy apartments with high jeonse taxes and made investment profits from trading profits seem to be very nervous. In particular, the jeonse, which surged at the end of last year, was on the rise in the gap investment craze, but investors who paid the balance after two to three months are spotting signs of a balance of balance in which they cannot find tenants.
An official of the H official in Junggye-dong said, “Gap investors, who bought small apartments with a small gap in mind, began to worry about a decline in jeonse prices ahead of the balance payment.” He said, “It is a seasonal off-season, but as the chartered sales offered by investors piled up, the price of chartered money in the second half started to fall.” “I do.”
The price of 84 square meters dedicated to the third billing in Junggye-dong rose to 870 million won (15th floor) on the 21st of last month, and a charter contract was signed, but the current market price is between 770 million and 780 million won.
View of Eunma Apartment in Daechi-dong, Gangnam, Seoul. /Hankyung DB
As the jeonse price rate decreases in various places in Seoul, new gap investments are also disappearing. According to Asil (apartment real estate transaction price), the share of gap investment in most areas of Seoul in January was significantly lower than the previous year. In the case of Nowon-gu, the share of gap investment at the beginning of this year fell to a level below 1% of all housing transactions. Of the total 423 transactions, only 4 transactions were gapped. Considering that it was 17% in the same month last year and 4% in the previous year, the proportion has been greatly reduced.
Dobong-gu and Geumcheon-gu also recorded 1% of the same month. Seocho-gu was in the 2% range and Gangnam-gu was in the 4% range. In February, no gap investment was made in most districts except Nowon-gu, Yangcheon-gun, Nowon-gu, Gwangjin.
An expert in the real estate industry said, “It is unreasonable to conclude that gap investment will be reduced in the future given that the demand for jeonse in Seoul will continue due to the lack of occupancy.” .
Ahn Hye-won, Hankyung.com reporter [email protected]