Godeok 84㎡ apartment exceeded 1.8 billion… “The shepherd also crossed”

Input 2021.02.02 10:00

In the Godeok district, Gangdong-gu, Seoul, the price of an 84m2 apartment with a dedicated area soared to 1.8 billion won. While most of the reconstruction has been completed, it is popular because the preference for new apartments among consumers is growing. Even five years ago, it sold 200 to 300 million won lower than the Mokdong and Yeouido complexes, but it has now reversed.

According to the actual transaction price of the Ministry of Land, Infrastructure and Transport on the 2nd, 84㎡ for Godeok Grasium was traded at a record high of 1.8 billion won on the 11th of last month. It has increased by 50 million won compared to the previous high (1.75 billion won).

In addition to Godeok Grasium, Shingo families continue to appear in the nearby Godeok district. Looking at the highest price based on 84 square meters for exclusive use, Godeok Arteon is 1.73 billion won, Godeok Raemian Hill State is 1.72 billion won, Raemian Solvenue is 1.6 billion won, and Godeok I-Park is 1.56 billion won.

The strength of the Godeok district is also shown by statistics. According to the Korea Real Estate Agency, from January 2014 to the present, house prices in Gangdong-gu rose 38.8%, the highest in Seoul. This was followed by Gangnam-gu (38.7%), Yeongdeungpo-gu and Dongjak-gu (35.0%). During the same period, Seoul rose 30.1%.

Godeok Grasium has a top price of over 1.8 billion won in 84 square meters, and it is also a stronghold of the existing wealthy village. At the end of 2016, 84 square meters of Godeok Grassium were sold at 770 million won and 83 square meters of Mokdong 1 complex for 990 million won, respectively. Mok-dong was more than 200 million won, but now it has reversed. The highest prices of 83~84㎡ for Mokdong New City are 1.75 billion won for Mokdong Complex 1, 1.65 billion Won for Mokdong Complex 14, and 1.61 billion Won for Mokdong Complex 2.

Likewise, 93㎡ of Duke Yeouido-dong, Yeouido-dong, Yeongdeungpo-gu, which was traded for 1,045 million won at the end of 2016 and was more than 200 million won more than Godeok Grassium, was overtaken. The highest price of 93㎡ for Yeouido Duke is currently 1.75 billion won, 50 million won lower than Godeok Grasium.

It is analyzed that this is because Godeok district, where old complexes such as Godeok Jugong and Godeok City, were mostly rebuilt and attracted attention as a new residential complex in the Gangnam area. Godeok Jugong Complex 1 (Godeok I-Park), Godeok Raemian Hill State (Siyeong), Godeok Forest I-Park (Jugong 4), Godeok Grasium (Jugong 2), Godeok Central I-Park (Jugong 5), Godeok Lotte Castle Beneruche (Jugong 7), Godeok Arteon (Jugong 3), and Godeok Jai (Jugong 6) succeeded in transforming each line. In particular, amid increasing preference for new apartments, the lack of new apartments in the Gangnam area is also a reason.

In addition, the extension project for subway line 9, which will add 4 new stations from the Jungang Veterans Hospital Station to Godeok Station on Line 5, to Godeok Gangil District 1, is expected to be completed in 2027. When this project is completed, it can be reached from Godeok to Samsung Joongang and Sinnonhyeon via line 9 at once. As this route is planned to connect to Namyangju through Hanam in the future, the metropolitan transportation network is expected to improve.

“The agendas such as the expansion of the transportation network around the station area eventually served as a strong price for new apartments in the Gangnam area,” said Ham Young-jin, head of the Big Data Lab. Even though it is high, if the subscription result is good, the business sites that follow will also have anticipation and continue to strengthen the Gangnam region.”