GTX became a train for soaring house prices… Gyeonggi-do ‘2 billion apartments’ one after another

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As’panic buying’, centered on 2030 households, spread from Seoul to Gyeonggi-do, apartment prices in the metropolitan area reached the highest rate of increase in about nine years. According to the weekly apartment price trend for the fourth week of January released by the Korea Real Estate Agency on the 28th, the nationwide apartment sales price rose 0.29% from the previous week, maintaining the increase last week. Apartment prices in the metropolitan area rose 0.33% to the highest level since May 2012, when the Real Estate Agency started to write related statistics following last week (0.31%). In the metropolitan area, Gyeonggi-do rose 0.46% compared to the previous week, the highest ever.

This is analyzed as a phenomenon in which panic buying for 2030 households is spreading to the metropolitan area such as Gyeonggi and Incheon, where the prices of houses in Seoul have soared so far. In addition, last month, the Ministry of Land, Infrastructure and Transport confirmed measures such as extension of subway line 9 and new construction of Goyang Line, and the establishment of Changneung Station on the GTX-A line in order to expand the transportation network of the third new cities such as Wangsuk District in Namyangju, Gyeonggi Province and Changneung District in Goyang. do.

Namyangju, Gyeonggi Province, this week showed the highest increase rate in Gyeonggi-do, with apartment sales price rising 0.96% compared to the previous week. Namyangju city’s cumulative increase rate for four weeks this year reached 3.08%. According to the actual transaction price disclosure system of the Ministry of Land, Infrastructure and Transport, an area of ​​84 square meters dedicated to’Hill State Dasan’ in Dasan-dong, Namyang-si was traded at 925 million won on the 8th. A year ago, it was traded at 795 million won, but it rose to 130 million won in one year.

Apartment prices in Goyang-si, Gyeonggi-do, rose 0.87% this week, and Uiwang-si (0.91%), Yangju-si (0.71%), and Uijeongbu-si (0.68%) continued to increase. The cumulative increase rate of apartment sales prices in Goyang over four weeks reached 3.85%. The exclusive area of ​​84 square meters of’Samsong Wonheung Station Central Prugio’ in Wonheung-dong, Deogyang-gu, Goyang-si, has recently changed to 920 million won, which has risen over 200 million won in one year.

As’panic buying’ spread to the metropolitan area,’ultra-high-priced apartments’ of over 2 billion won in Gyeonggi Province also surged. According to the Ministry of Land, Infrastructure and Transport’s actual transaction price disclosure system, 101 apartments with a sale price of over 2 billion won in Gyeonggi-do last year were all. This is more than three times larger than 32 cases in 2019. Compared to 3 and 9 cases in 2017 and 2018, respectively, the increase is more pronounced. The areas where apartments over 2 billion won have appeared has also diversified. In 2019, all 32 cases were sold in Bundang-gu and Sujeong-gu, Seongnam-si. In 2020, apartments over 2 billion won in most of the Gyeonggi-do areas close to Seoul, including Bundang-gu and Sujeong-gu, as well as Ilsandong-gu, Gwacheon-si, Bucheon-si, Suwon-si Yeongtong-gu, Yongin-si, Suji-gu, and Hanam-si.

Considering that all regions, except for Ilsan-dong-gu and Bucheon-si, were designated as overheated speculation districts among the regions that joined the ranks of ‘2 billion won apartments’ in 2020, the side effects from the regulation seem to have taken off in earnest. Whenever the government increases the number of regulated areas, the market judges it as an’investment area’, and demand is more concentrated. Since its introduction in 2002, the district overheated with speculation has been criticized for saying,’The stigma effect will trigger and the price of houses in designated areas will rise and the prices of houses in areas that are not designated will be eliminated.’ It was also found that the `Lease Law`, which was enforced in July last year, further encouraged the appearance of super high-priced apartments. Of the 101 transactions last year, 71 cases (70%) were concentrated only after August.

Meanwhile, the sale price of apartments in Seoul rose 0.09% from the previous week, showing the same increase rate as last week. Seoul apartment prices have increased by 0.01 percentage points every week since December of last year, and this year, the rise has not declined to 0.06%, 0.07%, 0.09%, 0.09%, etc. in the first to fourth weeks of January. The Real Estate Agency analyzed that “there is an expectation for the maintenance business, or apartment prices have risen mainly in the station area, new complexes, and complexes with relatively undervalued prices.”

[권한울 기자 / 정석환 기자]
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