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| A sample house for a pre-sale apartment in the metropolitan area. (News 1 material photo) © News1 Jo Tae-hyung |
Dissatisfaction among homeless people is arising over the criteria for evaluating high pre-sale prices by the Housing and Urban Guarantee Corporation (HUG) newly established by the government. This is because the possibility of a rise in the pre-sale price increases as the pre-sale price in the high pre-sale price management area has been raised to 90% in the market price. Wonsung’s voice is loud, saying that the homeless end-users have kicked the ladder for my home.
◇Management of high sales prices, local sales prices, up to 90% market price… “Expected to activate housing supply”
According to the real estate industry on the 15th, HUG has recently completely revised the rules and enforcement regulations for high pre-sale prices currently in operation.
According to the revised bill, HUG will set a maximum of 90% of the surrounding market price when evaluating the sale price of the high sale price management area starting on the 22nd. The target for market price comparison is to select one site for each of the adjacent pre-sale and completion sites. In addition, by dividing the evaluation criteria into location, complex characteristics, and business stability, each item is evaluated with neighboring business sites, and the place with the smallest difference in total score will be selected as the comparative business site.
Currently, the management areas of high-selling houses are the metropolitan area (excluding some areas), Busan (excluding Jung-gu and Gijang-gun), Daegu (excluding parts of Dalseong-gun), Gwangju, Daejeon, Ulsan Nam-gu and Jung-gu, Sejong, Cheongju, Cheonan, Nonsan, Gongju, Jeonju, and Pohang. Etc. Among them, Seoul, Gwangmyeong, Hanam, and Gwacheon in Gyeonggi-do apply the upper limit on the sale price of private housing.
The housing industry expected HUG’s amendment to solve the problem of’lottery subscription’ and revitalize housing supply.
An official from the Korea Housing Industry Research Institute said, “HUG has been forced to cut the sale price of private apartments excessively in the name of reducing the risk of pre-sale guarantees. Over the past 3 years, more than 200,000 apartments in the metropolitan area have been suspended or pending sale.” With this improvement in the screening criteria, it is expected that the supply of private apartments in the metropolitan area and local metropolitan areas will be activated to some extent.”
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| (News 1 material photo) © News 1 |
◇”Surprising apartment prices will lead to a rise in pre-sale prices” Dissatisfaction with homeless consumers ↑
The rise in pre-sale prices seems inevitable. Apartment prices in most of the high pre-sale management areas have risen sharply. It is difficult to fully reflect the market price around pre-sale business sites, but the industry’s opinion is that it will increase significantly compared to the existing HUG pre-sale price.
For example, in Busan, which is currently a management area for high sales, the market price of popular areas such as Haeundae is at or near 40 million won per 3.3㎡. If this measure releases the bargaining control of the sale price, the sale price could soar to the high end of 30 million won right away. The average sale price of private apartments in Busan last year was around 14 million won per 3.3㎡.
The ease of control of pre-sale prices has resulted in a rise in pre-sale prices in the metropolitan area and local metropolitan areas, and complaints from homeless end-users are also growing.
Right now, numerous complaints are flooding not only in the online real estate community but also in the public opinion plaza of the Ministry of Land, Infrastructure and Transport. Mr. A said, “In a few months, 100 million won is the basic and several billion won has risen, but now we are setting the sale price according to the market price.” “Do you mean that policies that asked you not to buy a house but wait for the sale are expensive? “He said.
The real estate industry said that the possibility of a decline in house prices was even lower due to the rise in pre-sale prices. An industry official said, “With this amendment, we can expect a net function of alleviating overheating of subscriptions, but an increase in pre-sale prices will be inevitable.”
He added, “The rise in land prices will neutralize the installment system. If even the HUG sales price rises, the collapse of the homeless consumers waiting for the subscription will be great,” he added. “Now, even the sales price will bring about the result of supporting the house price.”