In the rear book supply measures… Zipconomy rapidly increasing by splitting shares of candidate sites for public redevelopment

While the selection of additional candidate sites for public redevelopment is scheduled for March, it was found that the number of households in these regions increased by about 1,000 through’split shares’. Splitting shares is a method of demolishing detached houses and building villas to increase the number of targets for sale. It is pointed out that in a situation where the house price is overheated, the countermeasures to supply the North Korean government have driven speculation.

‘Split the stake’ wind

On the 27th, as a result of a thorough survey of the construction permits of 47 sites for the second candidate site for the public redevelopment pilot project, it was found that 99 villas and other multi-family housing new construction permits were obtained in these regions last year. Considering the size of around 10 households per villa, the total number of households has increased by about 1,000 in a short period of time.

Ten new villa construction permits were granted in the area of ​​30 Wonhyo-ro 1-ga, Yongsan-gu, near the southern area of ​​subway line 1. The situation is no different in Jangwi New Town, Seongbuk-gu, which was hit by the’New Town Exit Strategy’. It was investigated that 10 and 7 multi-family housing construction permits were granted in the old Jangwi 11 district (Jangwi-dong 66 area) and the old Jangwi 9 district (Jangwi-dong 238 area) respectively. The old Jangwi District 8 (the 22nd area of ​​77 Jangwi-dong) facing each other across a road was also counted as 6 cases.

The most building permits are in the old Godeok District 1, Godeok-dong, Gangdong-gu (around 501 Godeok-dong). In total, 11 building permits were granted. It was once locked up as a detached house reconstruction area and then released. As rebuilt apartments such as’Godeok Raemian Hill State’ and’Godeok Grasium’ were lined up in the vicinity, some residents announced that they would do public redevelopment.

Front-line brokerage firms agree that the splitting of stakes has increased since the government announced the introduction of public redevelopment. Public redevelopment was outlined through the May 6 measures last year. The number of villa construction permits in candidate areas increased from 25 cases in January to April last year to 27 cases in May and August, and 47 cases in September and December. A certified official in Jangwi-dong said, “If you consider the degree of street housing renovation and even have the option of public redevelopment, the villa will have to be sold on fire.”

However, in the selection of the first candidate site for the public redevelopment pilot project announced earlier this month by the government, the issue of splitting shares did not appear on the surface. This is because the target site was selected from among the existing maintenance areas. In the maintenance area, new construction of villas, etc., is not possible due to restrictions on building activity permits. However, the second candidate site to be announced in March is for areas that have been lifted from maintenance areas and areas that have not been designated as maintenance areas at all. This is why sharp conflicts are expected except for some areas where construction activities were preemptively blocked by each ward office.

40% risk of liquidation

The problem is the date of calculation of rights, which is the concept of’the date of prohibition of splitting of shares’. The date of the calculation of rights for areas newly designated as zones due to public redevelopment is September 21 last year. This is the day when the government started offering candidates. If it is a general redevelopment area, the date on which the rights are calculated will be announced at the time the zoning is designated. However, for public redevelopment, no matter when the zone is designated, the date for calculating the right will be advanced to the date of the public offering.

Of the 99 building permits for 47 of the second candidate sites, 40 of them have been approved since September 21 last year. Even if about 40% of the new villas are purchased, there is a risk of cash settlement without receiving a new apartment. There is a possibility that a mass liquidation situation will occur. An official from Seongbuk-dong B official said, “The permission was received in advance, but the completion was after September 21,” and said, “The inquiries from buyers are flooding due to no clear progression measures.” Kang Young-hoon, CEO of Real Estate Study Cafe, pointed out, “As the market is heated up and attempts to activate the maintenance business belatedly, side effects will inevitably occur.”

Hasty investment can be poison. The government plans to increase the sale price of non-native members of the successor union by revising the articles of association of the areas designated as public redevelopment. It is that new apartments are to be received by the neighboring market generation, not by member sales or general sales. This is to block the demand for tenant investment. Tumi Real Estate Manager Kim Je-kyung explained, “Because there are no ones who want to inherit the right to move in, it may become virtually impossible to sell them midway.”

Reporter Hyungjin Jeon [email protected]

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