Only 42% of 66,000 households are actually
The apartment viewed from the 63 Building in Yeouido, Seoul on the 27th. yunhap news
It was found that less than half of the actual sales of apartments in Seoul were scheduled at the beginning of this year. This is the effect of massive delays in reconstruction and redevelopment projects due to the corona 19 aftermath and the application of an upper limit on the sale price of private residential land.
According to Jikbang, a real estate information company on the 28th, this year’s apartments were sold in total of 28,2214 units across the country, including 14,290 households in the metropolitan area and 13,7924 in the local area. It is 90% of the volume (314,000 households) scheduled at the beginning of the year. In particular, of the 66,566 households scheduled to be sold in Seoul, only 28,100 households (42.2%) were actually sold.
The biggest impact on the sales schedule of construction companies was the spread of Corona 19. In March and April, when the first pandemic occurred, the sales performance rate was only 36% and 32%, respectively, and the third pandemic spread at the end of the year, and many complexes delayed the sales plan to next year.
The upper limit on the sale price of private residential land, which was applied from the end of July, had an impact. At the beginning of the year, the share of the redevelopment/reconstruction sales volume was 55%, but the actual sales share was 32%.
The estimated quantity for sale next year was surveyed at 233,000 households. Also included are Raemian One Bailey, Seocho-gu, Seoul, and Avenue of Dunchon Olympic Park in Gangdong-gu, which postponed the sales schedule this year.
As the apartment sales volume was reduced or the schedule was delayed, the subscription competition rate continued to rise. This year, the national average subscription competition rate was 27.4 to 1, and Seoul Metropolitan Government was 77 to 1, the highest competition rate among local governments nationwide. It is analyzed that the demand for new apartments increased, and the sales price of existing apartments soared, and the demand in the subscription market was concentrated.
Hillstate Namcheon Station The First, Suyeong-gu, Busan, ranked first in the country with an average subscription competition rate of 558.02 to 1, followed by Godeok Artes Smile (537.08 to 1) in Gangdong-gu, Seoul and Prugio Ortus (534.86 to 1) in Gwacheon, Gyeonggi-do.
Young-jin Ham, head of Jikbang Big Data Lab, said, “After the sale price cap system, business sites that are not scheduled will be sold at a lower price than the market price, and it is expected to continue to be popular. As much as that, we need to be careful in establishing a funding plan.”
Reporter Park Sejun [email protected]
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