Just 39% in March, down compared to the previous transaction…
“It remains to be seen if the downtrend continues”
Hankyoreh material photo
In recent years, the actual transaction price of major apartment complexes in Seoul has been slightly falling, and the trend of the uptrend is becoming more pronounced. It is analyzed that buying sentiment is calming as the so-called’panic buying’ (panic buying) phenomenon has disappeared after the government’s ‘2/4 supply measures’, but there is also a deliberate opinion that it remains to be seen whether apartment prices will lead to a full-fledged decline. Looking at the actual transaction price system of the Ministry of Land, Infrastructure and Transport on the 21st, among apartment transactions in Seoul after the 2nd and 4th supply measures, the number of transactions in which the price decreased compared to the previous transaction is increasing. The number of transactions whose price declined from the previous transaction was only 18.0% (493 out of 2441 total) in January, but increased to 24.9% (415 out of 1669) in February, and 38.8% in March (1-17). (109 out of 281 cases) is a trend that is gradually increasing. Cases where the reported price has fallen from the previous year are confirmed throughout Seoul. In the case of 84㎡ of exclusive area for Eunma Apartment in Daechi-dong, Gangnam-gu, a contract was signed for 2.32 billion won (6th floor) on the 2nd of this month, and it was traded at a price of 130 million won lower than 2.45 billion won (6th floor) on the 24th of last month. 89.1m2 for Cheongdamzai, Cheongdam-dong, Gangnam-gu, is also sold at 3.15 billion won (32th floor) on the 6th of this month, down 10% (350 million won) compared to 3.5 billion won (11th floor) on the 3rd of last month.
In the outskirts of Gangbuk, such as’Mayongseong’ (Mapo, Yongsan, Seongdong-gu), an area where high-priced apartments are concentrated, and’Nodogang’ (Nowon, Dobong, Gangbuk-gu), where there are many mid- to low-end complexes, it is not difficult to find deals with lower prices. . Yongsan KCC (KCC) Welts Tower 84㎡, in Munbae-dong, Yongsan-gu, was sold for 1.06 billion won (14th floor) on the 8th of this month, and its price rose 165 million won from the end of last year (1.225 billion won). In the case of 45.9㎡ of 45.9㎡ of the 7th (high floor) in Sanggye-dong, Nowon-gu, on the 12th of this month, a contract was written for 550 million won (12th floor), down 70 million won from the previous transaction, 620 million won (13th floor). An official brokerage in Sanggye-dong said, “Up to last January, most of the transactions were made at the declared price due to the strong buying trend. After the 2nd and 4th measures, the wait-and-see trend of consumers became thicker, and the price rise was also broken.” Indeed, the sentiment of buying apartments in Seoul, which was surveyed by front-line realtors, is clearly calming this month. The Seoul apartment purchase advantage index surveyed by KB Kookmin Bank was 96.2 in the first week of this month, falling below 100 for the first time this year, then 90.3 in the second week and 82.4 in the third week, falling below 100 for three consecutive weeks. If this index exceeds 100, there are many buyers, and if it is less than 100, there are many sellers. In the first week of July last year, when the housing market overheated, it had soared to 154.5. In the real estate industry, after the recent surge in apartment prices for a short period of time, the potential for further upside is limited, and if supply expansion becomes visible due to pre-subscription for the third new city and public housing after July, it is highly likely that apartment prices in Seoul will enter a more pronounced stabilization trend. see. In addition, it is diagnosed as variables that will affect the housing market, such as an increase in the holding tax burden due to the recent increase in public prices and an increase in the interest rate on mortgage loans. Park Won-gap, senior real estate expert at KB Kookmin Bank, said, “As the government has declared, if the 2·4 supply plan proceeds smoothly and the rising mood of the recently visualized mortgage interest rate for commercial banks continues, the housing market stability will become clear, but it is still too predictable.” Pointed out. By Choi Jong-hoon, staff reporter