Seoul apartment prices are gradually stabilizing (Seoul = Yonhap News) Reporter Kang Min-ji = According to the actual real estate transaction information of the Ministry of Land, Infrastructure and Transport on the 21st, among apartment transactions in Seoul after the 2/4 supply plan, the number of apartment transactions in Seoul that has decreased in price compared to the previous transaction is increasing. It is analyzed that the rise in apartment prices in Seoul is slowly entering a stable trend. The photo is an apartment viewed from the 63 Art Observatory in Yeouido, Seoul. yunhap news
The rise in apartment prices in Seoul has almost stopped. According to the national weekly apartment sales price trend announced by the Korea Real Estate Agency on the 25th, the rate of increase in apartment prices in Seoul in the fourth week of March (as of the 22nd) recorded 0.06%, the same as in Jeonju. Seoul rose 0.10% in the first week of February, just before the announcement of the second and fourth measures, and recorded the highest increase this year for the seventh consecutive week (0.09%→0.08%→0.08%→0.07%→0.07%→0.06%→0.06%). It looks like it is shrinking.
Since the announcement of the 2·4 supply plan last month in the Seoul apartment sales market, the volume of transactions has decreased and the situation has continued to accumulate. Buying sentiment also declined. The Seoul apartment sales supply and demand index released by the Real Estate Agency fell for 5 consecutive weeks (110.6 → 109.8 → 108.5 → 107.4 → 105.6) after recording 111.9 in the second week of February. The trading supply and demand index is based on 100, meaning that there are more buyers and sellers if less than this, meaning that buyers are getting closer to the market where they dominate in trading and bargaining.
The Seoul average showed a stable trend, but the rate of increase was relatively high in the three Gangnam districts, including Songpa-gu (0.08%), Seocho-gu (0.07%), and Gangnam-gu (0.07%), as well as Yangcheon-gu (0.11%), Nowon-gu (0.09%), and Dongjak-gu (0.07%). Indicated. There are also places where the highest price (reported price) deals come out, centering on deteriorated complexes that are imminent for reconstruction.
The Real Estate Agency analyzed that “in the case of Seoul, both the opposition candidates running for the mayoral by-election all mentioned the deregulation of reconstruction and showed strong strength mainly in regions with anticipation of reconstruction, and the buying trend continued in regions with many mid- to low-priced complexes.”
In particular, apartment prices in areas expected for private reconstruction in Seoul, such as Apgujeong-dong, Gangnam-gu, Seoul, and Mok-dong, Yangcheon-gu, continue to rise. Apgujeong-dong Apgujeong Hyundai 1st 12-dong dedicated 196m2 Recently, the actual transaction was 6.3 billion won. It was traded at 100 million won per 3.3 square meter, but it rose 1.15 billion won in about one month after it was traded at 5.15 billion won (3rd floor) in the same complex on the 5th of last month.
Apgujeong complexes were in a hurry to establish a union, and the speeding up of the business had an impact. Apgujeong 4 and 5 districts were the first of the six specially planned areas to be approved for establishment. The remaining zones 1-3 are also speeding up. The Mokdong New Town area is also experiencing the highest price. The 91㎡ of Mokdong New City Complex 1 was traded at 2,010 million won, an increase of 150 million won from last month on the 1st of this month.
Seoul apartment rental prices have also declined. The rent for apartments in Seoul this week rose by 0.04%, reducing the increase from last week (0.05%). In particular, in the case of Gangnam-gu, it has shifted from a 0.01% increase last week to a 0.01% decrease this week. It has been 45 weeks since the second week of May last year (-0.01%) when the weekly increase rate in Gangnam-gu recorded negative.
An official from the real estate agent said, “The chartered property is accumulating centering on the expensive apartments where the jeonse price has skyrocketed for a short period of time, and it seems that the landlords who are in a hurry to lower the price have turned to a downtrend.”
Reporter Kim Won [email protected]
