Seoul Apgujeong Hyundai ‘4 billion’ report with reason… ‘Inverse balloon effect’ on local regulation

Apgujeong Hyundai ‘4 billion’ report… Helio and Resenz also’highest price march’
‘Last car ride demand’ ahead of the establishment of the association… “If it’s sold out, it’s reported”
National upward leveling in local’adjusted areas’… Gangnam inexpensive’optic illusion’

[서울=뉴스핌] Reporter Kim Seong-su = “People who sorted things out of the metropolitan area or the province where house prices have risen recently are changing to Gangnam, Seoul in search of a better area. Because Daechi-dong, Samseong-dong, Jamsil-dong, and Cheongdam-dong are also in Gangnam-dong, Banpo-dong and Seocho-dong are closed to land transaction permission zones. , Coming to Apgujeong-dong.” (Apgujeong-dong, Gangnam-gu, Seoul S authorized brokerage office)

House prices in Gangnam, Seoul are recording the reported prices. It is analyzed that the’reverse balloon effect’ is blowing in Gangnam, Seoul as the metropolitan area and provinces are largely grouped into areas subject to adjustment.

[서울=뉴스핌] Reporter Hyung-Seok Lee = An apartment complex in downtown Seoul. 2020.10.08 [email protected]

◆ Apgujeong Hyundai ‘4 billion’ report… Helio and Resenz also’highest price march’

According to the actual transaction price disclosure system of the Ministry of Land, Infrastructure and Transport on the 25th, 144m2 for Hyundai 7th Apgujeong-dong, Gangnam-gu, Seoul, was sold for 4 billion won (5th floor), the highest price ever. Some of the 144m² for exclusive use of 87 buildings in this complex are priced at 4.1~4.2 billion won, which is higher than this.

The 85㎡ dedicated to Helio City in Garak-dong, Songpa-gu recorded a reported price of 2.12 billion won (26th floor) on the 19th. The highest price just before was 1.97 billion won (17th floor) on September 29, two months ago, which is more than 150 million won.

The 100㎡ dedicated to the same complex also changed hands for 2.45 billion won on the 17th, breaking the record high. On July 29, which was the highest price just before, it rose more than 300 million won from 2,144 million won.

Asking prices for some complexes are higher than the highest. The selling price of the 85㎡ middle floor dedicated to Heliocity 304 dong jumped 100 million won to 2.17 billion won on the 9th. The price of a 100m2 high-rise for exclusive use of 315 buildings rose 50 million won to 2.5 billion won on the 14th.

The 85㎡ dedicated to Jamsil Recents in Jamsil-dong, Songpa-gu, hit the highest price of 2.32 billion won (18th floor) on the 3rd. On the 5th of last month, it was 30 million won higher than the transaction price of 2.29 billion won.

The elevated apartment in Banpo-dong, Seocho-gu is also approaching the highest price just before. The 112 square meters dedicated to Acro River Park in Banpo-dong were sold at 4.45 billion won (28th floor) on the 1st. On the 25th of last month, the same floor and the same area were traded at the reported price of 4.5 billion won. The 112m2 high-rise price for 103 buildings in this complex is set at 4.55 billion won.

The 198m2 for Raemian Firstage in Banpo-dong was traded at 4.7 billion won (15th floor) on the 21st. It is close to the highest price of 4.8 billion won (20th floor) recorded for an apartment with the same area on November 17, a month ago.

◆’Last train demand’ ahead of the establishment of the association… “If it’s sold out, it’s reported”

Recently, the sale price of apartments in Gangnam has been on the rise. According to the Korea Real Estate Agency, as of the third week of this month, Gangnam-gu (0.08%) rose mainly in Apgujeong-dong, where there is anticipation for the progress of the maintenance project.

Songpa-gu (0.10%) showed an uptrend in areas with anticipation for reconstruction, such as Garak, Jamsil, and Bangi-dong, while Seocho-gu (0.09%) showed an uptrend in middle and low-priced complexes such as Bangbae, Seocho, and Umyeon-dong.

In particular, Apgujeong-dong is receiving high attention from the market due to the recent pace of the reconstruction project. This month, Apgujeong-dong District 4 held an association inauguration general meeting and applied for permission to establish the association at Gangnam-gu Office. Areas 5 and 1, 2, and 3 are also preparing to hold a general meeting early next year.

This is because in the ‘6·17 Real Estate Measures’, members of the overheated district reconstruction members cannot receive the right to sell unless they live for more than two years. In order to circumvent this regulation, it is necessary to apply for permission to establish a union before March next year. In addition, in the case of reconstruction, the transfer of the status of a reconstruction member is prohibited in principle after the establishment of the association.

Apgujeong-dong S Authorized Brokerage Office said, “Apgujeong apartments are in the stage just before the establishment of a reconstruction cooperative, so customers are crowded.”

He added, “There are only a few for sale,” he added. “If a sale is sold, it will be traded higher than before, so the reported price will come out.”

◆ National upward leveling in local’adjusted areas’… Gangnam relatively inexpensive’optic illusion’

In addition, the government’s designation of large metropolitan areas and regions as target areas for adjustment is affecting the real estate market in Gangnam. On the 17th, the Ministry of Land, Infrastructure and Transport has additionally designated four metropolitan cities, including Busan, Daegu, Gwangju, and Ulsan, as well as Paju, Cheonan, and Changwon as target areas for adjustment.

As such regulations are imposed nationwide, there is a perception that it is better to buy a house in Gangnam, Seoul, where the location is better than in the provinces. In addition, it is analyzed that there is an illusion that housing prices in Gangnam are relatively cheap as the prices of houses in the metropolitan area and local areas have been leveled upward to the extent that they are tied to the adjusted area.

‘Mapo Prestige Xi’ (1694 households) 84㎡ move-in right in Yeomni-dong, Mapo-gu, which is moving in March next year, is said to have been traded for 2 billion won this month. The report traded last month is 150 million won higher than 1.85 billion won.

Garak-dong P Authorized Brokerage Office said, “I recently heard that Mapo apartments scored 2 billion won based on 30 pyeong.” .

“There are still people who think that Heliocity is still undervalued,” he added. “There are many cases where people living in the provinces also want to buy it.”

The balloon effect is also in effect due to the designation of a’land transaction permission zone’ in the Gangnam area. Consumers flock mainly to Gangnam apartments that are not included in the land transaction permission zone.

Apgujeong-dong S official brokerage office official said, “Jamsil-dong, Samseong-dong, Daechi-dong, and Cheongdam-dong are closed to land transaction permission zones, so there is no property for sale,” he said. “So, more people are crowding in Banpo-dong, Seocho-dong and Apgujeong-dong.”

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