Raemian One Bailey’s aerial viewThe general sale price of the apartment’Raemian One Bailey’ (Shinbanpo 3rd, Gyeongnam apartment reconstruction) in Banpo-dong, Seocho-gu, Seoul, was decided at 56686,000 won per 3.3㎡ (1 pyeong). It is the best selling price ever. This is higher than the pre-sale price (48.91 million won per pyeong) set by the Housing and Urban Guarantee Corporation (HUG) in July last year, which is higher than the pre-sale price (48.91 million won per pyeong).
According to the association on the 8th, the Seocho-gu pre-sale price deliberation committee decided that the general sale price of’Raemian One Bailey’ was 56686,000 won per pyeong. Land, construction, and additional expenses are all included. Based on the supply area of 33 pyeong, it is about 1.9 billion won, which is 60% of the surrounding market price (3.1 billion to 3.7 billion won). Therefore, reselling of pre-sale rights for 10 years is restricted.
On July 28 of last year, the cooperative received a guarantee for sales of 48.91 million won per 3.3㎡ from HUG on July 28 last year, but the general pre-sale price was lower than the pre-sale price of members, and the cooperative strongly opposed it. The union eventually rejected the pre-sale price of HUG and turned to the upper limit, which the government said was a stronger regulation, resulting in a higher pre-sale price than the market expected.
An official from the union said, “There was an expectation that it would be limited to 80% of the HUG pre-sale price if the installment system was applied, but in the end, the cooperative’s judgment was correct.” “High incredible results.” The union said that as a result of this, the union has earned an additional profit of 43.3 billion won compared to when calculating the pre-sale price of HUG.
Accordingly, it is expected that the restrictions on the ceiling on pre-sale prices will be neutralized in the Gangnam area in the future. One expert said, “The significance of this announcement is that the powder system will not act as a meaningful regulation for the reconstruction promotion.” The government announced that if the private sale price limit system was implemented, the sale price would be lowered by 5-10% compared to the price through HUG’s sale price review, but as the opposite result came out, the effectiveness and legitimacy of the price regulation are expected to be severely affected. As a result, there is an analysis that the Moon Jae-in administration made a breakthrough in the reconstruction projects in the Gangnam area, such as Dunchon Jugong, Gangdong-gu, where the enforcement of the pre-sale price cap system introduced by proclaiming’stronger regulation’ was practically stopped.
The pre-sale price of Raemian One Bailey was initially expected to exceed 50 million won per 3.3㎡. This is because the land cost was set at 42 million won per 3.3㎡ after deliberation by the Korea Appraisal Board last November. At the time, the maintenance industry predicted that the construction cost per 3.3㎡ of One Bailey would be around 10 million won. The apartment sale price is calculated by adding the construction cost and land cost.
However, the Seocho-gu Sales Price Deliberation Committee set the construction cost for Raemian One Bailey at KRW 14.68 million per 3.3㎡, exceeding market expectations. △ Home network facility cost △ Excess legal welfare facility installation cost △ Eco-friendly building certification cost, which is the largest additional construction cost incurred when constructing high-end specifications. An official of the Won Bailey Association said, “The additional construction cost is recognized as an expense to prevent the deterioration of the quality of the house and the uniform design.” Analyzed.
The maintenance industry pays attention to the fact that the general sale price of Raemian One Bailey is higher than before the introduction of the cap system. Until before, there were many analyzes that if the upper limit system was implemented, it would be lower than the pre-sale price set by HUG. The Ministry of Land, Infrastructure and Transport also announced a ceiling on pre-sale prices, which predicted that the pre-sale price would be lowered by 5-10%.
Some observers say that the government will loosen restrictions on apartments in the final stages of reconstruction. As soon as the former Minister Kim Hyun-mi, who was the “real-life minister,” leaves the office as the Minister of Land, there is also an analysis that the government officials of the Ministry of Land, who have to deal with lawsuits and other lawsuits in the future, are letting go of regulation. An official from the maintenance industry said, “There is an analysis that the Ministry of Land, Infrastructure and Transport has significantly increased the publicly announced land price and thus the land appraisal amount has increased, but it is also the final authority of the government to admit it. It can not be structured.”
In fact, the reconstruction apartments in the Gangnam area, who watched the case of Raemian One Bailey, are expected to significantly relieve the fear of the sale price ceiling system. In Seoul alone, Gangdong-gu Dunchon Jugong Apartment, Sinbanpo 15th (Raemian Onepentas), Sinbanpo 4th District (Shinbanpo Maple Xi) are facing general sale through the sale price limit system.
Although the sale price of Raemian One Bailey exceeded 56 million won per 3.3㎡, it is still counted as a’lotto sale’ compared to the surrounding market price. Nearby Banpo Daejangju Acro River Park and Raemian Firstage are sold at more than 100 million won per 3.3㎡.
The complex is located in a station area close to the Express Bus Terminal Station and Sinbanpo Station through which Seoul Subway Lines 3, 7, and 9 pass. Gyeseongcho, Jamwoncho, Sinbanpo Middle School, Sehwa Girls’ Middle School, Shinsegae Department Store and Seoul St. Mary’s Hospital are nearby. Out of a total of 2990 households, 224 households minus the number of members are general sales.
[손동우 부동산전문기자 / 김태준 기자]
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