Songpa-gu apartment price increase this year, 2nd place in Gangnam-gu and Nowon-gu

Among the 25 districts in Seoul this year, the rate of increase in apartment prices in Songpa-gu was the highest.

According to the Korea Real Estate Agency on the 19th, until last week this year, apartment prices in Seoul rose 1.12% compared to the end of last year. Apartment prices in Songpa-gu rose 1.77%, and Gangnam-gu (1.42%) and Nowon-gu (1.42%) were tied for second place in the rate of increase in apartment prices. This was followed by Seocho (1.4%), Mapo (1.38%), and Yangcheon-gu (1.31%).

Since the inauguration of Seoul Mayor Oh Se-hoon on the 8th, apartment complexes that are pursuing reconstruction projects are remarkable. According to Real Estate 114, a real estate information provider, the price of rebuilt apartments rose 0.18% from the previous week.

The market prices of Miryung, Miseong, Samho 3 in Wolgye-dong, Nowon-gu and Sanggye Jugong 16 complex in Sanggye-dong, respectively, rose 10 million to 25 million won in a week after taking office as Mayor Oh. In Yangcheon-gu, the 3rd and 7th complexes of Mokdong New City ran 40 million to 50 million won, respectively.

Hanbomido Mansion in Daechi-dong, Gangnam-gu, Sinbanpo 22 Cha in Jamwon-dong, Seocho-gu, and Jamsil Jugong Complex 5 in Jamsil-dong, Songpa-gu, rose 15 to 50 million won, respectively.

Looking at the exclusive area of ​​76.5m2 of Jamsil Jugong Complex 5, on January 8th, it was traded at 2.263 billion won (8th floor). On the 3rd of last month, it was sold for 2,433 billion won (5th floor). It rose 137 million won in about two months. Currently, the asking price of the landlords at the brokerage business is between 2.5 billion and 2.7 billion won. “Most landlords are in a position to watch the reconstruction process,” said A, a real estate agent operating in this area.

In Seocho-gu, there are 32 complexes promoting reconstruction projects, the largest in Seoul. In Mapo-gu, apartment prices rose in Seongsan-dong (Daewoo, Sunkyung, Yuwon) in Seongsan-dong. The 11th complex of Mokdong New City was judged impossible to rebuild at the 2nd precise safety examination last month. However, after the Seoul Mayor’s by-election, the price of the landlords has increased.

Lim Byeong-cheol, senior researcher at Real Estate 114, said, “Recently, Mayor Oh has expressed a position to’control the speed’ for reconstruction. However, in the trading market, expectations for deregulation are working more.”

Reporter Kim Won [email protected]