Calculation process opaque pointed out one after another
With the release of basic calculation data on the 29th of next month
When the government significantly raised the public housing price this year, voices of dissatisfaction are erupting. In particular, when the government did not disclose specific details regarding the standard for calculating the official price of apartment houses, criticism was raised that the official price was artificially raised higher than the actual market price.
According to statistics from the Korea Real Estate Agency on the 17th, the nationwide apartment sale price index rose 7.57% last year. It is said that apartments worth 1 billion won have risen to 1,750.7 million won a year.
On the other hand, according to the publicly announced price plan for apartments and other apartments this year announced by the Ministry of Land, Infrastructure and Transport, the rate of increase in the publicly announced prices of apartments nationwide was 19.08%. This means that the quoted price is more than twice the rate of increase in house prices.
Sejong City, which had the highest rate of increase in public housing prices, reached 70.68%. On the other hand, the rate of increase in apartment sales prices is 44.93%, which differs greatly.
The same goes for Seoul. While apartment prices in Seoul rose 3.01% last year, the rate of increase in public prices this year reached 19.91%. The rate of increase in apartment sales prices in Busan was 7.91%, while the official price rose 19.67%.
The Ministry of Land, Transport and Maritime Affairs explains that the public price has risen significantly because the actualization rate this year (price reflection rate) rose only 1.2 percentage points from last year. As the actual house price has risen so much, the published price has also risen. However, it is difficult to understand this explanation when looking only at Seoul and Busan. Last year, the rate of increase in apartment sales prices was more than double that of Busan, but the rate of increase in publicly announced prices was rather lower. In the end, it is difficult to explain just that the quoted price was applied by reflecting the market price.
Regarding this, some point out that this is due to the difference in the method of calculating the rate of increase in apartment prices at the Korea Real Estate Agency and the rate of increase in the public housing price. The rate of increase in the publicly announced prices of apartment houses is calculated by adding the total publicly announced prices of all apartments set this year and comparing them with the total publicly announced prices last year. I can.
An official of the Ministry of Land, Infrastructure and Transport said, “The official price is calculated by reflecting the price-forming factors such as the location of the east and the floor of the house, view and steering, sunlight, and noise.” No,” he said.
As criticism continued that the process of calculating the public housing price was not transparent, the government decided to disclose basic calculation data (reference data on characteristics and prices of the relevant house, etc.) at the time of the determination and disclosure of the publicly announced price on the 29th of next month.
Earlier, the government made a pilot release to Sejong City in last year’s public announcement.
It was also disclosed in the public announcement. At that time, the accessibility of hazardous facilities (distance to railroads, high-speed national highways, etc.) and other restrictions (city, military planning facilities) shape, land characteristics such as elevation, and building characteristics such as building structure and number of floors were numerically used as the published price calculation data.