The appearance of apartments in Gangdong-gu, Seoul. Among the 25 autonomous districts, the rise in total price has been markedly broken in recent years. News 1
With the recent sedation of the Seoul jeonse market, the rise in jeonse prices in the Gangdong-gu area is particularly noticeable. According to the Korea Real Estate Agency on the 21st, the 3rd week of March (as of the 15th) in Gangdong-gu rose 0.01%, less than the previous week (0.04%). It is lower than the Seoul average rate of increase (0.05%). The fourth week of January was the same as the average increase in Seoul (0.12%), but fell in less than two months.
Remarkable decline among 25 autonomous districts in Seoul
Changes made by 3713 households’ occupancy volume
However, from the second quarter, the amount of move-in ↓
The Seoul market is still chaotic
According to private statistics, the total price has fallen. According to Real Estate 114, the jeonse price in Gangdong-gu fell 0.06% in the first week of March, which is the only one among 25 autonomous districts in Seoul. The decline continued in the second week (-0.01%) and the third week (-0.02%). What has changed in Gangdong-gu, which was one of the areas where apartment rental prices rose the most in Seoul since the 2nd Lease Act (the right to apply for contract renewal) was enforced last year.
Seoul charter price change rate. Graphic = Reporter Kim Kyung-jin [email protected]
The reason why the total price of Gangdong-gu has fallen noticeably is because of the’supply’. In Gangdong-gu, 3713 households have moved in since last month. Sangil-dong Godeokzai (1824 households), Gangil-dong Gangdong River District 8 (946 households), and Sangil-dong Gangdong Lien Park 14 complex (943 households). Excluding public leases, the number of occupants reached 2,700 households.
This is the effect of a’place of occupancy’ in which the existing houses were supplied as supplies as people who were sold apartments moved into new houses. An official from a public brokerage office in Gangdong-gu said, “As new apartments started moving in, chartered sales, which were down about 100 million won compared to the previous one, came out.”
According to the actual transaction price disclosure system from the Ministry of Land, Infrastructure and Transport, Godeok Lotte Castle Beneruche in Sangil-dong, Gangdong-gu, Seoul, was traded at 910 million won in December last year based on 84 square meters. Following that, the current quote is at around 700 million won.
Ji-hae Yoon, senior researcher at Real Estate 114, analyzed that “As the amount of occupancy in the Gangdong-gu area was concentrated, the total price of the adjacent Gangnam area was weak.”
Seoul apartment market is in the middle of’taking your breath’
Will the apartment price in Seoul be the same? A view of Seoul apartment from Yeouido 63 Art Observation Deck. yunhap news
The Seoul apartment sales market is truly mixed. Overall, the uptrend is declining, but there are also complexes that are hitting new prices. According to the actual transaction price system of the Ministry of Land, Infrastructure and Transport, there are increasing cases of apartment transactions in Seoul that have fallen compared to the previous transaction after the 2/4 supply plan. The number of transactions whose price declined from the previous transaction was only 18% (493 out of 2441 total) in January, but 24.9% (415 out of 1669) in February and 38.8% (out of 281 cases) in March. 109 cases).
In fact, the 89㎡ for Cheongdam Jai in Gangnam-gu was traded at 3.15 billion won (32 floors) on the 6th. Compared to the transaction at 3.5 billion won (11th floor) on the 3rd of last month, it fell by 350 million won. Yongsan KCC Welts Tower (84㎡), Yongsan-gu, was also traded at 1.06 billion won (14th floor) on the 8th, down 165 million won from last December (1.225 billion won, 13th floor).
However, there are also complexes that have renewed Shingo prices. Gangnam-gu Daechi Ssangyong 1st car 141㎡ was sold for 3 billion won (14th floor) on the 6th, recording a reported price. It increased by 370 million won from the previous transaction last June (2.63 billion won, 12th floor). The 59㎡ of Raemian Firstige in Seocho-gu was also traded for 2.6 billion won (7th floor) on the 1st. It rose 100 million won from the previous January 17 (2.5 billion won, 18th floor) transaction.
The sentiment to buy an apartment is calm. According to KB Kookmin Bank’s Liveon on the 21st, the apartment purchase advantage index in Seoul as of the 15th was 82.4. This is a 7.9 point decrease from the previous week (90.3). This contrasts with the rise to 114.6 in mid-January this year. If this index exceeds 100, it means there are many buyers, and if it is below 100, it means the opposite.
Park Won-gap, a senior real estate expert at KB Kookmin Bank, said, “Last year, the demand gap caused by buying a large number of apartments has been added to the fatigue caused by a short-term surge. It is in a state of’taking breath’, and it remains to be seen whether it will go down in earnest.”
Reporter Han Eun-hwa [email protected]
