HUG said, “If the screening criteria are disclosed, the possibility of predicting the amount of the high pre-sale price will increase.” This revised proposal is applied when a pre-sale guarantee is issued in a high pre-sale price management area, and areas where the pre-sale price limit system is enforced are excluded from the review. The amendment will take effect on the 22nd.
Previously, if there was a sales record of neighboring apartments within one year, it was not allowed to exceed this apartment sales price. If there is only an apartment sold for more than a year, it did not exceed 105% of the sold apartment price, and in the area that did not have a sold apartment within the last one year, the sale price was set too low than the market price.
In addition, HUG decided to reflect the situation of both the pre-sale market and the housing market by selecting two comparative sites, one for sale and one for completion.
The industry expects the pre-sale price to rise if the upper limit is based on the market price rather than the existing apartment pre-sale price. Previously, in areas where pre-sale was continued within a year, the pre-sale price was fixed at a certain level, and the gap between the pre-sale price and the market price expanded due to this, but this improvement is expected to narrow the gap.
Real House Sales Evaluation Team Leader Kim Byung-ki said, “The sales price is expected to rise. In the past, sales were set at 70-80% of the market price, so sales were not possible.” He added, “In the case of Heukseok District 2, if the existing high pre-sale price screening system is applied, it is expected to be around 30 million won per 3.3㎡, but if the improvement plan is applied, it will be higher.”
The decision to disclose the standard for calculating the pre-sale price, conscious of the controversy over the’blink screening’, is a factor that is expected to increase the sale price. Until now, HUG has only released rough guidelines regarding the screening criteria. Manager Kim explained, “There has been no transparency so far, but if you disclose it, all apartments to be compared and calculation methods will come out” Previously, there was a problem in that the gap between the market price and the market price was widened because the sale price was fixed at a certain level in regions where sale was continued within a year.
HUG has conducted high pre-sale price examinations at each branch, but it is planned to establish a dedicated organization at HUG headquarters for future examinations.
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