[서울신문] ‘Cheongdam PH129’ is the most expensive apartment at the public price of 16.3 billion won (total)

Public housing price increased by 19.08% on average nationwide… Sejong surged by 70.68%
Applying’Public Price Realization Roadmap’… “The price has risen a lot, and the rise is large”

While the publicly announced apartment price this year rose 19.08% on average across the country,’The Penthouse Cheongdam’ (PH129) in Cheongdam-dong, Gangnam-gu, Seoul was found to be the most expensive apartment house in Korea this year. The public price of 407.71m2 for this apartment is 16.32 billion won.

On the 15th, the Ministry of Land, Infrastructure and Transport announced the’Public price for apartment houses in 2021′. According to the Ministry of Land, Infrastructure and Transport, The Penthouse Cheongdam is the most expensive place.

The Penthouse Cheongdam is a luxury apartment built on the site of Ellui Hotel in Cheongdam-dong, Gangnam-gu, Seoul. It is a new construction completed last October. The complex is of 29 households, including 27 units of 273m2 for exclusive use of 6 floors below ground to 20 floors above ground and 2 units of the highest floor penthouse. It is known that the sale price of the penthouse on the highest floor of this apartment amounted to 20 billion won, and the other floors were also sold for 8 to 12 billion won.

The published price quickly reached the highest in the country. The Penthouse This year’s public price of 407.71m2, which is estimated to be the tallest penthouse in Cheongdam, is 16.32 billion won.

The second place was’Traum House 5th’ in Seocho-dong, Seocho-gu, which kept the number 1 in the official price for 15 years until last year. The publicly announced price for the 5th traum house is 7.29 billion won, an increase of 36 million won from last year (6.992 billion won).

Following this, 247.03㎡ for exclusive use of Building A of’Hyosung Villa Cheongdam 101′ in Cheongdam-dong, Gangnam-gu, ranked 3rd with 7,064 million won.

In addition, △273.14㎡ 7 billion KRW for’Sangji Ritzville Kyle Room’ in Samseong-dong, Gangnam-gu △273.14㎡ 7 billion KRW for’Sangji Ritzville Kyleroom’ in Dogok-dong, Gangnam-gu 214.95㎡ 7 billion KRW appear.

The top 10 listed prices are Seoul △6 Gangnam-gu △2 Yongsan-gu △1 Seocho-gu △1 Seongdong-gu by region.

19.08% increase in public apartment price this year… Best since 2007

According to the Ministry of Land, Infrastructure and Transport on that day, the national average public housing price increase this year was 19.08%.

The rate of increase in the public housing price of apartments has been on a gentle upward curve from 4.44% in 2017 to 5.02% in 2018 and 5.23% in 2019, followed by 5.98% last year. It is the highest in 14 years since the 22.7% in 2007, when the publicly announced prices were raised a lot at the same time during the past participatory government.

In regions where the recent price increase rate has risen, the public price increase rate has been high. Sejong surged 70.68% compared to last year, Gyeonggi-do increased by 23.96%, and Daejeon increased by 20.57%. Seoul rose 19.91%, Busan rose 19.67%, and Ulsan rose 18.68%.

The Ministry of Land, Transport and Maritime Affairs explained that the’Public Price Realization Roadmap’ announced last year was applied when calculating the public housing price this year, but the public price of apartments such as apartments rose so much last year, rather than the roadmap.

According to the roadmap, the public housing price realization rate will rise to 90% by 2030. For those with less than 900 million won, the realization rate will reach 90% by 2030, but for those with more than 900 million won to 1.5 billion won in 2027, the realization rate will reach 90% in 2025, and so on.

The Ministry of Land, Infrastructure and Transport raised the realization rate by only 1.2 percentage points this year. Apartment houses with a price of 900 million won or more will increase by 3% per year on average, and those with a market price of less than 900 million won will increase by 3 percentage points after raising the actualization rate to 70% by 2023 by 2023. The realization rate rose only 0.63 percentage points.

An official from the Ministry of Land, Infrastructure and Transport explained, “The realization rate has risen slightly, but the price of apartments has risen a lot last year, and the published price has risen by that level.”

The median public price is 160 million won nationwide, and Sejong is the most expensive with 432 million won by region, followed by 380 million won in Seoul, 280 million won in Gyeonggi, and 170 million won in Daegu. The median price ranking has changed for the first time since 2006, when the apartment price disclosure was implemented. For this reason, it is interpreted that among 17 cities and provinces, the rate of increase in the published price of Sejong has soared by more than 70%.

The number of apartment houses subject to disclosure this year is 14.25,000 units, an increase of 2.7% from 13.83 million units last year.

The proposed public housing price plan is scheduled to be decided and disclosed on the 29th after receiving opinions from the owners by the 5th of next month and after deliberation by the Central Real Estate Price Disclosure Committee.

From the 16th, the published price plan can be viewed on the website (www.realtyprice.kr) and the Civil Affairs Office of City/Gun/Gu offices.

Reporter Lee Bo-hee [email protected]