View of Hyundai Apartment in Apgujeong [한주형 기자]The Gangnam reconstruction market is booming as President-elect Yoon Seok-yeol pledged to ease the reconstruction regulations. The first apartment in Gaepo Woosung sold for 5.1 billion won, up 1.5 billion won from the previous high.
According to the Korea Real Estate Agency on the 27th, apartment prices in Gangnam-gu and Seocho-gu in Seoul jumped 0.01% last week from a week ago.
During the same period, among the 25 autonomous districts in Seoul, only Gangnam-gu and Seocho-gu saw an increase in apartment prices. Apartment prices in Gangnam-gu and Seocho-gu, Seoul, turned upside down for the first time in eight weeks. In the case of Songpa-gu, it was 0.00%, and as urgent sales in major areas such as Jamsil-dong and Sincheon-dong were exhausted and asking prices rose, the decline continued for five weeks from the first week of last month and remained flat from last week.
Real estate experts analyzed that prices in Gangnam-gu and Seocho-gu, where reconstruction complexes were concentrated, were rising in line with President-elect Yoon’s easing of real estate regulations. Reported transaction occurred in reconstructed apartment building in anticipation of deregulation.
President-elect Yoon’s side advocated lowering the proportion of structural safety (50%) among safety diagnosis items. He also promised to ease regulations related to reconstruction, such as a system for recovering excess profits from reconstruction. One of the promises is to exempt from safety inspections for apartments that have been built for more than 30 years.
As a result, the 158 m2 type of Gaepo Wooseong 1st Apartment was sold for 5.1 billion won in the middle of this month. The previous highest price was 3.6 billion won, which means that the transaction price has risen by 1.5 billion won at one time. The new Hyundai 11th car 183m2 in Apgujeong-dong, Gangnam-gu, Seoul signed a sales contract for 5.95 billion won, which also broke the new record price. In one year and three months, 750 million won increased.
A 48㎡ type of Hyundai Apartment in Seocho-dong, Seocho-gu, which is preparing for safety examination, also sold for 2.05 billion won this month, recording a new record price. 3 billion, up from last year’s high.
Earlier, on the 25th, President-elect Yoon participated in a work report of the Ministry of Land, Infrastructure and Transport, and requested a review of deregulation for multi-family dwellings. With such expectations, the real estate market is booming once more, centering on the Gangnam area.
Officials from the Gangnam real estate agency said that immediately following the election, the asking price of Jamsil Jugong 5 Complex, Apgujeong Hyundai, Daechi Eunma, and Mokdong New Town Apartments rose by more than 100 million to 200 million won, and some properties were being withdrawn.
Some point out that the launch of the Yun-elected government cannot be viewed only as a good news for the reconstruction market. President-elect Yoon’s side has also foretold measures to curb speculation along with easing restrictions on reconstruction.
[배윤경 매경닷컴 기자]
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