84㎡ Partial quantity uncontracted… ‘Payment of interim payment and balance within 60 days’ seems burdensome
99% of Dunchon Jugong reconstruction medium-sized units sold… Small contract rates are still low
A community inside Mapo The Clash, Ahyeon-dong, Mapo-gu, Seoul. The Clash website
‘Mapo The Clash (redevelopment of Ahyeon District 2)’ in Ahyeon-dong, Mapo-gu, Seoul, which was controversial for its high sale price, failed to be sold out even in ‘Unranked Jeopjub’. In the construction industry, it was analyzed that unsold apartments occurred because of the problem of having to pay the interim payment and balance at the same time as the contract as it is a post-sale apartment. However, there are not many households left.
Comprehensive coverage of the Kyunghyang Shinmun on the 14th, ‘Mapo The Clash’ recorded a competition rate of 20.3 to 1 as 549 people flocked to the recruitment of 27 households for ‘unranked subscription’ held on the 30th of last month, but by the 10th, the contract deadline, some 84㎡ It has been confirmed that stock remains. Initially, 792 subscription bankbooks were gathered for the recruitment of 53 households for general sale, recording a competition rate of 14.94 to 1. However, as half of the winners gave up the contract, it is known that 27 households came out in bulk.
An official from the construction industry said, “59㎡ is sold out, and we know that some of the 84㎡ have not been contracted.” . ‘Mapo The Clash’ is a post-sale complex, and the intermediate payment and balance payment must be completed within 60 days. It is estimated that 3 to 4 of the 84㎡ remain. 59㎡ 1 unit has been sold.
A representative of a real estate agent near Ahyeon-dong said, “There was a lot of talk that the sale price was set too high, but if there were only that amount left in the current real estate market, the performance would have been much better than expected.”
Mapo The Clash, which was created by redeveloping the Ahyeon 2 district in Ahyeon-dong, is a large complex with 1419 units in 17 buildings with 5 floors below the ground and 25 floors above the ground. The exclusive area is 32 ~ 84㎡, consisting only of small and medium-sized flats, and in general sales, 53 households of 59 ~ 84㎡ in two flats came out for sale later. 59㎡, 84㎡, 3 households and 50 households, respectively. Currently, general buyers are moving in.
At the time the apartment was built, Ewha Station and Ahyeon Station on Subway Line 2 and Aeogae Station on Line 5 were located within a radius of 500m, drawing attention as a ‘triple station area’ location. The sale price of ‘Mapo The Clash’ is 40.13 million won per 3.3 square meters, which is higher than the sale price per 3.3 square meters (38.29 million won) of Dunchun Jugong reconstruction (Olympic Park Foreon). The exclusive area of 59㎡ is between 1,022 and 1,050 million won, and the 84㎡ is between 1,417 and 1,431 million won, which is similar to the surrounding market price.
The previous transaction price of the exclusive area of 84㎡ of ‘Mapo Raemian Prugio’ right next to Daejang Apartment in Mapo-gu is 1.55 billion won (high-rise), which is regarding 100 million won different from Mapo The Clash. The previous transaction price of 84㎡ (middle floor) exclusively for Mapo Prestige Xi, a semi-new complex next door, was 1.59 billion won, which is regarding 100 million won different from ‘Mapo The Clash’. In fact, it is not a complex where you can aim for a lottery sale.
However, nearby licensed brokers said, “Most of the prices that were sold in the quick sale of Marapuna and Mapza have been exhausted.” The highest price just before the 84㎡ dedicated to Mapo Raemian Prugio is 1.945 billion won.
The reconstruction of Dunchon Jugong (Olympic Park Foreon) in Gangdong-gu, Seoul, which was expected to have a large number of unsold sales, achieved better-than-expected sales results.
According to the industry, Olympic Park Foreon conducted a lottery and contract for the number of prospective residents for the uncontracted portion, and as a result, 99% of the 59㎡ and 84㎡ volumes were exhausted on the 13th, the first deadline. It is known that the contract rate for small flats such as 29㎡, 39㎡, and 49㎡ is still low.
