“G-Dragon’s total cash, even 10 billion is ridiculous”… luxury apartment market on fire

picture explanationThe Penthouse Cheongdam (PH129), Cheongdam-dong, Gangnam-gu, Seoul. [매경DB]

Even amidst the transaction cliff, the ransom of super-high-priced apartments located in representative wealthy villages is soaring. As the number of reported transactions continues every year to the extent that there is a joke that it cannot be sold because it is not available, houses worth more than 10 billion won are appearing one after another.

According to the real transaction disclosure system of the Ministry of Land, Infrastructure and Transport on the 5th, a sales contract was signed for 11 billion won on the 30th of last month for the exclusive area of ​​240㎡ at Hannam The Hill in Hannam-dong, Yongsan-gu, Seoul. In May of last year, the same area was traded at 7.75 billion won, rising 3.25 billion won in a year, making it the first 10 billion won club.

The 244 m² dedicated to Nine One Hannam Penthouse, located near Hannam The Hill, was also changed for 16.4 billion won in March. This is the highest ever selling price for an apartment in Seoul. In particular, as it is known that G-Dragon, a member of the idol group BIGBANG, bought it with cash, investors’ attention was focused. The owner of the 268.95 m² exclusive to Park Hannam was also changed on December 13, last year for 12 billion won. In less than five months, 25 billion won jumped.

In addition, the exclusive area of ​​273.96㎡ of ‘The Penthouse Cheongdam (PH129)’ in Cheongdam-dong, Gangnam-gu was traded for 14.5 billion won on April 28. It is about 170 million won per 3.3 square meters. Signiel Residence in Sincheon-dong, Songpa-gu, was sold for 10 billion won on March 30, with a dedicated 247 square meter area. The Gallery 832 Penthouse in Yeoksam-dong, Gangnam-gu was sold out at a pre-sale price of 10 billion won.

It is analyzed that housing values ​​are rising day by day because most of them are tied with height restrictions to secure the right to view Namsan or Han River, and supply is not supporting demand due to the low number of households due to luxury strategies and convenience of supplementation.

The government’s decision to ease tax and loan regulations for single-family homeowners was also a positive factor. According to the government’s policy to ease the holding tax, the greater the increase in the published price this year compared to last year, the greater the tax reduction effect.

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An official from the real estate industry said, “As can be seen from the transaction cases so far, the transaction volume is at least at a steep rate of price increase.

In fact, according to Real Today, the total sales of super-high-priced apartments in Seoul last year totaled 978.828.53 million won. This is a more than three-fold increase from the previous year (295.724 billion won). During the same period, the number of transactions more than tripled from 51 to 158.

A Real Today official said, “Recently, the increase in the sale price of ultra-high-priced apartments is higher than that of low-end apartments, but high-quality finishing materials, community facilities, and housing services, which are rare to find in ordinary apartments, seem to stimulate the desire of property owners to purchase.” As we decided to lower the burden to the level of two years ago, the preference for the smart Han Chae is expected to expand further.”

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