[서울신문] “We jumped 300 million won in the good for public redevelopment”… Seoul Pilate High Altitude March

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The price of villas (multi-family and row houses) in Seoul continues to soar. It is analyzed that amid rising house prices and the interest of endless homeless consumers who turned to villas due to the jeonse crisis, they are also pushing up the prices of villas by adding investment demand aimed at public redevelopment, which the government is currently pursuing.

According to the Korea Real Estate Agency on the 18th, the rate of change in the monthly sale price index for row houses and multi-family homes rose from -0.02% in May last year to 0.06% in June, and then continues to rise, and then rises to 0.19% in December.

In the industry, public redevelopment, which the government recently announced to promote, fuels the sentiment of investment in’villas’, and the villa sales price is expected to rise in January as well.

In fact, an official from Seongbuk District 1 A, who applied for public redevelopment, said, “The area was not even designated, but only a premium of 300 million won was added.” “Inquiries are steady.” In the Jangwi-dong area, a 25m2 villa with a large support of less than 300 million won until last year is priced at 550 million won these days.

Heukseok New Town District 2 in Dongjak-gu, which was selected as a candidate site for the public redevelopment pilot project, has dried up. A official B official in this region said, “After being selected as a candidate, inquiries are pouring out, but there is no sale.”

The rate of price increase is also accelerating. According to KB Real Estate, the average sale price of villas in Seoul during the five months from July to December of last year rose by 2,065 million won from 29.88 million won to 31946 million won. This is equivalent to the increase in the previous two years (July 2018-July 2020) (2.78 million won).

Meanwhile, seven real estate-related agencies, including the Ministry of Strategy and Finance and the Ministry of Land, Infrastructure, and Transport held a joint briefing at the Government Complex Sejong and announced that they will implement existing policies as scheduled, such as strengthening the comprehensive real estate tax and capital gains tax scheduled for June 1. Financial authorities have announced that they will continue to monitor financial companies’ compliance with loan regulations, and the National Tax Service will intensively monitor tax evasion related to real estate transactions. The National Police Agency is also planning to intensively crack down on illegal activities in the apartment sales market.

Reporter Myeong Hee-jin, Seoul [email protected]
Reporter Sejong and Lim Joo-hyung [email protected]

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