Warm wind on measures to supply rear books such as public redevelopment
Yeomni 4, 5, Nogo Mountain, etc.
The former Yeomni District 5 (14 in Yeomni-dong 488), which is promoting redevelopment again. Hankyung DB
–
Public redevelopment projects are accelerating, with the government recently selecting eight public redevelopment candidates to expand the supply of housing in downtown Seoul. However, it is pointed out that the anticipation for the public redevelopment project is causing speculation in the villa market. With the price soaring, the’split split’ of building villas through building permits is on the rise. Amid the overheating of the housing market, the side effects of late supply measures are spreading.
Mapo 1 year, 850 new villas increased
![Villa market lit by public redevelopment... Mapo splitting 800 households [집코노미]](https://img.hankyung.com/photo/202101/01.25012061.1.jpg)
–
–
As a result of a thorough investigation of the information disclosure data of Mapo-gu Office on the 19th, the number of newly built multi-family houses, including villas, which received construction permits last year in three major redevelopment areas, was counted. Considering that about 10 households are built per permission for a four- to five-story villa, this is an increase of about 850 households.
Construction permits for 488-14 (formerly Yeomni District 5) in Yeomni-dong were the largest with 34 cases. With no sketch of redevelopment, such as the size of a new apartment, the number of members in reserve has already increased by 340. Around 81 Yeomni-dong (formerly Yeomni District 4) nearby, 26 new villas were approved. These areas were previously tied to Ahyeon New Town and were removed from the maintenance area during redevelopment. As the residents pushed for redevelopment again, they passed the preliminary feasibility review deliberation last year.
Nogosan-dong 12-204 area, which is located between Sinchon Station on Subway Line 2 and Ewha University Station, has 25 construction permits. In the past, it was designated as a detached house reconstruction area, but after it was released, residents are pushing for redevelopment again. Recently, public inspections are underway to restrict development activities. The restriction on the permission of development activities is a measure to prevent the increase in the number of new houses indiscriminately. It is usually done two to three years before the zoning designation and is considered a preliminary procedure for redevelopment. A nearby official A certified official said, “Last year, the ward office didn’t get permission for construction at all,” he said. Another brokerage official said, “The situation is not different in other regions, such as Yongsan-gu and Seongbuk-gu, where there is an expectation of redevelopment.”
![Villa market lit by public redevelopment... Mapo splitting 800 households [집코노미]](https://img.hankyung.com/photo/202101/01.25012063.1.jpg)
–
–
As redevelopment becomes visible, villa prices are on the rise. The price of a new two-room villa with a stake of 15 square meters in Nogosan-dong has recently risen from 400 million won last year to 550 million won. This is because of the expectation that they will be able to receive a new apartment occupancy right in the future. Last year, the rate of change in the sale price of Seoul coalition and multi-family housing, compiled by Kookmin Bank, was 8.18%, the highest since 2007 (8.87%).
Even amid strong prices, the deal increased. The number of row and multi-family housing transactions in Seoul last year was 56,323, the largest in four years. In recent years, pre-sale has also increased instead of post-sale, which is a common villa supply method. It is traded without a shovel after receiving a building permit. Yeomni-dong B certified official explained, “As the price increases as the business proceeds, the demand for preoccupying the right to occupy is increasing.”
![Villa market lit by public redevelopment... Mapo splitting 800 households [집코노미]](https://img.hankyung.com/photo/202101/01.25012062.1.jpg)
–
–
◆“I swell the oil while it catches fire”
Breaking down detached houses and building villas is a representative method of splitting shares (split new construction) to increase the number of targets for redevelopment projects. If you build a villa and split it into several pieces of furniture, your profits will increase as much as the increased tenancy rights. Even when the new town project was in full swing in the mid-to-late 2000s, this technique was prevalent. However, as the number of members increases and the number of general pre-sale units decreases, the business feasibility decreases. It also lowers the obsolescence, which is an essential requirement for redevelopment projects.
Front-line brokerage firms believe that the introduction of public redevelopment has sparked the splitting of shares again after 10 years. The industry understands that the government and Seoul City have signaled that they will not curb redevelopment any more. “Compared to two or three years ago, redevelopment projects are rather encouraged,” said a Daeheung-dong C certified official. “The increase in the price of new apartments in the vicinity is also an incentive for residents to participate.”
If it is selected as a public redevelopment project site, the number of households can be increased with benefits such as an increase in floor area ratio. It is possible to improve the business feasibility that was shrunk by splitting the stake. However, the former Yeomni 4 and 5 districts and the Nogosan-dong area could not even apply for a public redevelopment project. If it is selected as a target area, the date of calculation of rights, which is the’day for prohibition of splitting shares’, has been advanced. The date for calculating the rights of general redevelopment zones is notified when the zone designation is made, but when canceled or new zones promote public redevelopment zones, they are retroactive to September 12, last year, the date of the project competition. This means that those who purchase new villas after this day will not receive a new apartment and will pay cash. In order to prevent conflict caused by mass liquidation, public redevelopment must be abandoned.
Experts point out that as the market seeks to expand housing supply through redevelopment in a belated situation, side effects such as splitting of shares are inevitably reproduced. There will also be a chance to come out,” he said.
Reporter Hyungjin Jeon [email protected]
–
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution
–
:quality(80)/cdn-kiosk-api.telegraaf.nl/6184401a-59d8-11eb-821c-02d2fb1aa1d7.jpg "Yolanthe: ‘No need for sex yet’ | Entertainment")