“Seoul apartment market sees upward trend in sales prices for major complexes and maintenance projects”

[서울파이낸스 나민수 기자] As transactions increase in the Seoul apartment market, sales prices are showing an upward trend, mainly for major popular complexes or maintenance projects with favorable news for reconstruction.

However, experts believe that a full-fledged uptrend will not be easy as the trading volume is still small compared to previous years and there are many places where trading is not possible unless it is a quick sale price.

According to the Seoul Real Estate Information Plaza on the 14th, despite the recent severe sluggish transactions, the total number of apartment transactions in Seoul in March recorded 2,980 cases, showing an increasing trend for five consecutive months since November last year.

This is the highest volume in 1 year and 9 months since August 2020 (4065 cases).

In April, the number of cases reported by the 13th of this month was 2,671, approaching the previous month’s transaction volume. Considering that the deadline for reporting contracts in April is until the end of this month, it is expected that the transaction volume in March will exceed that of March.

In the case of major popular complexes, prices are on the rise after quick sales run out. At the beginning of this year, all areas except for Gangnam 3-gu and Songpa-gu were released from regulatory zones, and as commercial bank interest rates stabilized downward, there is a slight influx of buying.

In fact, as a result of comparative analysis of real estate R114 apartment transaction prices reported to the actual transaction price system of the Ministry of Land, Infrastructure and Transport in March-April this year with prices in January-February, 57.6% (7624) of the 13,242 housing types surveyed increased. appeared to be

In many major complexes in the Gangnam area, transaction prices have risen by 200 million to 300 million won compared to the recent low.

The 84.83㎡ for Trizium in Jamsil-dong, Songpa-gu, Seoul was traded at the highest price of 2.1 billion won in March and April, respectively. Compared to the end of last year and the beginning of this year, which were traded at 1.83 billion to 1.85 billion won, this is an increase of more than 200 million won.

In the case of Gangbuk, there is also an influx of buying power, centering on new complexes built within 10 years of moving in.

The maintenance business complex is also strong. Eunma Apartment in Daechi-dong, Gangnam-gu explained that the asking price of 84 square meters for exclusive use, which was traded at 2.1 billion won at the beginning of the year, rose to 2.5 billion won ahead of the approval for the establishment of a union in July.

Complex 14, Mok-dong, Yangcheon-gu, which recently submitted an application for the rapid integrated planning project to the Seoul Metropolitan Government, is on the rise, with 71.4 square meters for exclusive use sold for 1.12 billion won at the end of January this year, being traded for 1.35 billion won at the end of last month.

Experts say that although transactions have recently increased and prices have risen, it is difficult to see a full-fledged rise in house prices.

An industry insider said, “In order for the price to enter a period of rising, investment demand is added and transactions must increase significantly, but in the current situation, the increase in transaction volume is insignificant due to the movement of only transfer demand for the first time in some lifetimes.” “There is a high possibility that the overall weakness will continue this year,” he said.