Hannam The Hill hit 10 billion won and reconstruction is also booming… “Is it true that the rise in house prices in Seoul has slowed down?” – Thai Business Newspaper

The upward trend in the property market seems to be slowing down as the government enforces strict lending regulations and the number of apartment transactions decreases. However, in the preferred areas, high-priced apartment deals are still being finalized one after the other, and market polarization seems to be becoming clearer. Experts analyze that people full of money are exempt from the influence of loan regulations, so their favorite sectors are not so much affected by regulations.

According to the Korea Real Estate Agency on the 9th, as a result of the national weekly apartment price trend survey in the first week of November (as of 4th), apartment prices in Seoul this week rose 0.07%, rising for 33 consecutive weeks. However, the increase has been slow for three consecutive weeks since the second week of October (0.11% → 0.09% → 0.08% → 0.07%).

The Korea Real Estate Board analyzed, “There is mostly upward movement in some redevelopment centers and favored centers in the area,” but “the rate of increase has slowed down compared to the t -a week earlier due to a backlog of properties for sale due to the prospect of buyers waiting due to loan regulations.”

Although market sentiment has cooled, high-priced apartment transactions continue. For example, PH129, an expensive apartment in Cheongdam-dong, Gangnam-gu, Seoul, with an exclusive use of 235㎡, was traded for 10.24 billion won last month. This apartment building is the most expensive apartment building according to the publicly announced apartment price announced by the Ministry of Land, Infrastructure and Transport this year. Many celebrities are known to live here, including celebrities Jang Dong-gun and Ko So-young, famous entrance exam academy instructor Hyun Woo-jin, and golfer Park In-bee. It has been confirmed that a 235㎡ exclusive use of Hannam The Hill, an expensive apartment in Yongsan-gu, Seoul, changed hands for 10 billion won last month. The main stars So Ji-sub, BTS Jin, and Kim Tae-hee and Rain are said to live in this apartment.

Last month, the exclusive use of 183㎡ of Apgujeong New Hyundai Apartment, a major redevelopment project in Gangnam-gu, Seoul, was reported and traded for 8.15 billion won.

The analysis is that the reason why high-priced apartment transactions continue despite lending regulations is because asset owners are less affected by regulations. Park Won-gap, a senior analyst at KB Kookmin Bank, said, “Flats in Gangnam are ‘money storage warehouses’ where rich people can safely ‘store’ their wealth without revealing it. Increase in storage, polarization will real estate market happening “It could get worse,” he said.

However, in addition to the high-priced apartment market, many predict that overall real estate market sentiment will decline at this time due to the impact of the lending regulations. Commissioner Park said, “The market’s trading volume is decreasing rapidly compared to July and August, which shows consumer psychology. ” the items for sale.”

In fact, according to the Korea Real Estate Agency, the provisional index of Seoul apartment transaction prices in September was -0.47%. If this decline is confirmed in the final figures released this month, Seoul’s Real Apartment Price Index will turn down for the first time in nine months since last December (-1.13%).