Submitted2024.05.01 06:30
Edit2024.05.01 08:02
Heukseok new town area 11 ‘Seobanpo Summit The Hill’ complex name dispute
“The symbolism of ‘Banpo,’ the main house price in Korea, is getting more attention. ”
The top of Newtown Heukseok a bird’s eye view of the Hill. Photo = Daewoo Engineering & Construction Recently, there has been an uproar in the property market over the word ‘Seobanpo’. This is because the local name ‘Banpo’ is known to be used in apartments built in Heukseok-dong, Dongjak-gu, Seoul. In fact, it has long been common to name something by simply adding a famous area to the name. But why were market participants so sensitive to ‘Seobanpo’?
According to the real estate industry on the 1st, the word ‘Seobanpo’ came from the Heukseok District 11 redevelopment site, which is undergoing a redevelopment project in Heukseok New Town in Heukseok-dong, Dongjak-gu , Seoul. It was reported that the union voted to name the apartment building ‘Seobanpo Summit The Hill’. When the Korea Land Trust, the project’s agent, released a press release announcing that they would begin the demolition of buildings in Heukseok District 11, it included the phrase, “The reform of Heukseok District brought 11 us closer to the rebirth of Seobanpo Summit the Hill. .” This content has been imported.
As soon as this news was delivered, a heated debate began around the online real estate community. Sharp criticism poured in, saying, “It was named like that on purpose to raise house prices,” and “Where is Dongjak-gu pretending to be Seocho-gu?” On the other hand, there were many arguments, such as “What does it matter if they say they want to name their apartment whatever they want?” and “Everyone does this in other areas too. ” he did not finalize the name of the apartment and did not hold a vote to decide on it. Daewoo Engineering & Construction also said nothing has been decided, saying the names of the apartments will be decided in consultation with the union before the sale. The event was decided as a type of ‘happening’. Incorporating high priced or famous area names into apartment names has been around for a long time. Mokdong, one of the regions with a strong passion for education, is a representative example. There is a feeling that if ‘Mokdong’ is included in the name of an apartment, it will be positive for the academic atmosphere and house prices. As a result, the word ‘Mok-dong’ is often included in complex names in Sinwol-dong and Sinjeong-dong, Yangcheon-gu. ‘Sinjeong New Town Lotte Castle’, which was redeveloped in districts 1-4 of Sinjeong-dong, attempted to change its name to ‘Mokdong Central Lotte Castle’ at the end of 2020.
‘Magog’ is a favorite name in Gangseo-gu. As house prices rose in the Magok area, nearby Banghwa-dong and Gonghang-dong renamed their buildings by adding ‘Magog’ to their names. Even when selling, there were many cases where the regional name ‘Magog’ was included. In Seongdong-gu, ‘Seoul Forest’ is a representative name, so apartments with this word are common in Haengdang-dong, Geumho-dong, and Seongsu-dong. In Mapo, Eunpyeong, and Seodaemun-gu, there are many places named ‘DMC (Digital Media City)’.
Song Seung-hyun, Head of Cities and Economy explained, “In general, many people believe that adding the name of a famous area nearby to the name of an apartment is a way to increase the value of assets. ” Seobanpo is in the same context. This is not even the first time this word has been used. Around 2020, when the development of Heukseok New Town became prominent, the term ‘Semi-Gangnam district apartment in Seobanpo’ began to be used to promote the apartments in the new town. In particular, District 11 is located on the far right within Heukseok New Town, so in terms of physical distance, it is the closest district to Banpo-dong, Seocho-gu Overview of Mokdong New Town Complex 7 , Yangcheon-gu. Photo = Hankyung DB This is not the first time, but there is a study that the reason it has appeared as a ‘hot potato’ is because Seocho-gu is the area with the highest housing prices among the 25 areas autonomous at Seoul. According to Real Estate R114, a real estate research company, looking at the average sales price of each home by Seoul autonomous region as of this month, Seocho-gu is the highest among autonomous regions at 2.77088 billion.
In particular, Banpo-dong in Seocho-gu has the highest housing prices. ‘Remian One Bailey’, a large apartment building in Banpo-dong, announced the time of Banpo’s 10 billion won as the occupancy rights for a special area of 200㎡ were exchanged for 10 billion won before moving to- in. Shim Hyeong-seok, director of the Choice Bread Research Institute (Professor at IAU, USA), said, “The symbolism of ‘Banpo’ as the area with the highest housing prices in Korea seems to have increased the issue. “Is it more obvious if I use it?” he thought.
At the same time, the city of Seoul recognized the problem that apartment names are full of foreign words and that it is increasingly difficult to distinguish between regions or places, and established related guidelines. There are five things: △refusing to use difficult foreign words △using unique place names △refusing to use nicknames (pet names) △keeping an appropriate number of characters △enacting procedures for implementing names that residents want. However, this is a simple suggestion and has no effect on the actual complex name specification.
Lee Song-ryeol, Hankyung.com reporter yisr0203@hankyung.com
2024-04-30 21:30:01
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