You went to the reconstruction … The cost of the home for each minute has fallen by 200 million gained in three months

When the government made the decision to announce a master strategy for the reorganization of the to start with new metropolis in the metropolitan space in 2024, it was discovered that house costs in quite a few of the to start with new towns, these types of as Bundang, Seongnam, Gyeonggi, turned to the low cost. craze. In particular, the decline in condominium price ranges in Bundang, wherever the pace of the reconstruction job is fairly fast, has been notable given that final year’s ’30th calendar year of occupation’, a time period for which reconstruction is probable.

In accordance to True Estate R114, a serious estate facts business on 21st, the sale selling price of flats in the to start with new cities (Bundang, Ilsan, Pyeongchon, Sanbon, Middle East) fell by .02% in the 3rd 7 days of August (beginning from 19), going from the prior week’s plate to a decline. The drop in apartment prices in Bundang was the biggest with .04%, even though also Pyeongchon, Dongan-gu, Anyang-si (-.02%) and Sanbon-si, Gunpo-si (-, 01%) skilled damaging fluctuations. Ilsan, Goyang and the Center East, Bucheon, confirmed the exact degree.

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A similar craze is confirmed by the weekly pattern in Korea Actual Estate Agency condominium rates. Apartment price ranges in Bundang fell by .07% in the third week of August (starting up on the 15th), continuing the downward pattern for 4 consecutive weeks since the fourth 7 days of July. The 101㎡ unique region of ​​the “Rainbow Village 8 Sophisticated” in Gumi-dong, Bundang-gu traded at 1 billion received on the 8th, and dropped 200 million gained from the highest price (1.2 billion gained) a few months back. The 35 m² devoted to ‘Pimo Hanyang’ in Seohyeon-dong, in which the committee for the promotion of reconstruction was fashioned for the 1st time in Bundang, was exchanged on the 5th of this thirty day period for 785 million gained, 15 million won considerably less than the previous utmost (800 million received, May 2022).

Ilsan Web optimization-gu (-.02% → -.05%) and Ilsandong-gu (-.01% → -.02%), Dongan-gu (-.11% → -.15%), Gunpo-si (-.05% → -.13 %), Bucheon-si (-.06)% → -.07%) are all in sharp decrease.

In the very first period of the new town, starting up with Bundang past 12 months, a overall of 270,000 households will exceed the “30-calendar year occupation” period of time by 2026. Having said that, it is at present not achievable to endorse reconstruction as most of nearby administrations is sure to the limit of the floor region ratio of the district unitary strategy produced to prevent the overcrowding of the town. For this cause, the flats under reconstruction are asking for the Exclusive Legislation on the Reorganization of the 1st New Metropolis to be enacted as before long as feasible, which goes beyond the current district device strategy. The government has promised to comprehensive the initially section of the new city redevelopment undertaking at a immediate speed during the Presidential Changeover Committee.

Nonetheless, since the authorities declared in the “August 16 Real Estate Actions” that it would draw up a medium- and lengthy-expression improvement strategy for the reorganization of the initial new town only in 2024, protests from inhabitants of the very first new metropolis are getting more strong. Since the working day of the announcement of the actions on August 16, the on the web neighborhood of residents of the initial new town stated: “I imagine they will announce a system prior to the typical election of 2024, will you keep the people hostage? Did not it cross the water?” the protests are pouring out.

A serious estate formal claimed: “It might consider a lot more than 10 a long time from the establishment of the learn strategy to completion, so home costs are bound to fluctuate all through that time.

Reporter Ha Heon-hyeong [email protected]
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