Seoul apartment transaction and sales price fluctuations stop… “The standstill will continue for some time after the Lunar New Year.”

2024-02-02 21:00:00

[서울=뉴스핌] Reporter Choi Hyun-min = Ahead of the Lunar New Year holiday, apartment transactions and sales prices in Seoul have stopped fluctuating. In the jeonse market, rental inquiries are not active, but intermittent transactions are taking place mainly in complexes with a jeonse price of 500 million won or less.

Considering that transactions are slow around the Lunar New Year holiday, it is expected that the level of stagnation will continue for the time being.

[사진=부동산R114]

According to real estate R114 on the 3rd, apartment prices in Seoul remained flat (0.00%) for three consecutive weeks. There was no significant price movement for reconstruction and general apartments, and new towns and Gyeonggi and Incheon also recorded flat prices.

In Seoul, most areas showed limited price trends, while two areas, ▲Songpa (-0.02%) and ▲Jungnang (-0.01%), decreased slightly. In Songpa, Helio City in Garak-dong, Geoyeo Complex 1 in Geoyeo-dong, and Songpa Signature Lotte Castle were lowered by 10 to 50 million won, and in Jungnang-gu, Doosan 4 and 5 in Myeonmok-dong were lowered by about 10 million won.

As for new towns, the first new towns such as ▲Pyeongchon (-0.02%) and ▲Bundang (-0.01%) fell, while the second new towns, Gwanggyo, rose by 0.03%.

The individual regions of Gyeonggi and Incheon fell in the following order: Anseong (-0.10%) ▲ Pyeongtaek (-0.05%) ▲ Bucheon (-0.03%) ▲ Siheung (-0.02%) ▲ Suwon (0.03%) ▲ Uiwang (0.01%) The increase mainly occurred in small and medium-sized areas of large complexes.

In the jeonse market, even within the same region, rising and falling regions are competing tightly. Seoul and new cities recorded a flat rate (0.00%), while Gyeonggi and Incheon rose 0.01%, maintaining an upward trend for 5 consecutive weeks.

In Seoul, ▲Guro (0.05%) ▲Yeongdeungpo (0.01%) ▲Jungnang (0.01%) rose, while ▲Songpa (-0.02%) ▲Yangcheon (-0.02%) ▲Seongbuk (-0.01%) fell.

In new cities, ▲Pyeongchon (-0.02%) and ▲Bundang (-0.01%) decreased, while new areas such as Munchon 17 Complex, Juyeop-dong, Goyang-si, rose by about 5 million won, and Ilsan increased by 0.02%.

Individual regions of Gyeonggi and Incheon rose, including ▲Suwon (0.05%) ▲Incheon (0.05%) ▲Hwaseong (0.03%) ▲Icheon (0.03%) ▲Bucheon (-0.04%) ▲Guri (-0.02%) ▲Goyang (-0.01%) ▲ Uiwang (-0.01%) etc. fell.

An official from Real Estate R114 said, “There is a high possibility that the actual residence obligation for apartments subject to the sales price cap system will be postponed for 3 years from the date of move-in,” adding, “If the housing law amendment is passed in February, it will be possible for new buyers to raise the balance through a deposit for rent, which will ease the difficulty in raising funds.” “I expect this to be an opening,” he said.

At the same time, he said, “Especially in Gangdong and Songpa-gu, Seoul, where new apartments are starting to move in in earnest after the first half of the year, we expect the rate of increase in rental prices to be controlled as rental properties are released,” adding, “However, as tenants must live in the apartment within 3 years, the rate of increase in rental prices is expected to be controlled.” “As the number of cases where the right to claim contract renewal is not guaranteed increases, it may cause confusion in rental transactions and there are concerns that it will stimulate investment demand, especially in newly built sales complexes subject to the sales price cap system, so in-depth policy supplementation appears to be necessary,” he added.

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