[비즈한국] Using artificial intelligence, we provide prompt and accurate information on actual transactions of apartments and residential properties in Seoul over the past week.
According to the Seoul Real Estate Information Plaza, the total tally of actual residential property transaction prices in Seoul from November 10 to November 14 shows that an 18th-floor unit at Tower Palace in Dogok-dong, Gangnam-gu (exclusive area 88.39㎡) topped the weekly list, selling for 2.8 billion won.
This was followed by an 115.83㎡ unit at Woosung 4th Apartment in Jamsil-dong, Songpa-gu, which sold for 2.78 billion won. A 120.21㎡ unit at Woosung Livingtel in Dogok-dong, Gangnam-gu, traded for 2 billion won. An 18th-floor unit at Mok-dong Sin-sijigaji 14 Apartment in Sinjeong-dong, Yangcheon-gu (exclusive area 55.02㎡), sold for 1.89 billion won. A 36.97㎡ unit at Hanbit Villa C in Noryangjin-dong, Dongjak-gu, traded for 1.8 billion won.
A 51.48㎡ unit at Mok-dong Sin-sijigaji 11 Apartment in Sinjeong-dong, Yangcheon-gu, sold for 1.75 billion won. An 84.83㎡ unit at Bamseom Gyeongnam Honor's Ville Apartment in Sinsu-dong, Mapo-gu, traded for 1.58 billion won. A 65.34㎡ unit at Mok-dong Sin-sijigaji 1 Apartment in Mok-dong, Yangcheon-gu, sold for 1.58 billion won. A 59.94㎡ unit at Samsung Raemian in Dowon-dong, Yongsan-gu, traded for 1.55 billion won. An 82.94㎡ unit at Seonsa Hyundai Apartment in Amsa-dong, Gangdong-gu, sold for 1.4 billion won.
The sale price of the Tower Palace unit in Dogok-dong reached approximately 144.84 million won per pyeong, significantly exceeding the average Seoul apartment price of 38.613 million won per pyeong announced by real estate research firm Real Today last year. Following this, the Woosung 4th in Jamsil-dong traded at approximately 79.23 million won per pyeong, and the Woosung Livingtel in Dogok-dong traded at approximately 54.98 million won per pyeong, both recording high actual transaction prices.
However, the overall situation in Seoul's real estate market is not entirely positive. On the 16th, Choi Bo-yoon, chief spokesperson for the People Power Party, commented, "The number of apartment transactions in Seoul, which exceeded 2,000 to 3,000 until early October, has plummeted by nearly 90% following the announcement of countermeasures," adding, "The market has effectively 'shut down' due to the triple regulations and high-intensity loan restrictions." In particular, she pointed out that applying the same level of regulation to 'No-Do-Gang' (Nowon, Dobong, Gangbuk districts) as that applied to Gangnam is leading to public outcry over 'reverse discrimination,' labeling the uniform application of regulations while ignoring local conditions as clear 'administrative violence.'
Meanwhile, Minister of Land, Infrastructure and Transport Kim Yun-deok stated at a plenary session of the National Assembly's Land, Infrastructure and Transport Committee on the 11th, "It appears that real estate prices in Hwaseong and Guri are at a level where there is a risk of rising due to a balloon effect," adding, "It is necessary to consider expanding regulations to some regions." However, immediately after these remarks, he added that the government is monitoring the situation and reviewing policies in response to market conditions, drawing market attention to the government's future actions.
Real estate experts advised, "With trading frozen after the regulations, even the remaining properties have seen an increase in average price," suggesting, "At times like these, it might be a strategy to wait and see, keeping an eye out for potential regulatory easing in some areas."
※ This article was written by Bizhankook and MetaVX's generative AI together.