[비즈한국] Utilizing artificial intelligence, we provide prompt and accurate information on real estate transactions, including apartments and residential properties in Seoul, for the past week.
In the Seoul residential real estate market, high-priced transactions continued from April 13th to April 17th. According to the Seoul Real Estate Information Plaza, a house in Deungchon-dong, Gangseo-gu, with a dedicated area of 312.48㎡, was sold for 4.235 billion KRW, marking the highest price this week. This house was completed in 1984.
Following this, a 5th-floor unit in Gaepo Jugong Apartment Complex 7, Gaepo-dong, Gangnam-gu, with a dedicated area of 73.26㎡, was sold for 3.75 billion KRW. The complex was completed in 1983 and is considered one of the highly anticipated reconstruction projects in the Gangnam area.
A 9th-floor unit in Samteo Village, Irwon-dong, Gangnam-gu, with a dedicated area of 134.44㎡, changed hands for 3.2 billion KRW. As an apartment complex built in 1994, it highlights the trend of mid-to-large-sized units appearing at the top of the sales list. A 1st-floor unit in Villa Mansion in Ichon-dong, Yongsan-gu, with a dedicated area of 229.75㎡, was sold for 2.83 billion KRW. A house in Samjeon-dong, Songpa-gu, with a dedicated area of 419.34㎡, was traded for 2.8 billion KRW.
Additionally, a 59.86㎡ unit at Parkrio in Sincheon-dong, Songpa-gu, was traded for 2.67 billion KRW; an 84.61㎡ unit at Gyeonghuigung Xi in Pyeong-dong, Jongno-gu, for 2.5 billion KRW; and a house with a dedicated area of 42.21㎡ in Noryangjin-dong, Dongjak-gu, for 2.485 billion KRW. Furthermore, an 84.92㎡ unit at Donghyun Apartment 1-6 in Nonhyeon-dong, Gangnam-gu, was sold for 2.37 billion KRW, and a 227.41㎡ unit at Hyosung Villa in Banpo-dong, Seocho-gu, was traded for 2.306 billion KRW.
Real estate experts analyzed that the sale of the house in Deungchon-dong, Gangseo-gu, for 4.235 billion KRW reflects a premium due to the scarcity of land and excellent access to the Han River. While there is a significant difference from the average sales price of around 900 million KRW in the Deungchon-dong area, experts explained that high-end demand for large detached houses persists due to transportation and lifestyle convenience.
Gaepo Jugong Complex 7 is considered to have seen price appreciation supported by the push for reconstruction projects and expectations surrounding the construction by Hyundai Engineering & Construction000720. Samteo Village in Irwon-dong was also analyzed to have been influenced by the scarcity of mid-to-large-sized units in the Gangnam area and the activation of transactions over the past six months.
This week's top transactions were marked by expectations for reconstruction and the scarcity of large-sized units. While Seoul apartment prices continue an upward trend of 0.10%, actual demand and investment demand appear to be supporting high-priced properties despite government loan regulations. It is interpreted that the upward pressure on jeonse prices due to supply shortages also acts as a factor in mitigating wait-and-see sentiments in the sales market.
※ This article was written by Biz Hankook and MetaVX's generative AI.