The public sales of the new city of Wirye called “lottery sales”, in fact “ribbed”?

Two public sales complexes (A1-5, 12 blocks) in Wirye New Town, Songpa-gu, Seoul, which will be supplied by the Seoul Housing and Urban Corporation (SH), are known as ‘lot sales’, and they claim to have a “market margin of up to 800 million won.” There was a claim that it was invaded. It is noted that the offer must be less than the presale price set by SH Corporation.

On the 26th, the Citizens’ Federation for the Practice of Economic Justice (Gyeongsilryeon) announced that it is estimated that the Seoul Metropolitan Government and SH Corporation will make an unfair profit of 370 billion won by earning 200 million won per household. for the sale of apartments in Wirye New Town (S1-5, 12). .

“The late mayor of Seoul Park Won-soon promised to introduce the ‘real estate distribution system’, and shared a will with Kyungsil-ryeon for the suspension of the sale of public housing or the sale of buildings.” The public corporation is trying to sell land and a house in public housing using the gap without the mayor of Seoul.

It is argued that the presale price set by SH Corporation on this site is 198,000 won, which is unreasonably high. As a basis for this, Kyungshilyeon estimates that an unfair profit of 73.1 million won per 3.3 m2 of apartment (220 million won based on 30 pyeong) and 1676 total households is expected to be 372 billion won. won.

The appropriate presale price suggested by Kyungsilyeon is 12.5 million won for 3.3㎡. The Gyeongsil-ryun side estimated that Wirye New Town was developed by the relocation of military units of the Participating Government to stabilize house prices, so the cost to the customer is 4 million won for 3.3 ㎡, and the cost construction, including housing site development costs, is 11.3 million won times 3.3. Therefore, the cost of the land per 3.3m2 apartment is 6.5 million won, taking into account tax and utility charges, finance costs, floor area ratio, etc. to the construction cost of the housing site, and adding 6 million won to the appropriate construction cost is an analysis that 12.5 million won per 3.3m2 is an appropriate selling price.

So far, the construction cost based on the contract amount with the construction company disclosed by SH Corporation is 4.25 million won for 3.3㎡ for Naegok Complex 2 (July 2014), and the Godeok Pyeongtaek construction cost (March 2017) disclosed by Gyeonggi-do City Corporation is also 3.3㎡. It’s 5.6 million won.

A Kyungsil-ryeon official said, “SH Corporation applies a manipulated appraisal price rather than an inflated market price than the cost of building the land, and the cost of construction inflates the cost and sticks to overselling.” . “In addition to Wirye, the Magok 9 complex was sold in 2020 He pointed out that if the Godeok Gangil 8 and 14 complexes are included, the unfair profits are estimated at 758 billion won.

“As long as the forcibly accepted public housing land is used as a landing medium and housewives, it is impossible to increase the public housing stock. Even now, SH Corporation sticks to housekeepers with equity-type housing, etc. It can’t be done. This is no different from continuing to promote oversold to citizens in the future. ”

In response to Gyeongsilryeon’s claim, SH said that the presale price was set at an appropriate level, rather than “going over” at all. Of course, the presale price was set within the presale price limit and is much cheaper than the market price. This is accompanied by an explanation that the profits generated from the public sales are being used for public interest purposes to stabilize housing for the citizens of Seoul.

Additionally, SH Corporation has suffered a shortfall from 210 billion to 270 billion won in 2013 and 2014 while undertaking projects such as public leasing, national leasing, and long-term jeonse, and has recorded a loss of 300 billion won since 2015. As of 2019, it was 3.989 billion won, reaching 400 billion won. It is explained that to carry out a public project of this type, it is possible to even have a profit from sales.

An SH official said, “The pre-sale in Wirye New City is not overpriced. The pre-sale price is set with the lowest guaranteed profit within the pre-sale price cap,” and said, “There is a shortfall of approximately 350 1 billion won annually in the rental business “You will no longer be able to run the rental business that the company operates,” he rebutted.

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