Ignoring all the rules and loading the sale price arbitrarily

[땅집고] Auditing the Audit and Inspection Board for the fact that the Housing and Urban Guarantee Corporation (HUG), which is responsible for selling new apartments throughout the country, allowed specific companies to set a sales price of 3,250,000 won per 1 pyeong (3.3 m2) and about 100 million won per household, ignoring internal sales price review criteria. He was trapped. HUG did not disclose the criteria for evaluating the high presale prices, saying it would be concerned about civil complaints if it leaked abroad. Experts noted that if HUG monopolizes pre-sale guarantees, there is serious moral hazard (moral hazard) and they insisted on opening the pre-sale guarantee market, but the government has not proposed any action.

According to the Audit and Inspection Board on the 15th, it was revealed that HUG ignored internal regulations in the pre-sale guarantee review process for the apartment at ‘Daejeon Yuseong Daegwangro Jevian’ in Bongsan-dong, Yuseong-gu, Daejeon en last september. According to HUG’s internal standards, the sale price for this apartment must be set at 7.25 million won per 3.3 m2 (1 pyeong), which is 45% higher than this, and the sale is guaranteed. of 10.5 million won per pyeong.

In the evaluation process of the new apartment sale guarantee, HUG uses the neighboring apartments as a comparative business site in accordance with the ‘Rules of application for the high sale price evaluation regulations’ and decides whether or not to guarantee the sales based on the sale price. At this time, the criteria for selecting a comparative workplace are ▲ location (if the living areas are similar) ▲ complex size (divided into 300 or less, more than 300 and less than 1000 and more than 1000) ▲ brand ( rating of construction capacity evaluation number of construction works, 1 to 30 It is classified in the upper part, 31 to 100 and 101 or higher, but in the case of consortia, two or more of the three must be satisfied.

The priority is to select a comparative commercial site within 1 km. When the comparison business site is selected, the complexes subject to the sale price comparison are selected in the order of ▲ sales in sales within 1 year ▲ sales of sales in excess of 1 year ▲ completion of construction within 10 years. If there is no suitable comparative business location within a radius of 1 km, the range is extended by 1 km and the comparative business location is selected in the same way.

According to this principle, the comparative workplace of ‘Daejeon Yuseong Daegwang-ro Jevian (moved in March 2022, 816 households)’, which received the first order subscription on September 10 last year, is at 0.2 km from ‘Skybaram Humansia (moved in 2009, 990 households). ) ‘. ‘Skybaram Humansia’, which failed to fill 10 years of occupancy at the time, ranked first because there were no apartments that had been sold for more than a year within a 2km radius and met two of the three requirements (location and size of the complex). What was selected as a comparative commercial site.

However, HUG ignored this regulation and selected ‘Hyosung Harrington Place in Daejeon Munji District (move in May 2017, 1142 households)’, which is 5.6 km from the commercial site, as a comparative project site. This was the reason why there were only 40 days left for ‘Sky Wind Humansia’ to be excluded from the comparative commercial site after completing 10 years. For this reason, the pre-sale price of ‘Daejeon Yuseong Daegwangro Jevian’, which was originally supposed to be worth 7.25 million won per pyeong, was decided at 10.5 million won per pyeong. From August 2016 to the end of 2019, it is very unusual considering that the average distance between the 156 high pre-sale businesses and the 200 comparative business sites to which HUG issued a guarantee was only 1.27 km and never exceeded the maximum. of 5 km.

As a result of the audit, employee A, who participated in the pre-sale guarantee review process at the time, set a price of 10.5 million won per pyeong, excluding the LH (Skybaram Humansia) business site. of the comparison, from DK Plus Co., Ltd., but taking into account the pre-sale schedule. It turned out that he was asked to do so. In response, the Board of Audit and Inspection decided that it is reasonable not to expand the standards arbitrarily because there is no exception to exclude LH apartments from the comparison.

The auditor noted that the apartments selected by HUG do not even qualify for a comparative commercial site selection. ‘Daejeon Yuseong Daegwangro Jevian’ was built by Daekwang E&C, which ranks 65 in the building capacity assessment with a total of 816 homes. The HUG selected ‘Daejeon Munji District Hyosung Harrington Place’ was built by Hyosung E&C, which is ranked 22nd in the constructability assessment, with a total of 1,142 homes, so the two requirements of the size and brand of the complex did not match.

The Board of Audit and Inspection calculated that HUG arbitrarily selected a comparative business site and DK Plus Co., Ltd. benefited from 1-month interest on PF loans (120 million won) and labor costs (19 million won). Furthermore, the profits raised by the high presale price are estimated to reach tens of billions of won. HUG acknowledges the results of this audit that there was a problem in the pre-sale price calculation process. However, it is a position that this negligence did not result in harm to the residents. A HUG official said: “There is no specific regulation such as imposing a profit rescue provision just because the related companies, such as the implementation company or the construction company, have made a financial profit.

At a public hearing on the recently held ‘Housing Companies Mutual Aid Association Establishment Plan’, the Korea Housing Industry Research Institute said: “HUG rejected the sale guarantee, saying: ‘The sale price is high ‘, without a solid legal basis, or adjusted the sale price to the extent that it could not cover the cost of the project. It is estimated that more than 10,000 households are postponing business promotion or sales ”. He argued, “In fact, the monopoly on sales guarantees and profit margins has resulted in an increase in the burden of the homeless.” /Reporter Lee Ji-eun, Reporter [email protected]

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