Announcement of ‘imminent’ special housing supply measures … The market is already there



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▲ Already this week, the government plans to announce housing supply measures that include the revitalization of public redevelopment in downtown areas such as Seoul, the high-density development of the station area, semi-industrial areas and low-rise residential areas, and discovery of new homes.  A set of villas (multi-family, semi-detached houses) in Seoul.  (Yunhap news)

▲ Already this week, the government plans to announce housing supply measures that include revitalization of public redevelopment in downtown areas such as Seoul, high-density development of the station area, semi-industrial areas and low-rise residential areas , and the discovery of new homes. A set of villas (multi-family, semi-detached houses) in Seoul. (Yunhap news)

Housing supply measures are likely to be announced on the 4th and 5th

The “special supply measures” announced by the government will be released this week. The government has said that details have yet to be confirmed, but the market predicts that measures will include promoting public redevelopment in downtown areas such as Seoul, high-density development of the station area, semi-industrial areas and housing of low height. areas, and discover new housing sites.

Although it is a countermeasure to stabilize the housing market, housing prices are already rising in places with high development potential.

According to the real estate industry, related ministries, such as the Ministry of Strategy and Finance and the Ministry of Lands, Infrastructure and Transport, are conducting a final review of the measures for the provision of housing that will likely be disclosed on the 4th and 5th. .

As President Moon Jae-in said at a New Year’s press conference, “we will increase the supply beyond the level expected by the market,” the market will introduce special measures that will consider not only the quantity of supply, but also the speed ( time of supply) and quality (quality of the house).

These expectations are already being reflected in the market. The surrounding real estate market is moving in anticipation that the measures the government has mentioned so far, such as the revitalization of public redevelopment and the high-density development of station areas, semi-industrial areas and low-rise residential areas will be included in this measure. .

Prices of the resort villas

The most prominent place are the villas (multi-family and semi-detached). In the situation where the public redevelopment has already been turned on, the possibility of high-density development of low-rise residential areas and station areas has been discussed, and there are cases of increase of tens of millions of won per month. The 50m² area for multi-family housing located near Daerim Station was traded for 250 million won on the 21st of last month, but was sold for 180 million won just a month ago.

The 72.72m2 rate exclusively for the nearby Hyundai Green Villa was traded at 455 million won on the 12th of last month. It is 100 million won more than 6 months ago.

An official with J-accredited brokerage in Daerim-dong said: “In recent months, inquiries about new properties have increased.”

In fact, according to the results of the National House Price Trends Survey released by the Korea Real Estate Agency the previous day, the rate of change in the villa sales price index in Seoul was 0.41%. This is the highest rate of increase in 10 years since it reached 0.52% in August 2011.

The atmosphere also warmed in places where the development of semi-industrial areas is likely to be promising. In Yeongdeungpo-gu, which has the largest number of semi-industrial areas in Seoul, there is a situation where specific candidates are reached. The market believes that there is high possibility of high-density development such as Yangpyeong-dong 4-ga, where Lotte Confectionery’s Yeongdeungpo plant is located, and Shinhan Electric Industry and Munrae-dong 5-ga, where Union factory is located. Farm. . Lotte Confectionery’s Yeongdeungpo plant is attracting attention as the company said there is no relocation plan. Small factories are also concentrated in this area, so there are high expectations of improvement of the residential environment during development.

At the Gocheok Industrial Goods Complex (Gocheok Tools Mall) in Gocheok-dong, Guro-gu, which is already undergoing reconstruction of the business district, is as difficult as picking up the stars in the sky. This is because the store owners picked up the sale anticipating that the business would improve if it were designated as a semi-industrial development area. The store price of this mall is currently priced at 300 million won based on an exclusive area of ​​18 square meters.

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