2024-04-28 00:25:53
‘Alone Apartment’, a newly built building being sold in Bucheon, Gyeonggi-do, was embroiled in controversy over its high sale price. The sale price of 25 pyeong was set at around 500 million won, but opinions are divided, with some saying it is “excessive” and “this is an inevitable result of the aftermath of increases in labor costs and atomic ash prices.”
According to the Korea Real Estate Agency’s ‘Subscription Home’ on the 28th, ‘Bucheon Wonmi Dongmun The East’, located in the Wonmi-dong area, Wonmi-gu, Bucheon-si, recently published a notice to recruit tenants and will conduct special supply on May 7th and first-priority subscription reception on the 8th.
This apartment complex, implemented by Mugunghwa Trust and constructed by Dongmoon Construction, is a small complex with a total of 108 units, one basement floor and one 14th floor above ground. Of these, 38 households are for sale.
This is a post-sale apartment that has already received approval for completion at the end of January this year, so you can move in immediately from the end of May if you pay the purchase price in full. Rather than having to build a separate model home, you can check the finishing materials of the apartment directly in the apartment before making an application.
The sale price was set at 500 million won based on an exclusive 59㎡ (25 pyeong) unit. It is located within Wonmi Buheung Market, and it takes about 20 minutes to walk from Bucheon Station Line 1 to the complex.
The market price for an exclusive 59㎡ unit in ‘Palace County’ (completed in 2008), a large complex with 3,090 units located near Jungdong Station on Line 1, is in the mid-to-high 500 million won range, but even for newly built apartments, it is evaluated as being uncompetitive with a sale price in the 500 million won range.
In particular, the ‘Bucheon World Meridien Lagesti’ officetel near Chunui Station and Bucheon Sports Complex Station on Line 7 is in a better location, but the same equilibrium selling price is set at the high 300 million won range, further fueling the controversy over high selling prices.
This apartment was once ranked No. 1 in real-time search terms on the real estate proptech app ‘Hogaengnono’. However, most reactions are cynical, such as “It’s scary that Bucheon is now worth over 500 million won per 25 pyeong” and “Are you going to burn 500 million won here?”
On the other hand, there is a counterargument that an increase in the sale price of newly built apartments due to rapid increases in labor costs and raw material prices is inevitable. According to the Housing and Urban Guarantee Corporation (HUG), the average selling price of private apartments nationwide as of the end of last month was 18,588,900 won per pyeong (3.3㎡), up 17.24% compared to the same month last year.
The sale price for the 6th and 7th floors of Type 59A in ‘Bucheon Wonmi Dongmun The East’ is KRW 500 million, of which the construction cost is KRW 353.3 million, accounting for 70%.
An industry official said, “The smaller the complex, the greater the burden of procurement costs due to the increase in the price of raw materials such as cement, rebar, and concrete.” “It will become even narrower,” he said.
(Seoul = News 1)
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2024-04-28 00:25:53