The atmosphere has completely changed… Songpa apartment sold for 1.9 billion won in 3 months

Seoul apartment transaction volume exceeded 4,000 per month for the first time in 2 years and 7 months. The analysis is that the ‘transfer demand’ for moving to popular residential areas is increasing, and the active change of hands in preferred areas such as Songpa, Seongdong, and Mapo has led to an increase in transaction volume.

According to the Seoul Real Estate Information Plaza on the 28th, as of the 26th, the apartment transaction volume in Seoul in March was 4,039. Monthly transaction volume exceeded 4,000 for the first time since August 2021 (4,065). Last February alone, there were only 2,511 cases, but the number increased by about 1,500 in just one month.

Transactions have increased in the past month across all 25 districts in Seoul. Songpa-gu had the largest increase, increasing by 128 cases from 171 last February to 299 last month. Double-digit transaction volumes were recorded in large complexes in Songpa-gu, including Helio City in Garak-dong (39 cases), Parkrio in Sincheon-dong (22 cases), Trizium in Jamsil-dong (16 cases), and Ricenz and Jamsil Ls (14 cases each).

Prices are also on the rise. Helio City’s exclusive area of ​​84㎡ was changed hands last month for 2.15 billion won (11th floor). This month too, three transactions were made in the 2.1 billion won range. As of January this year, it was traded in the 1.9 billion to 2 billion won range. The basic ransom price is rising to more than 2.1 billion won. The price of 84㎡ exclusively for Jamsil Ls also jumped by 170 million won from 2.23 billion won (20th floor) in January to 2.4 billion won (23rd floor) last month.

Gangseo-gu (122 → 233), Seongdong-gu (112 → 219), and Mapo-gu (104 → 209) also saw an increase of more than 100 transactions last month compared to February. In Gangseo-gu, Gayang-dong Gangbyeon Complex 3 and Gayang 6 Complex attracted attention with 10 transactions each. As the Gayang district was added to the list of subjects subject to the ‘Special Act on Aging Planned Cities’ introduced by the government in January, expectations for reconstruction have increased.

In Seongdong-gu, apartments in Oksu-dong, Haengdang-dong, and Geumho-dong were popular. Oksu-dong e-Pyeonhansesang Oksu Park Hills (16 cases), Haengdang-dong Haengdang Daelim (10 cases), Geumho-dong e-Pyeonhansesang Geumho Park Hills (10 cases), Haengdang-dong Seoul Forest River View Xi (10 cases), etc. had more than 10 cases each in March. It was sold. In Mapo-gu, there was a high transaction volume of local high-priced apartments, including Mapo Raemian Prugio in Ahyeon-dong (13 cases), Mapo Grand Xi in Daeheung-dong (12 cases), and Mapo Prestige Xi in Yeomni-dong (10 cases). In the case of Mapo Prestige Xi, an exclusive 84㎡ unit was sold for 1.97 billion won last month and is on the verge of re-entering the ‘2 billion club.’

Soo-min Yoon, a real estate expert at NH Nonghyup Bank, said, “Recent consumers who were weighing a change took advantage of the recent slight drop in mortgage interest rates,” adding, “Rather than investment demand, there was a lot of movement in the form of moving regions or expanding square footage.” He explained.

Reporter Inhyuk Lee