Amid the fog of new government real estate policy… Seoul reconstruction apartment prices fall for the first time in 5 weeks

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[FETV=김진태 기자] Apartment sales prices in Seoul, where there was a slight upward trend following the presidential election on expectations of easing of real estate regulations, recorded a flat rate (0.00%) this week. This was largely due to the slowdown in the rise in reconstruction apartment prices, which had led the upward trend.

According to Real Estate R114 on the 29th, apartment sales prices in Seoul this week were flat (0.00%). Reconstruction fell 0.01%, turning downward in five weeks, and general apartments rose by 0.01%.

By region, Yongsan-gu showed a sharp rise due to expectations for the relocation of the presidential office. ▲Yongsan (0.12%) ▲Guro (0.08%) ▲Seocho (0.08%) ▲Dobong (0.05%) rose in that order. On the other hand, ▲Gangdong (-0.11%) ▲Gangbuk (-0.09%) ▲Nowon (-0.06%) ▲Gangnam (-0.03%) fell.

The sale price of apartments in new towns rose by 0.01% as the first-phase new towns led the rise. By region, ▲Ilsan (0.10%) ▲Gimpo Han River (0.04%) ▲Bundang (0.02%) ▲Middle East (0.02%) ▲Sanbon (0.01%) rose while ▲Dongtan (-0.01%) fell.

Gyeonggi-do and Incheon remained flat this week (0.00%). ▲Siheung (0.02%) ▲ Anyang (0.02%) ▲Icheon (0.02%) ▲Gwangmyeong (0.01%) ▲Gimpo (0.01%) ▲Namyangju (0.01%) ▲Seongnam (0.01%), ▲Uiwang (-) 0.05%) ▲Paju (-0.03%) ▲Hwaseong (-0.01%) ▲Suwon (-0.01%) ▲Incheon (-0.01%) fell.

As for the Jeonse market, Seoul recorded a flat rate (0.00%), while new towns and Gyeonggi and Incheon rose 0.01% each. Lim Byung-cheol, senior researcher at Real Estate R114, said, “Unlike deregulation, where development expectations are high, transactions continue, but in some regions, even a sudden sale is hesitant.” It looks like it will continue.”

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