Dunchon Jugong construction resume… The price for every sq. meter is 4,000,000 gained.

A remarkable agreement was reached among the Dunchon Jugong Apartment Reconstruction Association and the building task group. As Dunchon Jugong has a substantial amount of standard sale models and a excellent spot, close users are fascinated in the common sale price.

On the 14th, Dunchon Condition Industrial Cooperative explained, “Considering that the normal income plan has been postponed, we will make a decision how to compute the product sales value as soon as attainable.” Delayed building is envisioned to resume as early as November and open up for general sale in January future yr.

It is however unclear at what degree Dunchon Jugong’s advertising price tag will be determined. Since there are so a lot of variables. However, the rough ambiance can be guessed from the preceding cost placing procedure.

In April, the Gangdong-gu Place of work resolved and notified the appraisal sum for every square meter of the Dunchon Jugong venture web site at 18.64 million gained following verification by the Korea Genuine Estate Company. Changing this to the price of the land integrated in the sale price of residences, it is about 6.45 million won per m², or about 21.3 million received for every pyeong (3.3 m²). Considering the fact that the appraised benefit of the authentic estate is just the appraised price of the site on which the intricate will be created, the expense of authentic estate for each sq. meter at the sale selling price will lessen according to the ratio of the flooring space of ​​the apartment to be constructed.

Assuming that the believed land price tag is similar to the construction cost for each pyeong (14.69 million gained) of Banpo Raemian Just one Bailey, one of the reconstruction sites in the Gangnam district of Seoul at the time, the price can be estimated ahead of -offered at 36 million received per pyeong. The outcome was a lot less than the 37 million to 40 million received for each pyeong that the union had wanted. Having said that, as construction was on maintain at that time, the sale value could not be verified, and negotiations stalled.

In buy to determine the new sale rate, the affiliation intends to first decide whether to use the appraisal benefit of the housing website that was notified in April or to redo the appraisal from the beginning. A union official stated, “Applying the previous appraisal quantity can preserve time, but it are unable to replicate the higher general public price tag this yr. We will make a decision based on the feeling of our members.”

It is very possible that the increase in development fees will be recognised. This is for the reason that the Ministry of Land, Infrastructure and Transport has carried out the evaluation of the presale value cap process given that last July, which involves crucial costs these as housing relocation expenses, reduction of procedure payment charges, name litigation charges, and basic assembly expenses to be mirrored. in development costs and more expenses. The sudden increase in product rates can also be integrated in this. If this comes about, there is a chance that the sale price will come out in the 40 million gained for each pyeong as wished-for by the modern society.

Gurus also say that this amount of rate is sensible. Park Hap-su, an adjunct professor at Konkuk University’s Graduate College of Actual Estate, said, “The only nearby elaborate that can be in contrast to Dunchon Jugong is Helio Metropolis, Songpa-gu, Seoul. Even if it is offered at 40 million, it ‘was received for every pyeong, it are not able to be considered high-priced.’

Even so, it is demanding that if Dunchon Jugong, recognized as the most significant reconstruction advanced due to the fact Dangun, was offered at 40 million received per pyeong, the selling price of a total residence in Seoul may perhaps range. A true estate official stated, “Because it is a really symbolic advanced, there is a possibility that the Seoul Metropolitan Government or the Ministry of Land, Infrastructure and Transportation could interfere in the gross sales rate review approach of the Gangdong-gu Place of work.”

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