In the case of condominiums, new contracts are increasing through discounts on sales prices, but it has been pointed out that there are limits to eliminating unsold properties in general.
According to the construction industry, the construction site at Bangkogae Station in Naedang-dong, Seo-gu, Daegu Metropolitan City
One "Prugio" apartment building has been selling its units after lowering the price by more than 100 million won since the second half of last year. The apartment sold 240 units in February of last year, but the competition was so poor that only 19 units were sold.
At the time, the price of an apartment with a floor area of 84 square meters was set at 739 million won (US$750,000). The average price in Daegu's Seo-gu district was 1.3 square meters per 3.3 square meters.
The price of the apartment is 10 million won (approximately 1.02 million yen), but this property was sold for over 20 million won (approximately 2.04 million yen), and there were no contracts in March. It is currently being offered at a discount of over 100 million won.
A Prugio representative said, "We are selling apartments at 600 million won (US$595,000) at reduced prices from 730 million won (US$675,000)."
"Initially, there were no contracts, but by lowering the sales price, the contract rate has risen to 40%," he said.
In any case, immediate occupancy is possible. The "Hillstake Hwanggeum Station Reserve" in Hwanggeum-dong, Suseong-gu, Daegu, which began accepting occupancy in December of last year, also raised its sales price in December of last year.
The apartments are being sold at a maximum discount of 10%. When this property was first sold, it was priced at 900 million won (approximately 92.2 million yen) (82-83 square meters), but it has been reduced to 800 million won (approximately 82 million yen).
The 84-square-meter apartment at the "Hillstate Golden Elforet" in Golden-dong, which is scheduled to be completed in 2022, was listed for 890 million won (about 91.2 million yen) on the 21st of this month and 900 million won (about 91.2 million yen) in December of last year.
Considering that the apartments were traded at a price of 92.2 million yen, they are being supplied at a significantly lower price. Construction companies have been actively lowering the prices of apartments in order to sell off the unsold apartments.
Although the number of new contracts has increased through this method, it has been pointed out that there is a limit to how much of the property can be sold through this method. In Daegu, which has the largest number of unsold apartments in the whole of South Korea,
Not only did the region have the highest number of for-sale homes in the nation with 3,075, but it also saw an increase of 401 homes in one month, making it the region with the largest increase. At the end of 2023, there were only 1,044 homes left for sale.
This means that the number of homes sold has tripled in just a little over a year. Construction companies are drastically lowering the prices of homes sold, but if they are still unable to sell, they will implement the Corporate Restructuring Program, as announced by the South Korean government.
The government is considering transferring the units to the Korea Land and Housing Corporation or the Enterprise Restructuring Association. Currently, units are being sold at prices 10 to 20 percent lower than the sale price, but the government is considering transferring the units to the Enterprise Restructuring Association or the Korea Land and Housing Corporation.
When the units are delivered, they will be 20 to 30 percent cheaper. A source in the construction industry said, "Despite the price cut, the real estate market in Daegu has not moved significantly."
"Construction companies will likely move in a direction to recover construction costs as much as possible," he said. There will also be an increase in apartment sales rights and occupancy rights being put up for sale at more than 100 million won less than the sale price.
The price of an 85-square-meter apartment at Hillstate Daegu Station First in Taepyeong-ro 3-ga, Jung-gu, was reduced by up to 130 million won (approximately 13.3 million yen).
The properties are available not only in Daegu but also in the metropolitan area. An 84-square-meter apartment in the "Zaidastar" complex in Songdo, Incheon City, is selling for 80 million won (about 8.2 million yen) more than the sales price.
Even if construction companies actively lower the prices of apartments, if the winners of the contracts cannot bear the high prices and sell the rights,
There is also a risk that the effect of lowering sales prices will weaken. Kim Ji-Yeong, a senior researcher at Real Estate R114, said, "Even if self-help measures such as lowering sales prices are implemented, it will be difficult to eliminate unsold properties in the local sales market.
It's a situation," he said.
2025/03/04 07:16 KST
Copyrights(C) Edaily wowkorea.jp 107