Capital-area price-capped complexes' subscription competition rate 18.5times1, with construction costs behind the sharp rise in sale prices
The 1rank subscription competition rate for complexes in the capital area subject to the presale price cap averaged 18.5times 1higher than that of regular complexes (7.3times 1). As presale prices rise, actual demand is flowing toward price-capped complexes, where the price burden is relatively lower.
The 1rank subscription competition rate for complexes in the capital area subject to the presale price cap averaged 18.5times 1. During the same period, the average competition rate for regular presale complexes was 7.3times 1According to Real Estate R114's tally, demand was found to be concentrated in price-capped complexes.
A total of 47complexes are scheduled for sale or have been offered in the capital area this year. Of these, 11are subject to the presale price cap. The supply of price-capped complexes is continuing.
According to data from the Korea Housing & Urban Guarantee Corporation, as of 4, the average presale price per 3.3㎡ for private apartments in the capital area was 3,470ten thousand won. The year-on-year increase was 20.2. The rise in presale prices has increased the price burden.
When converted based on the exclusive-use area 84㎡, 1the presale price rose by 1hundred million won9,000or more over the years. Actual users are shifting their attention to price-capped complexes with relatively lower financial burdens. The industry identified rising construction costs as the main cause of the increase in presale prices.
According to figures compiled by the Korea Institute of Civil Engineering and Building Technology, this year's 4monthly Construction Cost Index stood at 136.88its highest level since records began. The index has risen continuously for 8months since 8last year. Unstable supplies of construction materials and higher international oil prices and exchange rates have been cited as the background.
The price cap system is a system that limits presale prices based on land costs and standard construction costs. It is structured to partially curb increases in presale prices even during periods of sharply rising construction costs. Demand is concentrating on complexes to which this system applies.
Sources: 뉴시스 경제
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