Number of regulated areas in the Seoul metropolitan area expanded,40unregulated transactions69surged by percent in some cases
The Ministry of Land, Infrastructure and Transport and Gyeonggi Province designated Hwaseong Dongtan, Giheung in Yongin, and Guri as regulated areas, bringing the total number of regulated areas in the Seoul metropolitan area to 40There is a high possibility that interest will flock to areas being mentioned as alternative destinations, since there is precedent for a sharp increase in transactions in unregulated areas after past regulation announcements.
The Ministry of Land, Infrastructure and Transport and Gyeonggi Province designated Dongtan District in Hwaseong, Gyeonggi Province, Giheung District in Yongin, and Guri as speculative overheating zones, adjustment target areas, and land transaction permit zones on the 30day of last month.
With this designation, the number of regulated areas in the Seoul metropolitan area increased. Previously, there were a total of 37areas, and this time it became 40areas.
In the past, it has been confirmed that demand tends to move to unregulated areas after regulation announcements. Before and after the announcement of last year’s 10·15 measures, apartment sales transactions in unregulated areas of Gyeonggi Province over 30days rose from 6,926cases to 11,691cases.
The table below shows the scale of transaction growth in major cities and counties at the time.
| Area | Increase in number of transactions |
|---|---|
| Hwaseong City | 938 → 1,932 |
| Goyang City | +459 |
| Namyangju City | +391 |
| Giheung District, Yongin City | +319 |
| Guri City | +316 |
| Bucheon City | +312 |
With this designation, Hwaseong Dongtan District, Giheung District in Yongin, and Guri City were included in the regulated areas. Among the remaining unregulated areas, Goyang, Namyangju, Bucheon, and Gimpo, which are adjacent to Seoul or have metropolitan transportation networks, are being mentioned as alternatives.
In the southern part of the Seoul metropolitan area, some areas, including Gwonseon District in Suwon City, are being mentioned as alternative candidates.
In regulated areas, strict requirements apply, including 2 years after joining a subscription savings account, the head-of-household requirement, and no record of winning a subscription in the past 5 years for other household members. In contrast, unregulated areas are relatively free from these requirements.
Sources: 뉴시스 경제
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