New apartments clearly lead in transaction volume and prices outside the capital region, with developments ranking among the top in each region
In regional real estate, newly built apartments nearing completion or completed no more than 5 years earlier outperformed in both sales transaction volume and prices. The survey period was from 1 this year through mid-5, and newly built developments ranked among the top in transaction volume in several regions.
A preference for newly built apartments emerged in regional real estate markets. According to a survey by a real estate information company, data compiled from 1 through mid-5 this year showed that, in areas outside the capital region, newly built apartments nearing completion or completed no more than 5 years earlier ranked 1 in sales transaction volume. Newly built apartments showed strength in both transaction and price indicators.
Developments with high transaction volumes were identified in each region. Daegu's Daemyeong Xi Grand City and Pohang Xi Atherturn in Pohang, North Gyeongsang Province, were among the leaders in transaction volume. Asan Tangjeong Xi Metro City in Asan, South Chungcheong Province, and Unam Xi Forena Firstiche in Gwangju1 also ranked among the top.
Newly built developments also led transactions in Gangwon, Daejeon and South Jeolla, among other areas. Doosan We've The Zenith Central Wonju in Gangwon and Hanwha Foret Yuseong in Daejeon were among the leaders in transaction volume. In South Jeolla, Cheomdan Jeil Punggyeongchae A2 Block and Cheongju Centum Prugio Xi in North Chungcheong also saw many transactions.
Newly built homes also showed strength in terms of prices. Real Estate R114’s compilation showed that, as of last year, in regions outside the capital area, completed 5years or less ago, newly built apartments’ 3.3average sale price per square meter was 1,520in units of ten thousand won. Completed 6years or more and 10years or less apartments were 1,460in units of ten thousand won.
Newly built complexes also ranked among the top in other regions. Transactions were recorded at Hillstate Eoullim Hyoja in North Jeolla, Beonyeong-ro Haneulchae Lake View in Ulsan, and The TrueL Jeju in Jeju, among others. Some complexes have already been occupied, while others are scheduled for occupancy.
In summary, newly built complexes in regions outside the capital area outperformed in transaction volume and sale prices. The survey covered this year 1onward from 5to mid-month. The indicators compiled were transaction volume and sale prices.
Sources: 뉴시스 경제
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