Zigbang: “High-intensity lending regulations to be maintained within the year… Market likely to remain cautious”,
Apartment complexes in Seoul. 2024.11.17/News1 ⓒ News1 Ku Yoon-seong,
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, ‘(Seoul=News1) Reporter Jeon Jun-woo = Due to the effects of lending regulations, the proportion of top-priced apartment transactions in Seoul has decreased for the first time in five months. Particularly, the top-priced transaction proportion in Seocho-gu and Eunpyeong-gu dropped by more than half compared to the previous month.’,
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, “According to the real estate platform ‘Zigbang’ on the 18th, the proportion of top-priced transactions in Seoul for October was 15.6% of total transactions, with 472 out of 3029 total transactions being top-priced.”,
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, ‘The monthly proportion of top-priced transactions had been increasing for four consecutive months since May but shifted to a decrease for the first time in five months.’,
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Trend of top-priced transaction proportion (provided by Zigbang).,
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, ‘The districts with the most significant decrease in top-priced transactions are △Seocho-gu (58% decrease) △Eunpyeong-gu (54% decrease) △Jungnang-gu (36% decrease) △Geumcheon-gu (33% decrease) △Nowon-gu (29% decrease).’,
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, ‘Seocho-gu, which had many top-priced transactions in both older and newer buildings in September, saw only 22 top-priced transactions in October, less than half.’,
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, ‘On the other hand, the districts where top-priced transactions increased include △Gwanak △Dobong △Seodaemun △Dongdaemun △Seongbuk.’,
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, ‘In terms of absolute numbers, Gangnam-gu recorded the most top-priced transactions. The top-priced transactions in Gangnam-gu for October were 78, a 5.4% increase from the previous month (74 transactions). Transactions were centered around newly built and pre-owned properties in Apgujeong Hyundai, Gaepo, and Daechi areas. Transactions continue to focus on redevelopment and landmark new construction that maintain high price levels.’,
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, ‘Additionally, areas with good urban accessibility and excellent school districts, like Songpa, Yangcheon, and Mapo, saw many top-priced transactions.’,
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, ‘A Zigbang representative said, “Amidst the current stagnation of transactions centered around apartments in the Seoul metropolitan area, lending regulations are expected to tighten further with the restriction of policy loans and loans from the second financial sector. With high-intensity lending regulations expected to remain until the end of the year, potential buyers’ main funding sources may be blocked, leading to a continued wait-and-see attitude in the Seoul apartment market for the time being.”