Strengthened Regulations under the June 17 Measures... Spotlight on 'Sewoon Prugio Hericity'

With the announcement of the strengthened loan regulations under the June 17 real estate measures, attention is turning to complexes that were previously sold to actual buyers.

According to the real estate industry on the 23rd, Daewoo E&C's Sewoon Prugio Hericity, the first complex to be sold in the Sewoon district in 14 years, is excluded from the June 17 regulations. This is because the official contracts were signed on the 18th and 19th, before the real estate measures take effect on July 1, and the remaining units are currently being contracted.

Under the June 17 measures, for future mortgage loans, ▲non-homeowners will be required to move in within six months regardless of the housing price ▲homeowners will be required to dispose of their existing home and move into the new home within six months. However, if the remaining units of Sewoon Prugio Hericity are contracted by the 30th of this month, the previous regulations will apply: ▲non-homeowners are exempt from the move-in obligation ▲homeowners must dispose of their existing home and move in within one year, thus exempting them from the strengthened regulations.

Additionally, although mortgage loans for housing rental business operators are banned in all areas, if contracts for Sewoon Prugio Hericity are completed by the 30th of this month, ▲the existing LTV ratio of 20-50% will apply, allowing loans.

As a result, inquiries from buyers about the contract period have increased at the Sewoon Prugio Hericity model house. A sales official explained, “As existing interested buyers anticipate difficulty in purchasing homes for the time being due to the strengthened regulations, they are shifting to actual demand.”

Sewoon Prugio Hericity is located in Inhyeon-dong 2-ga 151-1, Jung-gu, Seoul, in the Sewoon 6-3 district. It is a mixed-use complex with 614 units, ranging from 24 to 42 square meters, spanning from 9 basement floors to 26 above ground.

Although it is a small urban-type apartment, it is located on the top floors above the 16th floor, offering excellent views. Balcony expansion is provided as a basic option, increasing the usable area by 30-40%. Inside the units, high-end imported wooden flooring, finishing materials, built-in furniture, and electronic appliances are all offered as free options, while the main unit prices range from the low to mid 400 million to 500 million KRW range, making it competitively priced.

This content was produced with the assistance of AI translation services.