[2020 National Audit] Highest-Priced Apartment Purchased by 30s, Yongsan Hannam The Hill '6.3 Billion KRW'
[Asia Economy Reporter Yoo In-ho] Since 2018, the most expensive apartment purchased under a single name by the 2030 youth generation was Hannam The Hill (240.3㎡) in Yongsan, Seoul, priced at 6.3 billion KRW.
According to the "2018~June 2020 Actual Transaction Status by Age Group" received by Kim Sang-hoon, a member of the National Assembly Land, Infrastructure and Transport Committee from the Korea Real Estate Board on the 15th, the highest-priced apartment purchased by people in their 20s and 30s was Hannam The Hill in Yongsan, Seoul, bought by someone in their 30s for 6.3 billion KRW (240.3㎡).
Following were Sangji Ritzville Kyleum 2nd in Gangnam at 5.85 billion KRW (244.3㎡), Sangji Ritzville Kyleum in Samseong-dong, Gangnam at 5.33 billion KRW (237.7㎡), and Acro River Park in Seocho at 5.25 billion KRW (154.9㎡). All buyers were in their 30s.
The highest-priced apartment purchased by someone in their 20s was Apfelbaum (241.8㎡) in Gangnam-gu, at 5.1 billion KRW. This was followed by Hannam The Hill in Yongsan at 4.9 billion KRW, and Banpo Jugong 1st Complex and Banpo Xi in Seocho, each purchased for around 4 billion KRW. All top 10 purchases by those in their 30s exceeded 4 billion KRW, and the top 5 purchases by those in their 20s also surpassed 3 billion KRW.
Among minors in their teens, the highest-priced apartment transaction was Jamsil Els in Songpa-gu at 1.72 billion KRW (84.8㎡), followed by Dogok Hyundai Hillstate in Gangnam at 1.69 billion KRW (164.9㎡), and Bangbae Woosung in Seocho at 1.1 billion KRW (84.9㎡).
For those in their 40s to 60s, the highest price was also at Hannam The Hill in Yongsan, with the top price being 8.1 billion KRW (244.7㎡).
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Assemblyman Kim said, "As housing prices have risen under the current government, polarization between youth who can afford to buy homes and those who cannot has intensified," and emphasized, "The current government's real estate policy has expanded opportunities to buy homes only for the cash-rich, while imposing various loan and transaction regulations on ordinary youth. Policy revision is needed even now."
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