[2020 National Audit] Jamsil Els House Bought for 1.7 Billion Won by Owner, Turns Out to Be a Teenager

[Asia Economy Reporter Lee Ji-eun] Since 2018, the most expensive apartment purchased under a single name by the younger generation was Hannam The Hill (240.3㎡) in Yongsan, Seoul, reaching 6.3 billion KRW. There was even a teenager who bought Jamsil Els in Songpa (84.8㎡) for 1.7 billion KRW.

According to the 'Real Transaction Status by Age Group (Single Name Basis) from 2018 to June 2020' 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 those in their 20s and 30s was Hannam The Hill in Yongsan, Seoul, bought by someone in their 30s.

Next, Sangji Ritzville Kyleum 2nd in Gangnam was traded for 5.85 billion KRW (244.3㎡), Sangji Ritzville Kyleum in Samsung-dong, Gangnam for 5.33 billion KRW (237.7㎡), and Acro River Park in Seocho for 5.25 billion KRW (154.9㎡). All buyers were in their 30s.

The highest-priced apartment purchased by those in their 20s was Apfelbaum (241.8㎡) in Gangnam-gu at 5.1 billion KRW, 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 sales by those in their 30s exceeded 4 billion KRW, and the top 5 sales by those in their 20s also surpassed 3 billion KRW.

Among apartments traded by teenagers, the highest price 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 all at Hannam The Hill in Yongsan, with the top price being 8.1 billion KRW (244.7㎡).

Assemblyman Kim said, "Since the Moon administration, as housing prices have risen, polarization between the younger generation who can afford to buy houses and those who cannot has intensified," adding, "The current government's real estate policy expands opportunities to buy homes only for the cash-rich, while imposing various loan and transaction regulations on ordinary young people, so policy revision is needed even now."

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