'Raemian One Bailey' Sale Price 56.68 Million KRW per 3.3㎡... General Sale in March

'Raemian One Bailey (Sinbanpo 3rd·Gyeongnam Reconstruction)' Perspective View

[Asia Economy Reporter Moon Jiwon] The general sale price of 'Raemian One Bailey' (Shinbanpo 3rd Complex and Gyeongnam integrated reconstruction) in Banpo-dong, Seocho-gu, Seoul, has been set at approximately 56.68 million KRW per 3.3㎡.

Seocho-gu announced on the 8th that the price for 'Raemian One Bailey' was decided at 56.686 million KRW per 3.3㎡ at the price review committee meeting. The land cost is 42 million KRW, and the construction cost is 14.68 million KRW.

This complex submitted an application for resident recruitment notification to the local district office at the end of July last year, just before the implementation of the private land price ceiling system, in an attempt to avoid the price ceiling. At that time, the Housing and Urban Guarantee Corporation (HUG) set the general sale price at 48.91 million KRW per 3.3㎡, but the association did not accept this and ultimately became subject to the price ceiling system.

The final amount decided this time is about 16% higher than the 48.91 million KRW set by HUG and is close to the 57 million KRW per 3.3㎡ requested by the association. Although it was expected that the price ceiling system would lower the sale price by 10 to 20% compared to the price calculated by HUG, the sale price actually increased. This is because the increased land cost was reflected.

Raemian One Bailey, constructed by Samsung C&T, has a total of 2,990 households, of which 224 units are for general sale excluding association members' units. The relocation of residents and demolition of apartments have been completed. The association plans to conduct sales to association members next month and proceed with general sales as early as March.

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