'Trade Breakthrough' Helio City... Exclusive 59㎡ Rises 200 Million KRW in Two Months

As sales transactions in Helio City, Songpa-gu, Seoul, surge, the price of the 59㎡ exclusive area is rising sharply. It is reported that there are many inquiries from buyers who see this as the right time to purchase, given the large-scale complex.

Seoul Songpa-gu Helio City panorama / Photo by HDC Hyundai Development Company

According to the Ministry of Land, Infrastructure and Transport's real transaction price disclosure system on the 1st, the 59㎡ exclusive area in Helio City changed hands for 1.59 billion KRW on the 17th of last month. Although it does not reach the 2 billion KRW level seen in 2021, it has risen by about 200 million KRW in just a month and a half compared to the first transaction price of this year (1.41 billion KRW on January 4th).

Transactions are also active. So far this year, a total of 52 transactions have been completed in Helio City. This accounts for 68% of last year's total transactions (76 cases) occurring within just two months.

The 59㎡ exclusive area started to see transactions pick up from the end of last year. After being quiet for 11 months, three transactions occurred in December alone. Among these, the highest transaction price was 1.39 billion KRW. This year, 13 transactions have already been recorded.

Some express doubts about whether these are normal transactions or respond by asking, "Wouldn't it be better to add more funds and buy the 84㎡ exclusive area?" This is because the 84㎡ exclusive area has recently been traded at 1.7 to 1.8 billion KRW, making the price difference not very large. Some detailed exclusive areas were traded at 1.5 to 1.6 billion KRW at the beginning of the year.

Local real estate agents also recommended the 84㎡ exclusive area more. However, they believe that the relatively high asking price of around 1.6 billion KRW for the 59㎡ exclusive area is influenced by the relatively small number of households. In fact, the 84㎡ exclusive area in Helio City accounts for 5,132 households, more than half of the total 9,510 households (including 1,401 rental units). In contrast, the 59㎡ exclusive area has only 766 households.

A representative from A Real Estate Agency in the area said, "Inquiries from buyers have increased considerably," adding, "There are listings for the 59㎡ exclusive area starting in the low 1.5 billion KRW range, but since the 84㎡ exclusive area has more households and faster transaction turnover, we recommend it more."

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