"72 Billion for Han River View" Raemian One Bailey, Highest Price for National Standard Again

[Financial News] In Banpo, known as the symbol of high-priced apartments in Seoul, the so-called 'National Standard' at 'Raemian One Bailey' was traded at 7.2 billion KRW, once again setting a record high. Particularly, this transaction was confirmed to have been concluded on the day the government announced plans to strengthen loan regulations, drawing market attention.
According to the Ministry of Land, Infrastructure and Transport's real transaction disclosure system on the 14th, the exclusive area of 84㎡ at Raemian One Bailey was brokered for 7.2 billion KRW on the 27th of last month. This is an increase of 200 million KRW in just three months since the same area was traded for 7 billion KRW in March, and compared to the same area being traded for 6 billion KRW last August, it has risen by 1.2 billion KRW in a year.
The price per 3.3㎡ in this transaction is about 211.76 million KRW. It is a record high based on the national standard. The complex first recorded a transaction of 200 million KRW per 3.3㎡ in March, followed by a second case of surpassing 200 million KRW. Previously, in November last year, an exclusive 133㎡ was traded for 10.6 billion KRW, opening the era of 200 million KRW per 3.3㎡ first.
The timing of the transaction is also attracting market attention. The contract was concluded on June 27, the day the government officially announced plans to strengthen loan regulations. Since this transaction, there have been no real transactions registered at Raemian One Bailey.
According to the industry, the traded property is a rare item securing a 'panoramic Han River view', with the view premium significantly reflected in the price. Currently, similar properties in the same building are listed for up to 8.5 billion KRW, and after the government regulation announcement, some properties have adjusted their price range to 6 to 7 billion KRW.
Meanwhile, in the Banpo area, the nearby 'Acro River Park' exclusive 84㎡ was traded for 5.65 billion KRW, and the same area at 'Banpo Xi' was traded for 4.67 billion KRW in May, setting new record highs. In the Banpo area, known for its concentration of high-priced apartments, One Bailey's price increase is the steepest.
Raemian One Bailey is a redevelopment project integrating Sinbanpo 3rd and Gyeongnam Apartments in the Banpo-dong area of Seocho-gu, Seoul, completed in August 2023. It is a complex with 23 buildings, 4 basement floors to 35 above-ground floors, and a total of 2,990 households.

going@fnnews.com Choi Ga-young Reporter