"Now it's a wealthy area in Gangnam" First surpassing 1 billion won per pyeong... Helios City 25 pyeong traded for 2.5 billion won

[Financial News] In Garak-dong, Songpa-gu, Seoul, the first transaction of 1 billion won per 3.3㎡ (pyeong) at 'Helios City' has been recorded. The '1 billion transaction' has been officially registered, not just a rumor.
According to the real transaction data from the Ministry of Land, Infrastructure and Transport on the 18th, a 59㎡ (25 pyeong) unit on the 9th floor of Helios City was traded for 2.5 billion won on the 5th. When converted to the price per 3.3㎡, it is 1 billion won, the highest price ever. This is the first 1 billion won transaction per 3.3㎡ at Helios City.
The same unit in this complex was traded at 2 billion won in January this year. In June, it was traded up to 2.4 billion won and now changed hands at 2.5 billion won. Previously, there were rumors at local real estate agencies that a 59㎡ unit was traded for 2.5 billion won. It has been officially registered in the real transaction price.
This complex was occupied in December 2018 and is a large-scale complex with 84 buildings and 9,510 households. According to KB Real Estate, the total market value exceeded 20 trillion won as of June.
The location of Helios City is a land transaction permission zone. A formal contract is written after obtaining permission from the district office. Therefore, it is highly likely that the actual transaction took place before the announcement of the '6·27 measures'. A nearby K Realty official said, "Although it is recognized as a pre-regulation transaction, the first 1 billion won transaction per 3.3㎡ at Helios City, a symbol of a wealthy area, is significant."
Meanwhile, according to the Korea Real Estate Board, after the '6·27 loan regulation' and 'Stress DSR Phase 3 implementation', the rise in Seoul apartment prices has been slowing for three consecutive weeks.  
According to the weekly apartment price trend announced by the Real Estate Board for the second week of July (as of July 14), Seoul apartment prices rose by 0.19%, a decrease of 0.10%p compared to the previous week (0.29%).
It is judged that the overheating has somewhat subsided. The market is interested in how long the effect of the regulation will last. Go Joon-seok, a professor at Yonsei University's Sangnam Institute of Management, said, "The intensity of the impact of the soon-to-be-announced supply measures will be crucial."





ljb@fnnews.com Lee Jong-bae Reporter