Mortgage Limit of 300 Million Won? Samsung 500 Million... Money Flowing into Semi-Prime Zones

Yonhap News [Financial News] As the banking sector successively reduces mortgage loan limits, attention is focused on whether this will affect the housing market in so-called "semi-prime zones" near semiconductor industrial complexes. However, there are also observations that some areas, such as Dongtan, may be relatively less affected by lending regulations, as Samsung Electronics is considering low-interest in-house loans of up to 500 million won.
According to the real estate industry and others on the 13th, the possibility is emerging that the recent reduction in mortgage loan limits by financial institutions could even impact in-house loans. Previously, KB Kookmin Bank uniformly reduced its mortgage loan limit to within 300 million won starting on the 10th, and Hana Bank also halted the acceptance of mortgage loans for execution in August.
Samsung Electronics' in-house loans are cited as a key variable for the semi-prime zones. Samsung Electronics announced internally on the 15th that it will implement the 'Housing Stability Support System' starting this September, which provides loans of up to 500 million won to employees who do not own a home.
Consequently, analysis suggests that even if mortgage limits in the financial sector are reduced, financing conditions in prime locations such as Dongtan, Giheung, and Yeongtong may remain relatively stable. However, there is also a view that banks have no choice but to be cautious as they have stepped in for preemptive management.
Previously, the Financial Services Commission urged companies to self-manage in-house loans and effectively presented guidelines, including the establishment of first-priority mortgages, installment repayment of principal and interest, restrictions on loans for multi-home owners, restrictions on loans for high-priced homes, and limitations on housing with an exclusive area of ​​85m2 or less. However, experts analyze that even with the existence of in-house loans, they are not significant enough to overturn the recently tightened lending regulations.
Nam Hyuk-woo, a real estate researcher at Woori Bank, stated, "The southern Gyeonggi region has a high dependence on loans, and housing prices have surged in a short period. " He added, "With various variables such as the stock market and interest rates intertwined, it is necessary to observe market trends further.
" He further noted, "While transactions may show signs of slowing slightly due to the impact of loans, it is highly likely that current market prices will be maintained, driven by a select few transactions.
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act@fnnews.com Choi A-young Reporter