Lee Sang-hyun, a reporter for the Digital Times, said, "The competition rate for apartment complexes under 400 million won this year is slim, while competition for apartment complexes with a price of over 1.2 billion won is heating up.
While low-cost apartment complexes in Seoul and provincial areas have been shunned by consumers due to the widening polarization of apartment prices, 스포츠토토 many applicants have flocked to expensive apartment complexes in Seoul, where hundreds of millions of dollars are expected to be raised due to regulations on apartment prices.
According to the analysis of the Korea Financial Telecommunications &'26; Trade-Investment Promotion Agency (FSS)'s first-priority apartment purchase results for this year, the competition rate for apartment sales of less than 200 million to 400 million won was 7.2 to 1, while the difference of more than 1.2 billion won was more than three times that of 22.7 to 1.
Under 200 million won was the lowest, with 0.4:1 for the sale, and 20 to 1 for the over 400 million won section, the lower the competition rate for subscription.
As low-priced local apartment complexes have been shunned by applicants, there have been many unsold apartments. This year's first-ranked contract failure rate was 73.1 percent, which is below 200 million won. Subsequent to this, 30.1% of the total amount of 200 million to 400 million won were recorded. On the other hand, the underpayment rate of over 1.2 billion won was only 0.3 percent, and the lower the prices of apartments, the higher the shortfall rate.
With the number of new apartment buyers flocking to the market, the percentage of high-priced apartments priced at more than 600 million won this year was 11.6 percent, which is more than 10 percent of the total sales. The figure is a 3.8 percent increase from last year. On the other hand, the proportion of apartments under 200 million to 600 million won, which accounted for more than 80 percent of the total sales last year, was 86.6 percent this year, down slightly from last year. In particular, the amount under 200 million to 400 million won was 59.4 percent this year, down 5.7 percentage points from last year, and dropped by more than 15 percentage points compared to 2015.
One reason is that the sales market of apartments in Seoul has risen first and that the price of high-priced apartments has been restrained in the process of guaranteeing the sale of apartments.
"The general perception that consumers are highly sensitive about the sale price is no longer accepted in the recent sales market," said Ham Young-jin, head of Big Data Lab, who is directly close to Big Data.
On the other hand, the phenomenon of being shunned by consumers regardless of price is becoming stronger if location and commerciality are lower.
"As there is a tendency for consumers to resist high-end sales and increase flexibility in price, if there is no reason to lower the price of a new apartment in the process of guaranteeing sales, the increase in apartment prices of reconstruction can be a factor that will stimulate the market," Ham added.
Experts point out, however, that it is uncertain whether such a phenomenon will become a market trend in the future as it can be seen as a temporary characteristic of the real estate boom.