As housing prices in Seoul fluctuate, small apartments (one room) with an exclusive area of around 40㎡ in the three Gangnam districts (Gangnam, Seocho, Songpa) are hitting record highs one after another. A 27㎡ unit in 'Resence' in Jamsil-dong, Songpa-gu changed hands for 1.6 billion won on the 13th of last month. As recently as June, the housing type traded for 1.2 billion~1.3 billion won, but now it has far surpassed the so-called '100 million won per pyeong' price. The 27㎡ unit in Resenz is about 12 pyeong, making it an ultra-small house with just one bedroom and one living room. And among the total 5,563 units, it accounts for 868 units, second only to 84㎡ (3,590 units). In Samseong-dong, Gangnam-gu, a 38㎡ unit in 'Samsung Hillstate 2nd Complex' was sold for 1.59 billion won on the 1st of last month, showing a steady change of ownership, and in Helio City, Songpa-gu, a massive complex with 9,510 households, a 39㎡ unit changed hands at a record high of 1.63 billion won in July. Apartments around the Han River Belt are reportedly selling for over 2 billion won, and at the end of June, A 35㎡ unit in 'Trimage' in Seongdong-gu, which was sold for 2.14 billion won, is priced at 2.1 billion~2.3 billion won, and a 49㎡ unit in Cheongdam Xi, Cheongdam-dong, Gangnam-gu, changed hands for 2.73 billion won (12th floor) on the 17th of last month. The 'national evaluation' standard is already lowering to 59㎡, but nationwide, the average competition rate for first-priority units in private apartment sales is 19.2 to 1, and in the metropolitan area, it is 28.3 to 1. An industry insider said, "Apartments built in recent years From a structural design perspective, it's excellent, so even though it's small, it doesn't cause much inconvenience," adding, "Considering the expected price increase in prime areas, it's a very attractive choice for one~two-person households." A single room costs over 2 billion won,,, so it's an attractive choice, but what ??? I just have to live on rent!!!!!!
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