[After the December 16 Measures Announcement] Even Without Loans... "Still Gangnam"

-High-End Homes Over 1.5 Billion KRW in Gangnam Area
-Loans Blocked by Strong Real Estate Measures... "A Lotto Only for Cash-Rich Buyers"?

Despite the ‘December 16 Measures,’ the pre-sale market is rather heating up.

Strict loan regulations have not dampened interest in newly built apartments in Gangnam, Seoul. The expansion of the private land pre-sale price ceiling system has increased concerns about supply shortages, which is making prospective buyers anxious. The model house for 'Sinbanpo Jungang Heights' attracted a large crowd from weekday mornings, eager to see the new apartments priced lower than the surrounding market.

Although loans are blocked for homes priced over 1.5 billion KRW due to the December 16 Measures, which could potentially weaken investor sentiment, prospective buyers seem largely unaffected by the loan restrictions.

Park Jeong-ho (45), who lives in Seocho-dong on a lease, said, “If you have cash, it’s definitely attractive.” He added, “If you have financial flexibility, you can definitely aim for capital gains.”

Kim Yeon-seo (44), living in Daechi-dong, said, “It’s a pity that loans are not available. Still, I plan to cover the remaining balance by renting out to tenants.” She added, “It’s a shame to give up the expected capital gains because of loan regulations.”

'Sinbanpo Jungang Heights' is performing well despite regulations due to its combination of Han River views, excellent transportation access, and premium school districts. The complex is located within 10 minutes of Banpo Hangang Park and Shinsegae Central City, offering the advantage of Han River views. It is close to Jamwon Station and Banpo Station, and the Express Bus Terminal, which serves Seoul Subway Lines 3, 7, and 9, is just 5 minutes away.

Additionally, freedom from resale restrictions is also accelerating buyers’ decisions. Many prospective buyers continue to show interest. The site is located at 71-9 Jamwon-dong, Seocho-gu, and detailed information is available at the 'Sinbanpo Jungang Heights' sales promotion center on the 1st floor of Parkland Building, 601 Eonju-ro, Gangnam-gu.

This content was produced with the assistance of AI translation services.