Refer Report

In the auction market last month, Seoul Officetel winning bid price (the rate of winning price compared to the appraisal) and the winning bid rate (the number of sales to the number of auctions) rose. It is analyzed that the impact of buying officetels low as the profitability improves, such as the rise in rent. It is also said that the officetel market, which suffered a stagnation in the aftermath of the charter fraud and high interest rates, has bottomed out.

According to the support auction of the public and short selling information companies on the 9th, Seoul’s officetel successful bid price was 83.5%, up 0.8 percentage points from December last year (82.7%). At one time, he sat down to 70%(72.9%in November last year), but this year, he is on the rise.

The winning bid rate was also 23.9%, up 3.4 percentage points from the previous year (20.5%). Compared to 9.5%(February last year), a year ago, which was the lowest level ever, the atmosphere is getting better.

There are a lot of cases where a tenant who has not received a deposit is buying officetels directly. The 17㎡ dedicated to A officetel in Gasan -dong, Geumcheon -gu, Seoul, was sold for 132 million won, which is 117.9%on the 14th of last month. It is an example of the so -called ‘self -successful bid’ where the tenant was directly bid. He bought an officetel with a deposit (132 million won). The B officetel (exclusive 24㎡), Sangam -dong, Mapo -gu, has also changed to 140 million won, which is higher than the appraiser (123 million won). The officetel also won a bid for a deposit of 140 million won.

The bidding competition for low -priced buying is also becoming fierce. The 21㎡ of C -Officetel in Sinwon -dong, Seocho -gu, was attended by four bidders on the second day of sale last month. At once, the low -cost buying was gathered when the minimum bid was 20% off the appraisal price (175 million won). It was sold for 88% of the appraisers, which is 88%. Yeongdeungpo -dong, Yeongdeungpo -gu, D -Officetel (20㎡) was also sold for 111 million won, which is 95%, with three bidders gathered on the second day of sale on the 14th of last month.

A real estate expert said, “The increase in officetel rent is strong as the preference for rent is spreading over the rent.

Reporter Shim Eun -ji

Source: Korean