The 'Raemian One Bailey' in Banpo-dong, Seocho-gu, known for its high-rise apartments in Seoul, recorded a peak price of 7.2 billion won for a 84㎡ unit. In particular, the transaction took place on the 27th of last month when the government announced measures to strengthen loan regulations, which has garnered market attention.
According to the Ministry of Land, Infrastructure and Transport, the Raemian One Bailey 84㎡ unit was transacted for 7.2 billion won on the 27th of last month. This marks a 200 million won increase from the 7 billion won transaction for the same area in March, just three months prior. The price per 3.3㎡ for this transaction is approximately 211.76 million won, which is the highest for the 84㎡ standard.
Previously, the Raemian One Bailey opened the era of 200 million won per 3.3㎡ when a 133㎡ unit was transacted for 10.6 billion won in December of last year.
The timing of this transaction is also drawing attention in the market. June 27, the date the contract was signed, was the day the government officially announced measures to strengthen loan regulations. Since this transaction, there have been no recorded transactions at the Raemian One Bailey.
According to the real estate industry, the Raemian One Bailey property traded this time is a rare item with a 'panoramic view of the Han River.' There are also evaluations that the price reflects the premium of the view significantly.
Currently, the asking prices for properties similar to this transaction have reached up to 8.5 billion won. Since the government announced regulatory measures, properties priced in the 6 billion to 7 billion won range have also begun to appear.
Raemian One Bailey is a redevelopment project that integrates the Sinbanpo 3rd Complex and Kyungnam Apartments in the Banpo-dong area of Seocho-gu, Seoul. Completed in August 2023, it consists of 4 basement levels and 35 above-ground floors, with a total of 2,990 housing units.