“If I buy a mall, I’ll give you a new home.” People digging into a niche market due to housing regulations

Enter 2020.11.27 11:00

“Aren’t shopping malls better than investment houses?”

In Sinbanpo 2nd Cha, Seocho-gu, Seoul, which is said to be the key point of rebuilding along the Han River, the history of shopping mall stores has rapidly increased. This is because the association’s statute has been changed so that members of Sinbanpo’s second business district can choose houses.

Real estate experts also say that with the recent tightening of housing regulations, more and more people are looking for shopping malls in redevelopment or reconstruction areas. Neighborhood facilities such as shopping malls are exempt from the tax burden on homes. If you can put a house up for sale, it’s a gold medal.

According to the real estate sector on the 27th, the second Shinbanpo association revised the statute last month so that members of the business district can also receive apartments instead of the business district. The main point is that the calculation ratio has been drastically reduced from the usual number of “1” to “0.1”.

The “calculation report” is a number that determines whether a member of the mall can receive an apartment or not. To receive a home for sale, the difference in rights of the merchant union member must be greater than the value obtained by multiplying the minimum sale price of the presale home by the “calculated ratio”.

The mall member’s difference in rights is calculated by subtracting the price of the previous property from the mall member’s new sale price. The important thing here is the calculation ratio prescribed by the statute of the association. The lower the calculation ratio, the greater the likelihood that the merchant’s members will be able to choose a home.

For example, if apartment A’s minimum selling price is 1 billion won and the statute ratio is 1, the value is 1 billion won. If a mall member is a new selling price (for example 700 million won) minus the previous property value (for example 300 million won) is 400 million won, the merchant cannot choose a home. However, if the co-op lowers a certain ratio to 0.1 to clear the way for mall members to receive housing, the mall member can choose a home.

The reason the union made this decision was that it would be beneficial for the entire company to embrace the mall members. If the number of homes in general presale decreases due to the selection of houses by members of the merchant union, the profits of the union decrease and the amount of excess profits for reconstruction is reduced. There is also an advantage in that a cooperative can be formed quickly as the consensus rate for rebuilding increases.

An official from an authorized brokerage office near Sinbanpo II said: “There are usually conflicts over whether members of the mall can receive apartments in the reconstruction project, but this time the union has moved quickly.” “There are many people waiting to ask”.

Another reason investors are interested in shopping malls is that they can get around the tax regulations surrounding the homes. In the latest countermeasures of 17/6, the government issued a huge increase in both the tax on purchases and the tax on possession and transfers. (2) If the number of homeowners or more is reached, the heavy tax rate is applied at all stages, from acquisition to ownership and transfer of homes. However, when the rebuilding project is underway, buying a mall that can be exchanged for a home can free you from this tax burden.

An official from Apgujeong-dong B Accredited Brokerage Bureau, Gangnam-gu said, “I think it would be right to invest in a shopping mall because the union institution is in front of you. Because there are no regulations and the union. must go with the merchant members. An official from an official brokerage office near Banpo-dong, Seocho-gu, Seoul said, “People who already have a home and want to invest with extra money have unconditionally looked at the house before. and they are interested in shopping malls recently. “A PB commercial bank said,” I recently consulted buying a shopping center in Banpo’s third week and Shinbanpo in the second week.

Recently, the Seoul metropolitan government is also considering the direction of granting occupancy rights to owners of non-residential facilities such as shopping malls in redevelopment areas. Previously, the city of Seoul was not active in granting residents the right to non-residential property owners. This is due to the widespread division of neighboring life around Seogye-dong, Cheongpa-dong, and Hangang-ro in Yongsan in the early 2000s.

But this is a sign of a potential change of direction. This is to increase the speed of the business by increasing the consensus rate in a short period of time. In order to promote public redevelopment in an already established maintenance area, it is necessary to obtain the consent of 50% of land owners, etc. A Seoul official said: “There are no abuses such as splitting the stakes in the mall and we are reviewing the plan so as not to compromise the consistency of the system.”

However, there are points that need to be considered before buying a mall in a reconstruction / redevelopment area where housing can be exchanged. It remains to be seen how the additional work on rebuilding the excess profit reimbursement system for shopping centers is progressing. There is no basis for properly evaluating my commercial property and for reflecting it in the collection of levies under the current reintroduction law. This is because the law was made only for housing.

According to this law, housing starts calculating house prices based on the date of approval by the Promotion Committee and calculates the amount of excess profits for the reconstruction, which can be seen as starting from 0 won. It can be more than members.

The contents of the association’s statute must also be confirmed. You need to see for yourself how the “ratio” is specified that governs whether or not a merchant member can choose a home. Sinbanpo’s second official mediation official said: “It is safe to check directly with the union and it is necessary to determine if the current sale price is too expensive. I said.