This is an AI translated post.
Buiknam x Kim Writer Talk Concert Golden Time
- Writing language: Korean
- •
-
Base country: All countries
- •
- Economy
0000-00-00 00:00:00
Select Language
Summarized by durumis AI
- The current real estate market is sluggish in transactions and the economic situation is not good, but CEO Lee Sang-woo presents the possibility of a rise in the real estate market based on the rise in land prices and the improvement of export company performance.
- He cites the rise in land prices and rent as the basis for the rise in real estate value, and presents the point at which transactions of 900 million to 1.2 billion won houses are released after Chuseok and the Daegu presale competition rate exceeding 1:1 as indicators of market sentiment reversal.
- CEO Lee Sang-woo views the income growth rate as an indicator of real estate market demand, and while the current real estate cycle is in the 4th inning of a baseball game, he expects the upward trend to begin in earnest as the reconstruction apartment period arrives.
Summary of Key Points by CEO Lee Sang-woo
Lecture topic: What should we do now?
- Transactions are severely stagnant, oil prices and exchange rates are unfavorable, and the trade balance is poor.
Our country is one of the top three exporting nations, and the performance of export companies is expected to be good.
- What is the intrinsic value of real estate?
Intrinsic value = Land price + Rent price
The price of land in Gangnam is approximately 150 million won per pyeong * Land share + Rent price
The government has raised land prices significantly in the past. The speed is still fast.
- People who own land have strong financial resources, so they won't sell land even if interest rates rise.
- Even during the COVID-19 pandemic, there were many vacant stores, but properties were not readily available.
- It seemed like the atmosphere might change after the Chuseok holiday (my opinion).
- Two criteria for the change in atmosphere are the point at which transactions for homes priced between 900 million and 1.2 billion won become active and the point at which the subscription rate for new apartments in Daegu exceeds 1:1.
- When I look at the market, I mainly observe trends in demand, and my main criterion is income growth rates.
- In terms of the real estate cycle, what period are we in? It should be the bottom of the 7th inning in baseball terms, but we've been pushed back to the 4th inning. Time keeps flowing, and if the time comes for redevelopment apartments, we might even go back to the 2nd inning. This is just the beginning (another bullish view).
Summary of Key Points by CEO Lee Sang-woo
Lecture topic: What should we do now?
- Transactions are severely stagnant, oil prices and exchange rates are unfavorable, and the trade balance is poor.
Our country is one of the top three exporting nations, and the performance of export companies is expected to be good.
- What is the intrinsic value of real estate?
Intrinsic value = Land price + Rent price
The price of land in Gangnam is approximately 150 million won per pyeong * Land share + Rent price
The government has raised land prices significantly in the past. The speed is still fast.
- People who own land have strong financial resources, so they won't sell land even if interest rates rise.
- Even during the COVID-19 pandemic, there were many vacant stores, but properties were not readily available.
- It seemed like the atmosphere might change after the Chuseok holiday (my opinion).
- Two criteria for the change in atmosphere are the point at which transactions for homes priced between 900 million and 1.2 billion won become active and the point at which the subscription rate for new apartments in Daegu exceeds 1:1.
- When I look at the market, I mainly observe trends in demand, and my main criterion is income growth rates.
- In terms of the real estate cycle, what period are we in? It should be the bottom of the 7th inning in baseball terms, but we've been pushed back to the 4th inning. Time keeps flowing, and if the time comes for redevelopment apartments, we might even go back to the 2nd inning. This is just the beginning (another bullish view).
