How much the construction companies provide the interest-free benefits in the real estate market turned out to be the factor that led to the success or failure of the pre-sale market as lending regulations tightened.

According to the construction industry on March 26, DSR (total repayment ability) was fully implemented from this day, and it became more difficult to prepare my house because of debt. DSR adds annual principal repayments of all loans, not just existing mortgages but also credit loans, and compares them with the annual income to decide whether to lend. In short, it is possible to borrow only as much as you can pay off your money. The five major commercial banks set the DSR classification standard at 100% and 150% for credit loans and 200% for mortgage loans. According to this, if an employer with an annual salary of KRW 70 million has to repay a loan of KRW 70 million.

As a result of the difficulty of collective lending in the middle class, the burden of demand has been increased. In the pre-market, 60% of the pre-sale price was paid by the construction company. In the complex where interest-free loans are applied, the cost burden will be reduced and the success of the sale will result if the contractor pays the deposit (10% of the sale price) until the balance is paid.

Construction companies are offering a full amount of interest-free benefits in the suburbs of the Seoul metropolitan area or local sales districts. Eugene Construction Industries is allowed to reside in Gyeonggi Yongin, a residential city in Gyeonggi Province. Hyosung has lowered the mid-deposit ratio to 5% for Pyeongtaek Sosabe Hyosung Harrington Court. Except for the down payment (10%), the remaining expenses will be paid at the time of moving in. Even if they own only 15% of the pre-sale price, they can receive a sale, and the interest rate is low because the interest rate burden is lowered as interest rate is low. Bando Construction is also applying a postponement of payment of the preliminary payment to the Daegu National Industrial Complex Yubora Ivy Park 2.0 with pre-payment of interest.

Real estate analysts predict that mid-cap interest-free benefits will be essential for local sales. Cho Hyun-wook, a vice president of Daegu Economy Research Institute, said, "Since a good business area is crowded with demanding customers, construction companies will not offer a pre-sale offer while offering mid-cap interest-free benefits." But outside the Seoul metropolitan area, "If there is no intermediate funding support, it will be difficult for the consumer to pay attention."

By Park Sang Gil sweatsk@


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