Seoul apartment average 12.6% lower, but 17complexes set record highs
According to an analysis by the Korea Urban Research Institute, this year’s 1quarterly average actual transaction price for Seoul apartments was 11billion won 1000million won, 12.6% lower, but among the complexes with the most frequent transactions in each area, 17set new all-time high prices.
According to the “National Actual Transaction Price Analysis Report,” published by the Korea Urban Research Institute based on actual transaction price data from the Ministry of Land, Infrastructure and Transport, the per-unit actual sale price of Seoul apartments in the 1quarter was 11billion won 1000million won, 12.6% lower. The report summarized that the downward trend continued in the monthly figures. The data include specific figures.
On a monthly basis, the per-unit sale price of Seoul apartments in 3this year was 10billion won 4499million won, making it the lowest since 2023year 12month. The report noted that monthly changes varied by area. Specific year-and-month figures are available in the original report.
By floor area, the sale price per 3.3㎡ (1pyeong) was 4937million won, 8.8% lower than last year. The per-unit sale price for all housing in Seoul, including detached and row houses, was 8billion won 8000million won. 17Among the country’s cities and provinces, this figure represented the largest decline.
By region, in terms of transaction volume 1 complexes 25 of them, 24 complexes’ 1 quarterly sale prices rose compared with the previous year. Of these, 17 complexes recorded their highest prices ever since 2011, the start of the analysis period. The report stated that the complexes with rising prices were concentrated in specific high-priced areas.
The largest increases were at high-priced complexes in the Gangnam area. Raemian Firstige in Seocho District (84.9 square meters) recorded 54 hundred million won and the report noted an increase from the previous peak. The complex was classified as being in an area where high-priced transactions were concentrated.1250 ten thousand won
Eunma in Gangnam District (76.8 square meters) recorded 36 hundred million won4000 ten thousand won. Ricenz in Songpa District (85.0 square meters) recorded 33 hundred million won5711 ten thousand won. The report indicated that transactions at these complexes took place in the high-price range.
Hangaram in Yongsan District (59.9 square meters) was transacted for 25 hundred million won6175 ten thousand won. The report also included cases of high-priced transactions in some northern Seoul areas. Specific transaction details and area information are organized in the report’s tables.
The report concluded that contrasting trends coexist by region and by complex, even as the Seoul average declines. The original report includes detailed figures for each complex and comparison tables by period. Interested investors or researchers can consult the original report.
Sources: 뉴시스 경제
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